micro market report luxury real estate market research October 2014 | LOS ANGELES, ORANGE, SANTA BARBARA, & MONTEREY COUNTIES
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
MEDIAN PRICE:
DAYS OF MARKET (PENDING SALE):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
MONTH’S SUPPLY OF INVENTORY:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
AVERAGE PRICE PER SQUARE FOOT:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
PERCENT UNDER CONTRACT:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
PROPERTIES SOLD:
The number of property transactions
AVERAGE MEDIAN PRICE FOR LAST 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
PROPERTIES PENDING SALE:
The number of properties that entered escrow in preparation for sale. PROPERTIES FOR SALE:
The number of properties on the market and seeking buyers.
ending in the identified month.
Los Angeles County
Los Angeles County Macro
Mid Los Angeles
Rancho Palos Verdes
Tarzana
Bel Air - Holmby Hills
Mid Wilshire
Redondo Beach
Toluca Lake
Beverly Center - Miracle Mile
Pacific Palisades
Rolling Hills
Valley Village
Beverly Hills
Palms - Mar Vista
Rolling Hills Estates
Woodland Hills
Beverly Hills P.O.
Playa del Rey
San Pedro
San Gabriel Valley Macro
Beverlywood
Playa Vista
Torrance
Altadena
Brentwood
Santa Monica
San Fernando Macro
Arcadia
Cheviot Hills - Rancho Park
Sunset Strip - Hollywood Hills West
Burbank
Duarte
Culver City
Venice
Encino
Eagle Rock
Hancock Park - Wilshire
West Hollywood
Glendale
La Canada Flintridge
Hollywood
West Los Angeles
La Crescenta
Monrovia
Hollywood Hills East
Westchester
North Hollywood
Pasadena
Laurel Canyon
Westwood - Century City
Shadow Hills
San Gabriel
Los Feliz
South Bay Macro
Sherman Oaks
San Marino
Malibu
El Segundo
Studio City
Sierra Madre
Malibu Beach
Manhattan Beach
Sun Valley
South Pasadena
Marina del Rey
Palos Verdes Estates
Sunland - Tujunga
Micro Market Report : October 2014
telesproperties.com
County: LOS ANGELES Area: 4,752 SQ MILES Founded: 1850
Micro Market Report : October 2014
telesproperties.com
Los Angeles County DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$839,500
$907,000
$952,900
$930,000
10.8%
Average Price per Square Foot ...........................
$590
$614
$627
$635
7.6%
Properties Sold .......................................................
804
679
858
789
-1.9%
Properties Pending Sale .......................................
824
826
839
828
0.5%
Properties For Sale ................................................
3,892
3,606
4,087
3,987
2.4%
Days on Market (Pending Sale) ...........................
51
47
47
54
5.9%
Month’s Supply of Inventory ................................
4.8
5.3
4.8
5.1
4.4%
Percent Under Contract ........................................
21.2%
22.9%
20.5%
20.8%
-1.9%
Average Median Price for Last 12 Months ........
$767,000
$933,067
$907,500
$896,204
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$839
NOV
$930,000
DEC JAN
MEDIAN SALES PRICE
FEB
$635
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Bel-Air Holmby Hills DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,414,000
$7,400,000
$2,058,000
$2,011,100
-16.7%
Average Price per Square Foot ...........................
$830
$969
$838
$694
-16.4%
Properties Sold .......................................................
25
3
13
10
-60.0%
Properties Pending Sale .......................................
18
9
8
24
33.3%
Properties For Sale ................................................
133
107
119
137
3.0%
Days on Market (Pending Sale) ...........................
73
136
44
67
-8.2%
Month’s Supply of Inventory ................................
5.3
35.7
9.2
13.7
157.5%
Percent Under Contract ........................................
13.5%
8.4%
6.7%
17.5%
29.4%
Average Median Price for Last 12 Months ........
$1,985,000
$2,471,399
$2,353,867
$2,631,953
24.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.414
NOV
$2,011,100
DEC JAN
MEDIAN SALES PRICE
FEB
$694
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
13.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.011 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,431,250
$1,265,000
$1,314,500
$1,250,000
-12.7%
Average Price per Square Foot ...........................
$647
$623
$645
$612
-5.4%
Properties Sold .......................................................
22
13
17
20
-9.1%
Properties Pending Sale .......................................
10
15
19
13
30.0%
Properties For Sale ................................................
53
58
75
61
15.1%
Days on Market (Pending Sale) ...........................
22
51
35
65
195.5%
Month’s Supply of Inventory ................................
2.4
4.5
4.4
3
26.6%
Percent Under Contract ........................................
18.9%
25.9%
25.3%
21.3%
13.0%
Average Median Price for Last 12 Months ........
$1,120,000
$1,346,458
$1,368,417
$1,343,750
16.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.431
NOV
$1,250,000
DEC JAN
MEDIAN SALES PRICE
FEB
$612
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Beverly Hills DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$6,000,000
$4,157,000
$3,050,000
$2,997,500
-50.0%
Average Price per Square Foot ...........................
$1,298
$1,145
$1,070
$1,156
-10.9%
Properties Sold .......................................................
13
18
11
14
7.7%
Properties Pending Sale .......................................
20
12
14
14
-30.0%
Properties For Sale ................................................
117
90
95
102
-12.8%
Days on Market (Pending Sale) ...........................
112
26
46
121
8.0%
Month’s Supply of Inventory ................................
9
5
8.6
7.3
-19.0%
Percent Under Contract ........................................
17.1%
13.3%
14.7%
13.7%
-19.7%
Average Median Price for Last 12 Months ........
$4,459,000
$3,762,500
$3,460,000
$4,553,685
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $6.000
OCT NOV
$2,997,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,156
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.997 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Beverly Hills- Post Office DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,340,000
$2,740,000
$2,960,000
$2,275,000
-2.8%
Average Price per Square Foot ...........................
$831
$801
$916
$811
-2.4%
Properties Sold .......................................................
13
16
12
17
30.8%
Properties Pending Sale .......................................
13
11
15
14
7.7%
Properties For Sale ................................................
132
121
132
143
8.3%
Days on Market (Pending Sale) ...........................
48
62
93
81
68.8%
Month’s Supply of Inventory ................................
10.2
7.6
11
8.4
-17.2%
Percent Under Contract ........................................
9.8%
9.1%
11.4%
9.8%
-0.6%
Average Median Price for Last 12 Months ........
$2,022,000
$2,556,667
$2,911,667
$2,398,962
15.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.340
NOV
$2,275,000
DEC JAN
MEDIAN SALES PRICE
FEB
$811
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.275 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Beverlywood DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$985,000
$1,107,500
$1,029,000
$930,500
-5.5%
Average Price per Square Foot ...........................
$569
$616
$580
$584
2.6%
Properties Sold .......................................................
14
20
19
22
57.1%
Properties Pending Sale .......................................
14
16
21
7
-50.0%
Properties For Sale ................................................
54
55
67
46
-14.8%
Days on Market (Pending Sale) ...........................
29
52
46
50
72.4%
Month’s Supply of Inventory ................................
3.9
2.8
3.5
2.1
-45.8%
Percent Under Contract ........................................
25.9%
29.1%
31.3%
15.2%
-41.3%
Average Median Price for Last 12 Months ........
$829,000
$995,000
$1,031,833
$986,731
16.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$985
NOV
$930,500
DEC JAN
MEDIAN SALES PRICE
FEB
$584
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$930 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Brentwood DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,538,000
$2,575,000
$2,717,500
$2,989,500
17.8%
Average Price per Square Foot ...........................
$848
$986
$909
$1,013
19.5%
Properties Sold .......................................................
13
13
20
22
69.2%
Properties Pending Sale .......................................
21
17
19
29
38.1%
Properties For Sale ................................................
122
112
108
126
3.3%
Days on Market (Pending Sale) ...........................
73
63
56
44
-39.7%
Month’s Supply of Inventory ................................
9.4
8.6
5.4
5.7
-39.0%
Percent Under Contract ........................................
17.2%
15.2%
17.6%
23.0%
33.7%
Average Median Price for Last 12 Months ........
$2,224,000
$2,859,167
$2,847,000
$2,748,714
19.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.538
NOV
$2,989,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,013
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.989 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Cheviot Hills - Rancho Park DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,577,500
$1,285,000
$1,395,000
$1,820,000
15.4%
Average Price per Square Foot ...........................
$733
$621
$746
$728
-0.7%
Properties Sold .......................................................
6
7
7
7
16.7%
Properties Pending Sale .......................................
5
7
9
5
0.0%
Properties For Sale ................................................
16
18
27
23
43.8%
Days on Market (Pending Sale) ...........................
19
22
26
15
-21.1%
Month’s Supply of Inventory ................................
2.7
2.6
3.9
3.3
23.2%
Percent Under Contract ........................................
31.2%
38.9%
33.3%
21.7%
-30.4%
Average Median Price for Last 12 Months ........
$1,365,000
$1,640,500
$1,730,167
$1,613,223
15.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.577
NOV
$1,820,000
DEC JAN
MEDIAN SALES PRICE
FEB
$728
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Culver City DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$830,000
$902,000
$893,250
$808,000
-2.7%
Average Price per Square Foot ...........................
$585
$597
$596
$592
1.2%
Properties Sold .......................................................
12
22
16
22
83.3%
Properties Pending Sale .......................................
12
12
16
17
41.7%
Properties For Sale ................................................
36
34
53
45
25.0%
Days on Market (Pending Sale) ...........................
35
14
20
43
22.9%
Month’s Supply of Inventory ................................
3
1.5
3.3
2
-31.8%
Percent Under Contract ........................................
33.3%
35.3%
30.2%
37.8%
13.3%
Average Median Price for Last 12 Months ........
$759,000
$838,633
$816,183
$817,658
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$830
NOV
$808,000
DEC JAN
MEDIAN SALES PRICE
FEB
$592
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$808 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Hancock Park - Wilshire DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,427,500
$1,215,000
$1,625,000
$1,335,000
-6.5%
Average Price per Square Foot ...........................
$648
$580
$661
$611
-5.7%
Properties Sold .......................................................
29
19
26
21
-27.6%
Properties Pending Sale .......................................
24
26
29
25
4.2%
Properties For Sale ................................................
108
108
116
107
-0.9%
Days on Market (Pending Sale) ...........................
41
43
52
52
26.8%
Month’s Supply of Inventory ................................
3.7
5.7
4.5
5.1
36.8%
Percent Under Contract ........................................
22.2%
24.1%
25.0%
23.4%
5.1%
Average Median Price for Last 12 Months ........
$1,157,000
$1,343,708
$1,319,667
$1,365,304
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.427
NOV
$1,335,000
DEC JAN
MEDIAN SALES PRICE
FEB
$611
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.335 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Hollywood DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$532,500
$857,500
$687,000
$917,000
72.2%
Average Price per Square Foot ...........................
$368
$545
$457
$532
44.6%
Properties Sold .......................................................
4
4
6
9
125.0%
Properties Pending Sale .......................................
5
5
5
7
40.0%
Properties For Sale ................................................
20
29
21
28
40.0%
Days on Market (Pending Sale) ...........................
80
53
14
30
-62.5%
Month’s Supply of Inventory ................................
5
7.2
3.5
3.1
-37.8%
Percent Under Contract ........................................
25.0%
17.2%
23.8%
25.0%
0.0%
Average Median Price for Last 12 Months ........
$688,000
$880,102
$753,667
$879,843
21.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$532
NOV
$917,000
DEC JAN
MEDIAN SALES PRICE
FEB
$532
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$917 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Hollywood Hills East DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,071,250
$1,143,500
$1,134,000
$1,138,750
6.3%
Average Price per Square Foot ...........................
$483
$527
$512
$609
26.1%
Properties Sold .......................................................
18
8
18
12
-33.3%
Properties Pending Sale .......................................
17
10
9
11
-35.3%
Properties For Sale ................................................
63
61
69
60
-4.8%
Days on Market (Pending Sale) ...........................
44
62
79
44
0.0%
Month’s Supply of Inventory ................................
3.7
6.1
7.7
5
34.9%
Percent Under Contract ........................................
27.0%
16.4%
13.0%
18.3%
-32.1%
Average Median Price for Last 12 Months ........
$994,000
$1,117,558
$1,168,233
$1,185,315
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.071
NOV
$1,138,750
DEC JAN
MEDIAN SALES PRICE
FEB
$609
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.138 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Laurel Canyon DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,275,000
$1,290,000
$1,428,000
$1,465,000
14.9%
Average Price per Square Foot ...........................
$596
$805
$727
$794
33.2%
Properties Sold .......................................................
23
20
33
27
17.4%
Properties Pending Sale .......................................
25
32
24
26
4.0%
Properties For Sale ................................................
141
142
147
138
-2.1%
Days on Market (Pending Sale) ...........................
50
55
49
48
-4.0%
Month’s Supply of Inventory ................................
5.6
4.4
6.1
5.1
-9.4%
Percent Under Contract ........................................
17.7%
22.5%
16.3%
18.8%
6.3%
Average Median Price for Last 12 Months ........
$1,215,000
$1,380,500
$1,438,333
$1,355,996
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.275
NOV
$1,465,000
DEC JAN
MEDIAN SALES PRICE
FEB
$794
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.465 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Los Feliz DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,739,000
$1,592,500
$1,250,000
$1,600,000
-8.0%
Average Price per Square Foot ...........................
$695
$639
$603
$615
-11.5%
Properties Sold .......................................................
17
16
21
11
-35.3%
Properties Pending Sale .......................................
19
23
24
19
0.0%
Properties For Sale ................................................
72
91
99
68
-5.6%
Days on Market (Pending Sale) ...........................
32
28
35
60
87.5%
Month’s Supply of Inventory ................................
3.8
4
4.1
6.2
63.1%
Percent Under Contract ........................................
26.4%
25.3%
24.2%
27.9%
5.9%
Average Median Price for Last 12 Months ........
$1,148,000
$1,307,833
$1,368,167
$1,317,885
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.739
NOV
$1,600,000
DEC JAN
MEDIAN SALES PRICE
FEB
$615
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.600 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Malibu DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,348,750
$2,200,000
$2,665,000
$2,852,500
21.4%
Average Price per Square Foot ...........................
$778
$649
$809
$836
7.5%
Properties Sold .......................................................
18
15
18
14
-22.2%
Properties Pending Sale .......................................
15
12
13
16
6.7%
Properties For Sale ................................................
201
193
220
201
0.0%
Days on Market (Pending Sale) ...........................
109
104
185
142
30.3%
Month’s Supply of Inventory ................................
11.2
12.9
12.2
14.4
28.6%
Percent Under Contract ........................................
7.5%
6.2%
5.9%
8.0%
6.7%
Average Median Price for Last 12 Months ........
$1,866,000
$2,602,917
$2,659,167
$2,427,747
23.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.348
NOV
$2,852,500
DEC JAN
MEDIAN SALES PRICE
FEB
$836
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
14.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.852 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Malibu Beach DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$14,700,000
$3,595,125
$4,845,000
$13,325,000
-9.4%
Average Price per Square Foot ...........................
$2,746
$1,193
$1,640
$2,419
-11.9%
Properties Sold .......................................................
1
2
2
2
100.0%
Properties Pending Sale .......................................
2
2
5
3
50.0%
Properties For Sale ................................................
78
78
85
73
-6.4%
Days on Market (Pending Sale) ...........................
148
75
72
130
-12.2%
Month’s Supply of Inventory ................................
78
39
42.5
36.5
-53.2%
Percent Under Contract ........................................
2.6%
2.6%
5.9%
4.1%
60.3%
Average Median Price for Last 12 Months ........
$6,657,000
$7,927,083
$9,062,500
$7,149,529
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$14.700
NOV
$13,325,000
DEC JAN
MEDIAN SALES PRICE
FEB
$2,419
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
36.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$13.325 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Marina Del Rey DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,225,000
$1,260,000
$0
$780,000
-36.3%
Average Price per Square Foot ...........................
$729
$554
$0
$547
-25.0%
Properties Sold .......................................................
4
8
0
5
25.0%
Properties Pending Sale .......................................
2
6
3
5
150.0%
Properties For Sale ................................................
24
23
27
25
4.2%
Days on Market (Pending Sale) ...........................
38
44
22
30
-21.1%
Month’s Supply of Inventory ................................
6
2.9
0
5
-16.7%
Percent Under Contract ........................................
8.3%
26.1%
11.1%
20.0%
140.0%
Average Median Price for Last 12 Months ........
$1,543,000
$1,748,700
$1,309,167
$1,653,208
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.225
OCT NOV
$780,000
DEC JAN
MEDIAN SALES PRICE
FEB
$547
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Mid Los Angeles DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$380,000
$526,000
$525,000
$548,600
44.4%
Average Price per Square Foot ...........................
$289
$325
$297
$371
28.4%
Properties Sold .......................................................
23
15
15
22
-4.3%
Properties Pending Sale .......................................
20
25
15
16
-20.0%
Properties For Sale ................................................
86
64
67
70
-18.6%
Days on Market (Pending Sale) ...........................
50
49
37
52
4.0%
Month’s Supply of Inventory ................................
3.7
4.3
4.5
3.2
-14.9%
Percent Under Contract ........................................
23.3%
39.1%
22.4%
22.9%
-1.7%
Average Median Price for Last 12 Months ........
$415,000
$576,267
$574,200
$518,205
19.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$380
NOV
$548,600
DEC JAN
MEDIAN SALES PRICE
FEB
$371
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$548 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Mid Wilshire DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$644,500
$747,000
$610,000
$540,000
-16.2%
Average Price per Square Foot ...........................
$330
$330
$305
$394
19.4%
Properties Sold .......................................................
4
2
3
3
-25.0%
Properties Pending Sale .......................................
3
4
0
2
-33.3%
Properties For Sale ................................................
14
18
15
15
7.1%
Days on Market (Pending Sale) ...........................
22
56
0
15
-31.8%
Month’s Supply of Inventory ................................
3.5
9
5
5
42.9%
Percent Under Contract ........................................
21.4%
22.2%
0.0%
13.3%
-37.8%
Average Median Price for Last 12 Months ........
$478,000
$640,250
$647,167
$635,227
24.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $644
OCT NOV
$540,000
DEC JAN
MEDIAN SALES PRICE
FEB
$394
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$540 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Pacific Palisades DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,577,302
$2,472,500
$2,862,467
$2,200,000
-14.6%
Average Price per Square Foot ...........................
$910
$886
$905
$733
-19.5%
Properties Sold .......................................................
24
24
45
22
-8.3%
Properties Pending Sale .......................................
25
33
25
24
-4.0%
Properties For Sale ................................................
129
118
124
121
-6.2%
Days on Market (Pending Sale) ...........................
58
68
28
42
-27.6%
Month’s Supply of Inventory ................................
5.4
4.9
2.8
5.5
2.3%
Percent Under Contract ........................................
19.4%
28.0%
20.2%
19.8%
2.3%
Average Median Price for Last 12 Months ........
$2,231,000
$2,542,911
$2,278,333
$2,589,559
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.577
NOV
$2,200,000
DEC JAN
MEDIAN SALES PRICE
FEB
$733
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Palms - Mar Vista DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$992,551
$1,125,000
$967,000
$1,175,000
18.4%
Average Price per Square Foot ...........................
$593
$653
$687
$627
5.7%
Properties Sold .......................................................
34
25
34
31
-8.8%
Properties Pending Sale .......................................
35
23
24
27
-22.9%
Properties For Sale ................................................
84
62
90
80
-4.8%
Days on Market (Pending Sale) ...........................
35
23
32
61
74.3%
Month’s Supply of Inventory ................................
2.5
2.5
2.6
2.6
4.5%
Percent Under Contract ........................................
41.7%
37.1%
26.7%
33.8%
-19.0%
Average Median Price for Last 12 Months ........
$871,000
$1,021,500
$1,035,667
$1,046,927
16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$992
NOV
$1,175,000
DEC JAN
MEDIAN SALES PRICE
FEB
$627
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.175 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Playa Del Rey DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,300,000
$1,778,000
$1,260,000
$1,252,000
-3.7%
Average Price per Square Foot ...........................
$405
$492
$532
$572
41.2%
Properties Sold .......................................................
3
4
3
4
33.3%
Properties Pending Sale .......................................
6
4
3
2
-66.7%
Properties For Sale ................................................
16
16
16
22
37.5%
Days on Market (Pending Sale) ...........................
87
22
51
134
54.0%
Month’s Supply of Inventory ................................
5.3
4
5.3
5.5
3.1%
Percent Under Contract ........................................
37.5%
25.0%
18.8%
9.1%
-75.8%
Average Median Price for Last 12 Months ........
$1,200,000
$1,214,750
$1,279,333
$1,225,866
2.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.300
NOV
$1,252,000
DEC JAN
MEDIAN SALES PRICE
FEB
$572
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.252 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Playa Vista DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$0
$1,000,000
$829,000
$1,220,750
0%
Average Price per Square Foot ...........................
$0
$363
$549
$485
0%
Properties Sold .......................................................
0
1
1
2
0%
Properties Pending Sale .......................................
0
1
2
1
0%
Properties For Sale ................................................
6
6
6
6
0.0%
Days on Market (Pending Sale) ...........................
0
87
27
9
0%
Month’s Supply of Inventory ................................
0
6
6
3
0%
Percent Under Contract ........................................
0.0%
16.7%
33.3%
16.7%
0%
Average Median Price for Last 12 Months ........
$1,220,000
$1,206,850
$1,321,083
$1,203,656
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT NOV
$1,220,750
DEC JAN
MEDIAN SALES PRICE
FEB
$485
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.220 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Santa Monica DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,765,000
$2,225,000
$1,682,500
$2,225,000
26.1%
Average Price per Square Foot ...........................
$960
$927
$902
$932
-2.9%
Properties Sold .......................................................
19
20
28
29
52.6%
Properties Pending Sale .......................................
22
22
25
22
0.0%
Properties For Sale ................................................
89
82
90
83
-6.7%
Days on Market (Pending Sale) ...........................
40
47
40
54
35.0%
Month’s Supply of Inventory ................................
4.7
4.1
3.2
2.9
-38.9%
Percent Under Contract ........................................
24.7%
26.8%
27.8%
26.5%
7.2%
Average Median Price for Last 12 Months ........
$1,996,000
$1,935,875
$2,065,917
$1,915,192
-4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.765
NOV
$2,225,000
DEC JAN
MEDIAN SALES PRICE
FEB
$932
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.225 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Sunset Strip - Hollywood Hills West DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,323,500
$1,642,500
$1,925,000
$2,050,525
54.9%
Average Price per Square Foot ...........................
$715
$893
$773
$871
21.8%
Properties Sold .......................................................
34
33
46
36
5.9%
Properties Pending Sale .......................................
37
41
26
40
8.1%
Properties For Sale ................................................
277
245
263
279
0.7%
Days on Market (Pending Sale) ...........................
56
75
61
77
37.5%
Month’s Supply of Inventory ................................
8.1
7.4
5.7
7.8
-4.9%
Percent Under Contract ........................................
13.4%
16.7%
9.9%
14.3%
7.3%
Average Median Price for Last 12 Months ........
$1,463,000
$1,876,381
$1,943,508
$1,690,559
13.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.323
NOV
$2,050,525
DEC JAN
MEDIAN SALES PRICE
FEB
$871
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Venice DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,375,000
$1,722,000
$1,750,000
$1,441,375
4.8%
Average Price per Square Foot ...........................
$866
$727
$981
$1,062
22.6%
Properties Sold .......................................................
18
8
22
18
0.0%
Properties Pending Sale .......................................
24
22
18
23
-4.2%
Properties For Sale ................................................
70
55
62
68
-2.9%
Days on Market (Pending Sale) ...........................
42
34
37
51
21.4%
Month’s Supply of Inventory ................................
3.9
6.9
2.8
3.8
-2.9%
Percent Under Contract ........................................
34.3%
40.0%
29.0%
33.8%
-1.3%
Average Median Price for Last 12 Months ........
$1,350,000
$1,590,646
$1,547,125
$1,522,052
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.375
NOV
$1,441,375
DEC JAN
MEDIAN SALES PRICE
FEB
$1,062
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.441 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
West Hollywood DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,325,000
$1,376,130
$943,000
$1,250,000
-5.7%
Average Price per Square Foot ...........................
$622
$921
$881
$968
55.6%
Properties Sold .......................................................
13
10
10
7
-46.2%
Properties Pending Sale .......................................
12
11
14
12
0.0%
Properties For Sale ................................................
57
43
58
52
-8.8%
Days on Market (Pending Sale) ...........................
48
29
20
56
16.7%
Month’s Supply of Inventory ................................
4.4
4.3
5.8
7.4
69.4%
Percent Under Contract ........................................
21.1%
25.6%
24.1%
23.1%
9.6%
Average Median Price for Last 12 Months ........
$1,161,000
$1,239,511
$1,357,708
$1,205,371
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.325
NOV
$1,250,000
DEC JAN
MEDIAN SALES PRICE
FEB
$968
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.250 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
West Los Angeles DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$724,250
$891,000
$810,000
$959,000
32.4%
Average Price per Square Foot ...........................
$559
$602
$714
$600
7.3%
Properties Sold .......................................................
8
8
7
13
62.5%
Properties Pending Sale .......................................
8
11
7
12
50.0%
Properties For Sale ................................................
26
30
33
35
34.6%
Days on Market (Pending Sale) ...........................
64
47
46
35
-45.3%
Month’s Supply of Inventory ................................
3.2
3.8
4.7
2.7
-17.2%
Percent Under Contract ........................................
30.8%
36.7%
21.2%
34.3%
11.4%
Average Median Price for Last 12 Months ........
$740,000
$887,458
$910,500
$853,154
15.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$724
NOV
$959,000
DEC JAN
MEDIAN SALES PRICE
FEB
$600
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$959 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Westchester DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$752,500
$814,000
$814,000
$894,000
18.8%
Average Price per Square Foot ...........................
$451
$482
$494
$564
25.1%
Properties Sold .......................................................
24
17
33
19
-20.8%
Properties Pending Sale .......................................
28
16
27
21
-25.0%
Properties For Sale ................................................
56
63
81
70
25.0%
Days on Market (Pending Sale) ...........................
29
28
34
28
-3.4%
Month’s Supply of Inventory ................................
2.3
3.7
2.5
3.7
57.9%
Percent Under Contract ........................................
50.0%
25.4%
33.3%
30.0%
-40.0%
Average Median Price for Last 12 Months ........
$728,000
$829,917
$867,167
$834,308
14.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$752
NOV
$894,000
DEC JAN
MEDIAN SALES PRICE
FEB
$564
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$894 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Westwood - Century City DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,275,000
$1,615,000
$2,200,000
$1,684,000
32.1%
Average Price per Square Foot ...........................
$687
$701
$793
$796
15.9%
Properties Sold .......................................................
13
14
21
12
-7.7%
Properties Pending Sale .......................................
21
16
19
14
-33.3%
Properties For Sale ................................................
65
62
68
60
-7.7%
Days on Market (Pending Sale) ...........................
54
38
40
37
-31.5%
Month’s Supply of Inventory ................................
5
4.4
3.2
5
0.0%
Percent Under Contract ........................................
32.3%
25.8%
27.9%
23.3%
-27.8%
Average Median Price for Last 12 Months ........
$1,428,000
$1,841,083
$1,818,833
$1,729,962
21.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.275
NOV
$1,684,000
DEC JAN
MEDIAN SALES PRICE
FEB
$796
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.684 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
South Bay Macro Market DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,189,000
$1,276,222
$1,322,906
$1,132,766
-4.7%
Average Price per Square Foot ...........................
$555
$547
$539
$535
-3.6%
Properties Sold .......................................................
171
192
239
226
32.2%
Properties Pending Sale .......................................
177
208
206
217
22.6%
Properties For Sale ................................................
682
648
778
747
9.5%
Days on Market (Pending Sale) ...........................
56
44
36
60
8.4%
Month’s Supply of Inventory ................................
4
3.4
3.3
3.3
-17.1%
Percent Under Contract ........................................
26.0%
32.1%
26.5%
29.0%
11.9%
Average Median Price for Last 12 Months ........
$1,236,556
$1,372,542
$1,313,113
$1,357,423
9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.189
NOV
$1,132,766
DEC JAN
MEDIAN SALES PRICE
FEB
$535
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.132 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
El Segundo DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$827,000
$947,500
$950,000
$1,280,000
54.8%
Average Price per Square Foot ...........................
$509
$495
$426
$436
-14.3%
Properties Sold .......................................................
5
8
9
7
40.0%
Properties Pending Sale .......................................
5
6
8
7
40.0%
Properties For Sale ................................................
19
21
16
14
-26.3%
Days on Market (Pending Sale) ...........................
57
37
36
41
-28.1%
Month’s Supply of Inventory ................................
3.8
2.6
1.8
2
-47.4%
Percent Under Contract ........................................
26.3%
28.6%
50.0%
50.0%
90.0%
Average Median Price for Last 12 Months ........
$841,000
$947,583
$1,005,833
$893,904
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$827
NOV
$1,280,000
DEC JAN
MEDIAN SALES PRICE
FEB
$436
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.280 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Manhattan Beach DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,585,000
$1,837,500
$1,955,250
$2,115,000
33.4%
Average Price per Square Foot ...........................
$843
$843
$782
$822
-2.5%
Properties Sold .......................................................
25
42
31
35
40.0%
Properties Pending Sale .......................................
20
32
25
36
80.0%
Properties For Sale ................................................
75
95
89
83
10.7%
Days on Market (Pending Sale) ...........................
57
35
31
41
-28.1%
Month’s Supply of Inventory ................................
3
2.3
2.9
2.4
-21.0%
Percent Under Contract ........................................
26.7%
33.7%
28.1%
43.4%
62.7%
Average Median Price for Last 12 Months ........
$1,643,000
$1,954,625
$1,947,500
$1,886,635
14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.585
NOV
$2,115,000
DEC JAN
MEDIAN SALES PRICE
FEB
$822
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.115 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Palos Verdes Estates DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,464,000
$1,530,000
$1,650,000
$1,160,875
-20.7%
Average Price per Square Foot ...........................
$582
$600
$592
$717
23.2%
Properties Sold .......................................................
12
16
19
16
33.3%
Properties Pending Sale .......................................
16
12
19
16
0.0%
Properties For Sale ................................................
68
63
84
85
25.0%
Days on Market (Pending Sale) ...........................
110
70
38
116
5.5%
Month’s Supply of Inventory ................................
5.7
3.9
4.4
5.3
-6.2%
Percent Under Contract ........................................
23.5%
19.0%
22.6%
18.8%
-20.0%
Average Median Price for Last 12 Months ........
$1,556,000
$1,745,979
$1,961,958
$1,651,375
6.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.464
NOV
$1,160,875
DEC JAN
MEDIAN SALES PRICE
FEB
$717
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Rancho Palos Verdes DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,028,000
$1,045,000
$1,094,400
$1,120,000
8.9%
Average Price per Square Foot ...........................
$471
$523
$518
$495
5.1%
Properties Sold .......................................................
26
24
48
34
30.8%
Properties Pending Sale .......................................
26
30
43
31
19.2%
Properties For Sale ................................................
117
112
165
137
17.1%
Days on Market (Pending Sale) ...........................
81
44
55
58
-28.4%
Month’s Supply of Inventory ................................
4.5
4.7
3.4
4
-10.5%
Percent Under Contract ........................................
22.2%
26.8%
26.1%
22.6%
1.8%
Average Median Price for Last 12 Months ........
$1,052,000
$1,182,650
$1,144,500
$1,160,685
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.028
NOV
$1,120,000
DEC JAN
MEDIAN SALES PRICE
FEB
$495
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.120 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Redondo Beach DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$847,000
$900,000
$1,019,000
$955,000
12.8%
Average Price per Square Foot ...........................
$496
$558
$539
$580
16.9%
Properties Sold .......................................................
22
29
38
44
100.0%
Properties Pending Sale .......................................
28
31
27
31
10.7%
Properties For Sale ................................................
92
79
97
93
1.1%
Days on Market (Pending Sale) ...........................
36
35
36
58
61.1%
Month’s Supply of Inventory ................................
4.2
2.7
2.6
2.1
-49.5%
Percent Under Contract ........................................
30.4%
39.2%
27.8%
33.3%
9.5%
Average Median Price for Last 12 Months ........
$831,000
$940,473
$967,917
$890,757
7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$847
NOV
$955,000
DEC JAN
MEDIAN SALES PRICE
FEB
$580
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$955 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Rolling Hills DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,525,000
$2,925,000
$2,785,000
$0
-100.0%
Average Price per Square Foot ...........................
$834
$683
$638
$0
-100.0%
Properties Sold .......................................................
3
3
3
0
-100.0%
Properties Pending Sale .......................................
2
1
2
2
0.0%
Properties For Sale ................................................
19
21
23
23
21.1%
Days on Market (Pending Sale) ...........................
16
32
7
74
362.5%
Month’s Supply of Inventory ................................
6.3
7
7.7
0
0%
Percent Under Contract ........................................
10.5%
4.8%
8.7%
8.7%
-17.4%
Average Median Price for Last 12 Months ........
$2,783,000
$3,385,880
$2,990,450
$3,283,822
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.525
NOV
No sales
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
No sales MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Rolling Hills Estates DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,210,000
$1,182,000
$1,300,000
$1,302,500
7.6%
Average Price per Square Foot ...........................
$507
$480
$573
$521
2.8%
Properties Sold .......................................................
8
6
15
8
0.0%
Properties Pending Sale .......................................
1
11
6
8
700.0%
Properties For Sale ................................................
12
26
33
29
141.7%
Days on Market (Pending Sale) ...........................
44
40
32
60
36.4%
Month’s Supply of Inventory ................................
1.5
4.3
2.2
3.6
141.7%
Percent Under Contract ........................................
8.3%
42.3%
18.2%
27.6%
231.0%
Average Median Price for Last 12 Months ........
$1,334,000
$1,364,792
$1,194,583
$1,281,981
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.210
NOV
$1,302,500
DEC JAN
MEDIAN SALES PRICE
FEB
$521
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.302 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
San Pedro DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$485,000
$490,000
$522,500
$495,000
2.1%
Average Price per Square Foot ...........................
$357
$331
$365
$313
-12.3%
Properties Sold .......................................................
31
23
24
28
-9.7%
Properties Pending Sale .......................................
29
31
23
34
17.2%
Properties For Sale ................................................
135
113
117
137
1.5%
Days on Market (Pending Sale) ...........................
46
74
53
48
4.3%
Month’s Supply of Inventory ................................
4.4
4.9
4.9
4.9
12.4%
Percent Under Contract ........................................
21.5%
27.4%
19.7%
24.8%
15.5%
Average Median Price for Last 12 Months ........
$475,000
$546,083
$554,667
$520,269
9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$485
NOV
$495,000
DEC JAN
MEDIAN SALES PRICE
FEB
$313
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$495 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Torrance DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$730,000
$629,000
$630,000
$633,750
-13.2%
Average Price per Square Foot ...........................
$398
$409
$422
$398
0.0%
Properties Sold .......................................................
39
41
52
54
38.5%
Properties Pending Sale .......................................
50
54
53
52
4.0%
Properties For Sale ................................................
145
118
154
146
0.7%
Days on Market (Pending Sale) ...........................
53
29
37
46
-13.2%
Month’s Supply of Inventory ................................
3.7
2.9
3
2.7
-27.3%
Percent Under Contract ........................................
34.5%
45.8%
34.4%
35.6%
3.3%
Average Median Price for Last 12 Months ........
$614,000
$660,333
$669,833
$647,385
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $730
OCT NOV
$633,750
DEC JAN
MEDIAN SALES PRICE
FEB
$398
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$633 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
San Fernando Valley Macro Market DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$732,286
$790,714
$803,357
$747,357
2.1%
Average Price per Square Foot ...........................
$372
$384
$396
$393
5.7%
Properties Sold .......................................................
447
448
461
451
0.9%
Properties Pending Sale .......................................
520
490
479
526
1.2%
Properties For Sale ................................................
1,077
996
1,202
1,155
7.2%
Days on Market (Pending Sale) ...........................
54
58
52
69
26.3%
Month’s Supply of Inventory ................................
2.4
2.2
2.6
2.6
6.3%
Percent Under Contract ........................................
48.3%
49.2%
39.9%
45.5%
-5.7%
Average Median Price for Last 12 Months ........
$666,313
$774,702
$752,119
$753,797
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$732
NOV
$747,357
DEC JAN
MEDIAN SALES PRICE
FEB
$393
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$747 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Burbank DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$625,000
$610,000
$688,000
$650,000
4.0%
Average Price per Square Foot ...........................
$395
$373
$413
$447
13.2%
Properties Sold .......................................................
60
52
57
40
-33.3%
Properties Pending Sale .......................................
56
49
51
51
-8.9%
Properties For Sale ................................................
93
62
85
89
-4.3%
Days on Market (Pending Sale) ...........................
40
46
38
49
22.5%
Month’s Supply of Inventory ................................
1.6
1.2
1.5
2.2
43.5%
Percent Under Contract ........................................
60.2%
79.0%
60.0%
57.3%
-4.8%
Average Median Price for Last 12 Months ........
$568,538
$656,833
$649,667
$637,154
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$625
NOV
$650,000
DEC JAN
MEDIAN SALES PRICE
FEB
$447
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Encino DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,248,000
$985,000
$1,099,000
$1,024,000
-17.9%
Average Price per Square Foot ...........................
$447
$416
$492
$466
4.3%
Properties Sold .......................................................
36
41
41
41
13.9%
Properties Pending Sale .......................................
44
51
40
56
27.3%
Properties For Sale ................................................
113
110
112
106
-6.2%
Days on Market (Pending Sale) ...........................
50
44
61
57
14.0%
Month’s Supply of Inventory ................................
3.1
2.7
2.7
2.6
-17.6%
Percent Under Contract ........................................
38.9%
46.4%
35.7%
52.8%
35.7%
Average Median Price for Last 12 Months ........
$859,846
$1,059,000
$1,073,333
$1,039,308
20.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.248
NOV
$1,024,000
DEC JAN
MEDIAN SALES PRICE
FEB
$466
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.024 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Glendale DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$619,000
$708,000
$725,000
$725,000
17.1%
Average Price per Square Foot ...........................
$393
$394
$406
$414
5.3%
Properties Sold .......................................................
36
50
64
56
55.6%
Properties Pending Sale .......................................
54
58
61
73
35.2%
Properties For Sale ................................................
126
108
121
134
6.3%
Days on Market (Pending Sale) ...........................
33
60
46
45
36.4%
Month’s Supply of Inventory ................................
3.5
2.2
1.9
2.4
-31.6%
Percent Under Contract ........................................
42.9%
53.7%
50.4%
54.5%
27.1%
Average Median Price for Last 12 Months ........
$644,462
$747,000
$748,667
$722,385
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$619
NOV
$725,000
DEC JAN
MEDIAN SALES PRICE
FEB
$414
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
La Crescenta DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$650,000
$749,000
$759,000
$680,000
4.6%
Average Price per Square Foot ...........................
$410
$399
$406
$412
0.5%
Properties Sold .......................................................
27
18
19
25
-7.4%
Properties Pending Sale .......................................
27
22
30
23
-14.8%
Properties For Sale ................................................
29
38
48
32
10.3%
Days on Market (Pending Sale) ...........................
52
45
47
61
17.3%
Month’s Supply of Inventory ................................
1.1
2.1
2.5
1.3
19.2%
Percent Under Contract ........................................
93.1%
57.9%
62.5%
71.9%
-22.8%
Average Median Price for Last 12 Months ........
$623,385
$722,333
$716,000
$693,231
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$650
NOV
$680,000
DEC JAN
MEDIAN SALES PRICE
FEB
$412
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
North Hollywood DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$380,000
$448,000
$470,000
$450,000
18.4%
Average Price per Square Foot ...........................
$285
$337
$323
$316
10.9%
Properties Sold .......................................................
37
42
30
27
-27.0%
Properties Pending Sale .......................................
61
49
36
45
-26.2%
Properties For Sale ................................................
77
69
83
85
10.4%
Days on Market (Pending Sale) ...........................
48
61
40
62
29.2%
Month’s Supply of Inventory ................................
2.1
1.6
2.8
3.1
51.3%
Percent Under Contract ........................................
79.2%
71.0%
43.4%
52.9%
-33.2%
Average Median Price for Last 12 Months ........
$367,923
$447,833
$455,667
$431,538
17.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$380
NOV
$450,000
DEC JAN
MEDIAN SALES PRICE
FEB
$316
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$450 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Shadow Hills DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$633,000
$813,000
$873,000
$595,000
-6.0%
Average Price per Square Foot ...........................
$246
$267
$282
$293
19.1%
Properties Sold .......................................................
2
2
4
2
0.0%
Properties Pending Sale .......................................
2
2
3
3
50.0%
Properties For Sale ................................................
16
10
13
15
-6.2%
Days on Market (Pending Sale) ...........................
35
51
41
165
371.4%
Month’s Supply of Inventory ................................
8
5
3.2
7.5
-6.2%
Percent Under Contract ........................................
12.5%
20.0%
23.1%
20.0%
60.0%
Average Median Price for Last 12 Months ........
$635,462
$690,500
$676,667
$724,538
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$633
NOV
$595,000
DEC JAN
MEDIAN SALES PRICE
FEB
$293
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$595 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Sherman Oaks DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$825,000
$938,000
$957,000
$833,000
1.0%
Average Price per Square Foot ...........................
$437
$449
$467
$443
1.4%
Properties Sold .......................................................
57
59
56
62
8.8%
Properties Pending Sale .......................................
59
72
71
68
15.3%
Properties For Sale ................................................
151
125
168
148
-2.0%
Days on Market (Pending Sale) ...........................
50
57
45
49
-2.0%
Month’s Supply of Inventory ................................
2.6
2.1
3
2.4
-9.9%
Percent Under Contract ........................................
39.1%
57.6%
42.3%
45.9%
17.6%
Average Median Price for Last 12 Months ........
$766,615
$905,000
$862,667
$888,154
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$825
NOV
$833,000
DEC JAN
MEDIAN SALES PRICE
FEB
$443
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$833 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Studio City DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$990,000
$1,270,000
$1,245,000
$1,160,000
17.2%
Average Price per Square Foot ...........................
$489
$527
$545
$512
4.7%
Properties Sold .......................................................
28
24
36
39
39.3%
Properties Pending Sale .......................................
39
32
35
33
-15.4%
Properties For Sale ................................................
89
91
91
74
-16.9%
Days on Market (Pending Sale) ...........................
72
60
57
84
16.7%
Month’s Supply of Inventory ................................
3.2
3.8
2.5
1.9
-40.3%
Percent Under Contract ........................................
43.8%
35.2%
38.5%
44.6%
1.8%
Average Median Price for Last 12 Months ........
$938,462
$1,170,833
$1,128,333
$1,137,231
21.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$990
NOV
$1,160,000
DEC JAN
MEDIAN SALES PRICE
FEB
$512
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.160 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Sun Valley DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$378,000
$379,000
$380,000
$380,000
0.5%
Average Price per Square Foot ...........................
$254
$285
$273
$324
27.6%
Properties Sold .......................................................
24
19
20
19
-20.8%
Properties Pending Sale .......................................
26
19
13
22
-15.4%
Properties For Sale ................................................
46
34
35
44
-4.3%
Days on Market (Pending Sale) ...........................
62
74
40
57
-8.1%
Month’s Supply of Inventory ................................
1.9
1.8
1.8
2.3
20.8%
Percent Under Contract ........................................
56.5%
55.9%
37.1%
50.0%
-11.5%
Average Median Price for Last 12 Months ........
$367,385
$389,000
$401,000
$387,769
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$378
NOV
$380,000
DEC JAN
MEDIAN SALES PRICE
FEB
$324
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$380 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Sunland/Tujunga DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$425,000
$467,000
$445,000
$485,000
14.1%
Average Price per Square Foot ...........................
$313
$308
$322
$310
-1.0%
Properties Sold .......................................................
37
32
35
39
5.4%
Properties Pending Sale .......................................
42
37
39
46
9.5%
Properties For Sale ................................................
72
78
91
77
6.9%
Days on Market (Pending Sale) ...........................
48
46
55
55
14.6%
Month’s Supply of Inventory ................................
1.9
2.4
2.6
2
1.5%
Percent Under Contract ........................................
58.3%
47.4%
42.9%
59.7%
2.4%
Average Median Price for Last 12 Months ........
$378,615
$468,667
$493,333
$448,231
18.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$425
NOV
$485,000
DEC JAN
MEDIAN SALES PRICE
FEB
$310
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$485 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Tarzana DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$833,000
$1,046,000
$985,000
$890,000
6.8%
Average Price per Square Foot ...........................
$331
$328
$348
$361
9.1%
Properties Sold .......................................................
26
30
26
22
-15.4%
Properties Pending Sale .......................................
29
19
22
26
-10.3%
Properties For Sale ................................................
70
75
108
103
47.1%
Days on Market (Pending Sale) ...........................
49
77
59
73
49.0%
Month’s Supply of Inventory ................................
2.7
2.5
4.2
4.7
73.9%
Percent Under Contract ........................................
41.4%
25.3%
20.4%
25.2%
-39.1%
Average Median Price for Last 12 Months ........
$773,154
$887,000
$859,667
$845,538
9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$833
NOV
$890,000
DEC JAN
MEDIAN SALES PRICE
FEB
$361
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$890 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Toluca Lake DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,170,000
$1,272,000
$1,158,000
$995,000
-15.0%
Average Price per Square Foot ...........................
$534
$579
$495
$457
-14.4%
Properties Sold .......................................................
7
8
4
7
0.0%
Properties Pending Sale .......................................
9
3
8
9
0.0%
Properties For Sale ................................................
13
9
25
20
53.8%
Days on Market (Pending Sale) ...........................
106
69
54
85
-19.8%
Month’s Supply of Inventory ................................
1.9
1.1
6.2
2.9
53.8%
Percent Under Contract ........................................
69.2%
33.3%
32.0%
45.0%
-35.0%
Average Median Price for Last 12 Months ........
$1,101,000
$1,204,000
$902,333
$1,139,692
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.170
NOV
$995,000
DEC JAN
MEDIAN SALES PRICE
FEB
$457
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$995 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Valley Village DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$823,000
$675,000
$778,000
$935,000
13.6%
Average Price per Square Foot ...........................
$379
$400
$435
$424
11.9%
Properties Sold .......................................................
15
10
12
10
-33.3%
Properties Pending Sale .......................................
10
10
12
18
80.0%
Properties For Sale ................................................
25
27
27
28
12.0%
Days on Market (Pending Sale) ...........................
44
57
77
70
59.1%
Month’s Supply of Inventory ................................
1.7
2.7
2.2
2.8
68.0%
Percent Under Contract ........................................
40.0%
37.0%
44.4%
64.3%
60.7%
Average Median Price for Last 12 Months ........
$695,000
$807,833
$860,667
$784,231
12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$823
NOV
$935,000
DEC JAN
MEDIAN SALES PRICE
FEB
$424
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$935 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Woodland Hills DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$653,000
$710,000
$685,000
$661,000
1.2%
Average Price per Square Foot ...........................
$295
$312
$333
$325
10.2%
Properties Sold .......................................................
55
61
57
62
12.7%
Properties Pending Sale .......................................
62
67
58
53
-14.5%
Properties For Sale ................................................
157
160
195
200
27.4%
Days on Market (Pending Sale) ...........................
72
63
65
49
-31.9%
Month’s Supply of Inventory ................................
2.9
2.6
3.4
3.2
13.0%
Percent Under Contract ........................................
39.5%
41.9%
29.7%
26.5%
-32.9%
Average Median Price for Last 12 Months ........
$608,538
$690,000
$701,667
$674,154
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$653
NOV
$661,000
DEC JAN
MEDIAN SALES PRICE
FEB
$325
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$661 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
San Gabriel Valley Macro Market DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$845,818
$947,455
$963,000
$982,727
16.2%
Average Price per Square Foot ...........................
$466
$484
$527
$503
8.0%
Properties Sold .......................................................
316
273
316
278
-12.0%
Properties Pending Sale .......................................
292
281
326
286
-2.1%
Properties For Sale ................................................
640
575
734
738
15.3%
Days on Market (Pending Sale) ...........................
50
39
42
51
2.0%
Month’s Supply of Inventory ................................
2
2.1
2.3
2.7
31.1%
Percent Under Contract ........................................
45.6%
48.9%
44.4%
38.8%
-15.1%
Average Median Price for Last 12 Months ........
$825,601
$954,379
$960,909
$932,678
13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$845
NOV
$982,727
DEC JAN
MEDIAN SALES PRICE
FEB
$503
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$982 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Altadena DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$550,000
$550,000
$570,000
$670,000
21.8%
Average Price per Square Foot ...........................
$395
$380
$394
$443
12.2%
Properties Sold .......................................................
36
33
29
39
8.3%
Properties Pending Sale .......................................
41
37
34
39
-4.9%
Properties For Sale ................................................
54
42
74
85
57.4%
Days on Market (Pending Sale) ...........................
39
48
36
51
30.8%
Month’s Supply of Inventory ................................
1.5
1.3
2.6
2.2
45.3%
Percent Under Contract ........................................
75.9%
88.1%
45.9%
45.9%
-39.6%
Average Median Price for Last 12 Months ........
$559,385
$626,667
$633,333
$583,692
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$550
NOV
$670,000
DEC JAN
MEDIAN SALES PRICE
FEB
$443
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$670 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Arcadia DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,100,000
$1,484,000
$1,425,000
$1,470,000
33.6%
Average Price per Square Foot ...........................
$549
$546
$682
$601
9.5%
Properties Sold .......................................................
43
36
39
48
11.6%
Properties Pending Sale .......................................
38
33
38
42
10.5%
Properties For Sale ................................................
104
105
169
182
75.0%
Days on Market (Pending Sale) ...........................
39
41
46
56
43.6%
Month’s Supply of Inventory ................................
2.4
2.9
4.3
3.8
56.8%
Percent Under Contract ........................................
36.5%
31.4%
22.5%
23.1%
-36.8%
Average Median Price for Last 12 Months ........
$1,149,462
$1,333,500
$1,326,667
$1,389,077
20.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.100
NOV
$1,470,000
DEC JAN
MEDIAN SALES PRICE
FEB
$601
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.470 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Duarte DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$370,000
$374,000
$425,000
$479,000
29.5%
Average Price per Square Foot ...........................
$305
$301
$308
$333
9.2%
Properties Sold .......................................................
15
14
15
12
-20.0%
Properties Pending Sale .......................................
14
19
18
13
-7.1%
Properties For Sale ................................................
23
19
23
32
39.1%
Days on Market (Pending Sale) ...........................
41
39
33
46
12.2%
Month’s Supply of Inventory ................................
1.5
1.4
1.5
2.7
73.9%
Percent Under Contract ........................................
60.9%
100.0%
78.3%
40.6%
-33.3%
Average Median Price for Last 12 Months ........
$359,769
$435,000
$442,333
$415,615
15.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$370
NOV
$479,000
DEC JAN
MEDIAN SALES PRICE
FEB
$333
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$479 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Eagle Rock DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$585,000
$697,000
$730,000
$650,000
11.1%
Average Price per Square Foot ...........................
$443
$396
$494
$392
-11.5%
Properties Sold .......................................................
7
5
8
9
28.6%
Properties Pending Sale .......................................
6
5
4
5
-16.7%
Properties For Sale ................................................
8
15
16
12
50.0%
Days on Market (Pending Sale) ...........................
43
52
26
49
14.0%
Month’s Supply of Inventory ................................
1.1
3
2
1.3
16.7%
Percent Under Contract ........................................
75.0%
33.3%
25.0%
41.7%
-44.4%
Average Median Price for Last 12 Months ........
$534,000
$623,500
$602,667
$619,769
16.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$585
NOV
$650,000
DEC JAN
MEDIAN SALES PRICE
FEB
$392
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
La Canada Flintridge DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,110,000
$1,240,000
$1,260,000
$1,694,000
52.6%
Average Price per Square Foot ...........................
$579
$541
$532
$591
2.1%
Properties Sold .......................................................
18
23
39
18
0.0%
Properties Pending Sale .......................................
25
27
32
25
0.0%
Properties For Sale ................................................
58
46
46
39
-32.8%
Days on Market (Pending Sale) ...........................
65
40
34
78
20.0%
Month’s Supply of Inventory ................................
3.2
2
1.2
2.2
-32.8%
Percent Under Contract ........................................
43.1%
58.7%
69.6%
64.1%
48.7%
Average Median Price for Last 12 Months ........
$1,237,000
$1,368,000
$1,423,000
$1,322,769
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.110
NOV
$1,694,000
DEC JAN
MEDIAN SALES PRICE
FEB
$591
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.694 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Monrovia DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$560,000
$595,000
$610,000
$578,000
3.2%
Average Price per Square Foot ...........................
$357
$373
$399
$396
10.9%
Properties Sold .......................................................
25
29
34
28
12.0%
Properties Pending Sale .......................................
23
30
32
20
-13.0%
Properties For Sale ................................................
60
61
66
64
6.7%
Days on Market (Pending Sale) ...........................
69
33
51
56
-18.8%
Month’s Supply of Inventory ................................
2.4
2.1
1.9
2.3
-4.8%
Percent Under Contract ........................................
38.3%
49.2%
48.5%
31.2%
-18.5%
Average Median Price for Last 12 Months ........
$528,692
$619,667
$625,000
$579,462
9.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$560
NOV
$578,000
DEC JAN
MEDIAN SALES PRICE
FEB
$396
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$578 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Pasadena DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$692,000
$778,000
$773,000
$740,000
6.9%
Average Price per Square Foot ...........................
$439
$489
$512
$474
8.0%
Properties Sold .......................................................
98
78
106
61
-37.8%
Properties Pending Sale .......................................
84
79
110
83
-1.2%
Properties For Sale ................................................
199
179
185
202
1.5%
Days on Market (Pending Sale) ...........................
60
33
41
44
-26.7%
Month’s Supply of Inventory ................................
2
2.3
1.7
3.3
63.1%
Percent Under Contract ........................................
42.2%
44.1%
59.5%
41.1%
-2.7%
Average Median Price for Last 12 Months ........
$659,154
$774,667
$758,000
$732,538
11.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$692
NOV
$740,000
DEC JAN
MEDIAN SALES PRICE
FEB
$474
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$740 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
San Gabriel DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$643,000
$613,000
$737,000
$697,000
8.4%
Average Price per Square Foot ...........................
$364
$431
$437
$422
15.9%
Properties Sold .......................................................
26
20
15
24
-7.7%
Properties Pending Sale .......................................
25
11
20
29
16.0%
Properties For Sale ................................................
73
56
83
57
-21.9%
Days on Market (Pending Sale) ...........................
57
35
31
61
7.0%
Month’s Supply of Inventory ................................
2.8
2.8
5.5
2.4
-15.4%
Percent Under Contract ........................................
34.2%
19.6%
24.1%
50.9%
48.6%
Average Median Price for Last 12 Months ........
$586,154
$703,333
$690,667
$667,231
13.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$643
NOV
$697,000
DEC JAN
MEDIAN SALES PRICE
FEB
$422
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$697 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
San Marino DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,725,000
$2,118,000
$2,059,000
$1,894,000
9.8%
Average Price per Square Foot ...........................
$724
$858
$985
$833
15.1%
Properties Sold .......................................................
15
13
9
10
-33.3%
Properties Pending Sale .......................................
13
15
12
10
-23.1%
Properties For Sale ................................................
17
11
27
21
23.5%
Days on Market (Pending Sale) ...........................
35
19
36
38
8.6%
Month’s Supply of Inventory ................................
1.1
0.8
3
2.1
85.3%
Percent Under Contract ........................................
76.5%
136.4%
44.4%
47.6%
-37.7%
Average Median Price for Last 12 Months ........
$1,744,154
$2,098,167
$2,139,667
$2,082,385
19.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.725
NOV
$1,894,000
DEC JAN
MEDIAN SALES PRICE
FEB
$833
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.894 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Sierra Madre DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$910,000
$802,000
$745,000
$906,000
-0.4%
Average Price per Square Foot ...........................
$474
$422
$404
$464
-2.1%
Properties Sold .......................................................
13
6
10
11
-15.4%
Properties Pending Sale .......................................
15
14
18
11
-26.7%
Properties For Sale ................................................
26
23
21
23
-11.5%
Days on Market (Pending Sale) ...........................
59
37
101
35
-40.7%
Month’s Supply of Inventory ................................
2
3.8
2.1
2.1
4.5%
Percent Under Contract ........................................
57.7%
60.9%
85.7%
47.8%
-17.1%
Average Median Price for Last 12 Months ........
$759,692
$846,000
$899,000
$856,538
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$910
NOV
$906,000
DEC JAN
MEDIAN SALES PRICE
FEB
$464
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$906 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
South Pasadena DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,059,000
$1,171,000
$1,259,000
$1,032,000
-2.5%
Average Price per Square Foot ...........................
$497
$586
$649
$585
17.7%
Properties Sold .......................................................
20
16
12
18
-10.0%
Properties Pending Sale .......................................
8
11
8
9
12.5%
Properties For Sale ................................................
18
18
24
21
16.7%
Days on Market (Pending Sale) ...........................
47
47
29
51
8.5%
Month’s Supply of Inventory ................................
0.9
1.1
2
1.2
29.6%
Percent Under Contract ........................................
44.4%
61.1%
33.3%
42.9%
-3.6%
Average Median Price for Last 12 Months ........
$969,154
$1,069,667
$1,029,667
$1,010,385
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.059
NOV
$1,032,000
DEC JAN
MEDIAN SALES PRICE
FEB
$585
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.032 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Orange County
Orange County Macro
Ladera Ranch
San Juan Capistrano
Aliso Viejo
Laguna Beach
Shady Canyon
Balboa Peninsula
Laguna Hills
Turtle Ridge
Corona del Mar - Spyglass
Laguna Niguel
Turtle Rock
Coto de Caza
Laguna Woods
West Bay - Santa Ana Heights
Crystal Cove
Lower Newport Bay - Balboa Island
West Newport - Lido
Dana Point
Mission Viejo
Westminster
East Bluff - Harbor View
Newport Beach
East Costa Mesa
Newport Coast
Fountain Valley
Newport Heights
Huntington Beach
Rancho Santa Margarita
Irvine
San Clemente
Micro Market Report : October 2014
telesproperties.com
County: ORANGE Area: 948 SQ MILES Founded: 1889
Micro Market Report : October 2014
telesproperties.com
Orange County DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$640,000
$675,000
$675,000
$680,000
6.2%
Average Price per Square Foot ...........................
$392
$413
$408
$404
3.1%
Properties Sold .......................................................
1464
1573
1639
1485
1.4%
Properties Pending Sale .......................................
1463
1714
1721
1564
6.9%
Properties For Sale ................................................
7,337
6,863
7,990
7,292
-0.6%
Days on Market (Pending Sale) ...........................
68
63
55
64
-5.9%
Month’s Supply of Inventory ................................
5
4.4
4.9
4.9
-2.0%
Percent Under Contract ........................................
19.9%
25.0%
21.5%
21.4%
7.6%
Average Median Price for Last 12 Months ........
$601,000
$679,325
$680,000
$665,781
10.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$640
NOV
$680,000
DEC JAN
MEDIAN SALES PRICE
FEB
$404
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$680 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Aliso Viejo DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$635,000
$713,500
$736,000
$725,000
14.2%
Average Price per Square Foot ...........................
$343
$359
$357
$362
5.5%
Properties Sold .......................................................
16
24
16
21
31.2%
Properties Pending Sale .......................................
18
24
16
19
5.6%
Properties For Sale ................................................
71
80
78
76
7.0%
Days on Market (Pending Sale) ...........................
69
53
55
44
-36.2%
Month’s Supply of Inventory ................................
4.4
3.3
4.9
3.6
-18.4%
Percent Under Contract ........................................
25.4%
30.0%
20.5%
25.0%
-1.4%
Average Median Price for Last 12 Months ........
$656,000
$735,917
$740,833
$722,269
10.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$635
NOV
$725,000
DEC JAN
MEDIAN SALES PRICE
FEB
$362
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$725 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Balboa Peninsula DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$3,337,500
$3,400,000
$1,800,000
$5,875,000
76.0%
Average Price per Square Foot ...........................
$1,345
$1,187
$1,225
$1,497
11.3%
Properties Sold .......................................................
4
5
7
4
0.0%
Properties Pending Sale .......................................
8
7
11
9
12.5%
Properties For Sale ................................................
46
41
46
41
-10.9%
Days on Market (Pending Sale) ...........................
135
68
150
112
-17.0%
Month’s Supply of Inventory ................................
11.5
8.2
6.6
10.2
-10.9%
Percent Under Contract ........................................
17.4%
17.1%
23.9%
22.0%
26.2%
Average Median Price for Last 12 Months ........
$2,226,000
$3,144,583
$3,314,167
$3,088,385
38.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$3.337
NOV
$5,875,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,497
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$5.875 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Corona del Mar - Spyglass DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,900,000
$2,907,500
$1,810,000
$1,827,500
-3.8%
Average Price per Square Foot ...........................
$849
$1,066
$796
$786
-7.4%
Properties Sold .......................................................
9
12
13
8
-11.1%
Properties Pending Sale .......................................
10
13
11
10
0.0%
Properties For Sale ................................................
73
62
76
82
12.3%
Days on Market (Pending Sale) ...........................
80
76
54
53
-33.8%
Month’s Supply of Inventory ................................
8.1
5.2
5.8
10.2
26.4%
Percent Under Contract ........................................
13.7%
21.0%
14.5%
12.2%
-11.0%
Average Median Price for Last 12 Months ........
$2,136,000
$1,967,333
$1,940,000
$2,324,365
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.900
NOV
$1,827,500
DEC JAN
MEDIAN SALES PRICE
FEB
$786
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.827 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Coto de Caza DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,280,000
$1,274,500
$1,120,000
$1,022,500
-20.1%
Average Price per Square Foot ...........................
$347
$313
$316
$325
-6.3%
Properties Sold .......................................................
15
18
17
30
100.0%
Properties Pending Sale .......................................
20
28
23
14
-30.0%
Properties For Sale ................................................
139
128
149
132
-5.0%
Days on Market (Pending Sale) ...........................
61
99
76
94
54.1%
Month’s Supply of Inventory ................................
9.3
7.1
8.8
4.4
-52.5%
Percent Under Contract ........................................
14.4%
21.9%
15.4%
10.6%
-26.3%
Average Median Price for Last 12 Months ........
$1,003,000
$1,118,250
$1,084,167
$1,132,500
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.280
OCT NOV
$1,022,500
DEC JAN
MEDIAN SALES PRICE
FEB
$325
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.022 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Crystal Cove DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$3,800,000
$4,400,000
$5,325,000
$5,999,500
57.9%
Average Price per Square Foot ...........................
$965
$1,207
$1,072
$1,049
8.7%
Properties Sold .......................................................
4
3
3
2
-50.0%
Properties Pending Sale .......................................
2
2
2
4
100.0%
Properties For Sale ................................................
20
22
22
23
15.0%
Days on Market (Pending Sale) ...........................
212
138
60
45
-78.8%
Month’s Supply of Inventory ................................
5
7.3
7.3
11.5
130.0%
Percent Under Contract ........................................
10.0%
9.1%
9.1%
17.4%
73.9%
Average Median Price for Last 12 Months ........
$4,698,000
$5,595,583
$6,083,167
$4,926,654
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$3.800
NOV
$5,999,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,049
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$5.999 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Dana Point DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,000,000
$980,000
$899,900
$948,750
-5.1%
Average Price per Square Foot ...........................
$558
$527
$527
$572
2.5%
Properties Sold .......................................................
32
31
33
34
6.2%
Properties Pending Sale .......................................
36
27
32
23
-36.1%
Properties For Sale ................................................
201
184
210
172
-14.4%
Days on Market (Pending Sale) ...........................
84
63
93
66
-21.4%
Month’s Supply of Inventory ................................
6.3
5.9
6.4
5.1
-19.5%
Percent Under Contract ........................................
17.9%
14.7%
15.2%
13.4%
-25.3%
Average Median Price for Last 12 Months ........
$858,000
$878,650
$912,500
$889,527
3.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.000
NOV
$948,750
DEC JAN
MEDIAN SALES PRICE
FEB
$572
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$948 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
East Bluff - Harbor View DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,493,750
$1,652,000
$1,774,000
$2,030,000
35.9%
Average Price per Square Foot ...........................
$574
$693
$717
$654
13.9%
Properties Sold .......................................................
16
18
24
15
-6.2%
Properties Pending Sale .......................................
12
16
17
19
58.3%
Properties For Sale ................................................
77
99
122
108
40.3%
Days on Market (Pending Sale) ...........................
59
35
76
83
40.7%
Month’s Supply of Inventory ................................
4.8
5.5
5.1
7.2
49.6%
Percent Under Contract ........................................
15.6%
16.2%
13.9%
17.6%
12.9%
Average Median Price for Last 12 Months ........
$1,551,000
$1,747,583
$1,724,667
$1,702,173
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.493
NOV
$2,030,000
DEC JAN
MEDIAN SALES PRICE
FEB
$654
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.030 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
East Costa Mesa DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$867,000
$809,500
$917,500
$850,000
-2.0%
Average Price per Square Foot ...........................
$498
$488
$495
$484
-2.8%
Properties Sold .......................................................
22
22
15
14
-36.4%
Properties Pending Sale .......................................
15
22
12
23
53.3%
Properties For Sale ................................................
73
67
84
77
5.5%
Days on Market (Pending Sale) ...........................
54
58
32
77
42.6%
Month’s Supply of Inventory ................................
3.3
3
5.6
5.5
65.8%
Percent Under Contract ........................................
20.5%
32.8%
14.3%
29.9%
45.4%
Average Median Price for Last 12 Months ........
$815,000
$882,532
$855,000
$863,484
5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$867
NOV
$850,000
DEC JAN
MEDIAN SALES PRICE
FEB
$484
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Fountain Valley DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$672,500
$685,100
$685,000
$698,500
3.9%
Average Price per Square Foot ...........................
$319
$325
$341
$325
1.9%
Properties Sold .......................................................
26
21
30
32
23.1%
Properties Pending Sale .......................................
25
26
36
21
-16.0%
Properties For Sale ................................................
82
69
99
58
-29.3%
Days on Market (Pending Sale) ...........................
48
30
61
45
-6.2%
Month’s Supply of Inventory ................................
3.2
3.3
3.3
1.8
-42.5%
Percent Under Contract ........................................
30.5%
37.7%
36.4%
36.2%
18.8%
Average Median Price for Last 12 Months ........
$618,000
$682,400
$685,333
$671,385
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$672
NOV
$698,500
DEC JAN
MEDIAN SALES PRICE
FEB
$325
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
1.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$698 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Huntington Beach DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$735,000
$740,350
$750,000
$790,000
7.5%
Average Price per Square Foot ...........................
$418
$412
$431
$437
4.5%
Properties Sold .......................................................
103
122
93
94
-8.7%
Properties Pending Sale .......................................
94
124
118
95
1.1%
Properties For Sale ................................................
384
417
484
382
-0.5%
Days on Market (Pending Sale) ...........................
51
47
56
57
11.8%
Month’s Supply of Inventory ................................
3.7
3.4
5.2
4.1
9.0%
Percent Under Contract ........................................
24.5%
29.7%
24.4%
24.9%
1.6%
Average Median Price for Last 12 Months ........
$685,000
$747,083
$753,333
$740,412
8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$735
NOV
$790,000
DEC JAN
MEDIAN SALES PRICE
FEB
$437
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$790 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Irvine DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$920,000
$900,000
$880,000
$915,673
-0.5%
Average Price per Square Foot ...........................
$421
$463
$459
$470
11.6%
Properties Sold .......................................................
91
91
85
94
3.3%
Properties Pending Sale .......................................
76
99
109
96
26.3%
Properties For Sale ................................................
357
386
506
413
15.7%
Days on Market (Pending Sale) ...........................
52
46
54
80
53.8%
Month’s Supply of Inventory ................................
3.9
4.2
6
4.4
12.0%
Percent Under Contract ........................................
21.3%
25.6%
21.5%
23.2%
9.2%
Average Median Price for Last 12 Months ........
$868,000
$913,246
$923,491
$902,205
3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$920
NOV
$915,673
DEC JAN
MEDIAN SALES PRICE
FEB
$470
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$915 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Ladera Ranch DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$820,000
$721,000
$880,000
$850,000
3.7%
Average Price per Square Foot ...........................
$309
$316
$333
$314
1.6%
Properties Sold .......................................................
13
20
32
19
46.2%
Properties Pending Sale .......................................
26
34
35
17
-34.6%
Properties For Sale ................................................
128
142
166
127
-0.8%
Days on Market (Pending Sale) ...........................
70
53
72
92
31.4%
Month’s Supply of Inventory ................................
9.8
7.1
5.2
6.7
-32.1%
Percent Under Contract ........................................
20.3%
23.9%
21.1%
13.4%
-34.1%
Average Median Price for Last 12 Months ........
$784,000
$891,544
$926,333
$869,070
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$820
NOV
$850,000
DEC JAN
MEDIAN SALES PRICE
FEB
$314
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$850 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Laguna Beach DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,575,000
$1,792,000
$2,150,000
$1,820,000
15.6%
Average Price per Square Foot ...........................
$1,201
$1,146
$918
$1,187
-1.2%
Properties Sold .......................................................
24
42
35
33
37.5%
Properties Pending Sale .......................................
25
38
36
31
24.0%
Properties For Sale ................................................
249
257
275
261
4.8%
Days on Market (Pending Sale) ...........................
116
124
97
84
-27.6%
Month’s Supply of Inventory ................................
10.4
6.1
7.9
7.9
-23.8%
Percent Under Contract ........................................
10.0%
14.8%
13.1%
11.9%
18.3%
Average Median Price for Last 12 Months ........
$1,544,000
$1,967,500
$1,981,667
$1,938,423
25.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.575
NOV
$1,820,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,187
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.820 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Laguna Niguel DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$867,900
$756,500
$830,000
$788,500
-9.1%
Average Price per Square Foot ...........................
$396
$386
$385
$396
0.0%
Properties Sold .......................................................
45
56
49
48
6.7%
Properties Pending Sale .......................................
36
66
54
54
50.0%
Properties For Sale ................................................
208
290
353
316
51.9%
Days on Market (Pending Sale) ...........................
52
60
60
84
61.5%
Month’s Supply of Inventory ................................
4.6
5.2
7.2
6.6
42.4%
Percent Under Contract ........................................
17.3%
22.8%
15.3%
17.1%
-1.3%
Average Median Price for Last 12 Months ........
$739,000
$813,158
$800,333
$801,527
8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$867
NOV
$788,500
DEC JAN
MEDIAN SALES PRICE
FEB
$396
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$788 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Laguna Hills DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$750,000
$629,900
$728,000
$630,000
-16.0%
Average Price per Square Foot ...........................
$326
$330
$337
$345
5.8%
Properties Sold .......................................................
11
19
29
17
54.5%
Properties Pending Sale .......................................
24
24
23
21
-12.5%
Properties For Sale ................................................
96
109
104
103
7.3%
Days on Market (Pending Sale) ...........................
58
28
72
62
6.9%
Month’s Supply of Inventory ................................
8.7
5.7
3.6
6.1
-30.6%
Percent Under Contract ........................................
25.0%
22.0%
22.1%
20.4%
-18.4%
Average Median Price for Last 12 Months ........
$675,000
$761,250
$799,167
$728,454
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$750
NOV
$630,000
DEC JAN
MEDIAN SALES PRICE
FEB
$345
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$630 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Laguna Woods DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$660,000
$0
$0
$0
-100.0%
Average Price per Square Foot ...........................
$440
$0
$0
$0
-100.0%
Properties Sold .......................................................
1
0
0
0
-100.0%
Properties Pending Sale .......................................
1
0
0
0
-100.0%
Properties For Sale ................................................
2
1
0
0
-100.0%
Days on Market (Pending Sale) ...........................
3
0
0
0
-100.0%
Month’s Supply of Inventory ................................
2
0
0
0
0%
Percent Under Contract ........................................
50.0%
0.0%
0%
0%
0%
Average Median Price for Last 12 Months ........
$606,000
$0
$0
$637,800
5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$660
NOV
No sales
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
No sales MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Lower Newport Bay - Balboa Island DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,915,000
$3,600,000
$2,975,000
$4,650,000
59.5%
Average Price per Square Foot ...........................
$1,020
$1,045
$1,122
$1,352
32.5%
Properties Sold .......................................................
4
3
3
4
0.0%
Properties Pending Sale .......................................
4
8
2
3
-25.0%
Properties For Sale ................................................
37
50
48
37
0.0%
Days on Market (Pending Sale) ...........................
110
8
78
158
43.6%
Month’s Supply of Inventory ................................
9.2
16.7
16
9.2
0.0%
Percent Under Contract ........................................
10.8%
16.0%
4.2%
8.1%
-25.0%
Average Median Price for Last 12 Months ........
$2,661,000
$3,275,433
$3,725,000
$3,115,758
17.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.915
NOV
$4,650,000
DEC JAN
MEDIAN SALES PRICE
FEB
$1,352
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$4.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Mission Viejo DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$617,500
$655,000
$630,000
$649,900
5.2%
Average Price per Square Foot ...........................
$303
$333
$332
$321
5.9%
Properties Sold .......................................................
82
75
83
59
-28.0%
Properties Pending Sale .......................................
89
90
102
73
-18.0%
Properties For Sale ................................................
319
281
350
325
1.9%
Days on Market (Pending Sale) ...........................
53
44
48
61
15.1%
Month’s Supply of Inventory ................................
3.9
3.7
4.2
5.5
41.6%
Percent Under Contract ........................................
27.9%
32.0%
29.1%
22.5%
-19.5%
Average Median Price for Last 12 Months ........
$582,000
$638,567
$636,633
$635,108
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$617
NOV
$649,900
DEC JAN
MEDIAN SALES PRICE
FEB
$321
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$649 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Newport Beach DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,850,000
$1,887,000
$1,775,000
$2,055,000
11.1%
Average Price per Square Foot ...........................
$654
$824
$811
$795
21.6%
Properties Sold .......................................................
42
54
64
39
-7.1%
Properties Pending Sale .......................................
57
65
54
51
-10.5%
Properties For Sale ................................................
312
343
370
337
8.0%
Days on Market (Pending Sale) ...........................
112
72
88
86
-23.2%
Month’s Supply of Inventory ................................
7.4
6.4
5.8
8.6
16.3%
Percent Under Contract ........................................
18.3%
19.0%
14.6%
15.1%
-17.2%
Average Median Price for Last 12 Months ........
$1,640,000
$1,868,333
$1,943,333
$1,846,654
12.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.850
NOV
$2,055,000
DEC JAN
MEDIAN SALES PRICE
FEB
$795
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.055 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Newport Coast DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,435,000
$3,850,000
$3,012,500
$2,500,000
2.7%
Average Price per Square Foot ...........................
$792
$908
$908
$873
10.2%
Properties Sold .......................................................
17
11
14
9
-47.1%
Properties Pending Sale .......................................
18
9
10
13
-27.8%
Properties For Sale ................................................
91
96
104
92
1.1%
Days on Market (Pending Sale) ...........................
73
67
74
99
35.6%
Month’s Supply of Inventory ................................
5.4
8.7
7.4
10.2
91.0%
Percent Under Contract ........................................
19.8%
9.4%
9.6%
14.1%
-28.6%
Average Median Price for Last 12 Months ........
$2,818,000
$3,074,442
$3,113,300
$3,007,435
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.435
NOV
$2,500,000
DEC JAN
MEDIAN SALES PRICE
FEB
$873
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.500 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Newport Heights DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,682,500
$2,100,000
$2,069,450
$2,130,638
26.6%
Average Price per Square Foot ...........................
$799
$791
$654
$597
-25.3%
Properties Sold .......................................................
6
11
5
4
-33.3%
Properties Pending Sale .......................................
10
11
4
7
-30.0%
Properties For Sale ................................................
39
30
38
39
0.0%
Days on Market (Pending Sale) ...........................
86
53
23
72
-16.3%
Month’s Supply of Inventory ................................
6.5
2.7
7.6
9.8
50.0%
Percent Under Contract ........................................
25.6%
36.7%
10.5%
17.9%
-30.0%
Average Median Price for Last 12 Months ........
$1,464,000
$2,111,742
$2,086,546
$1,894,405
29.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.682
NOV
$2,130,638
DEC JAN
MEDIAN SALES PRICE
FEB
$597
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
9.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.130 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Rancho Santa Margarita DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$637,500
$660,000
$649,888
$660,000
3.5%
Average Price per Square Foot ...........................
$309
$311
$333
$312
1.0%
Properties Sold .......................................................
46
37
49
31
-32.6%
Properties Pending Sale .......................................
39
36
43
43
10.3%
Properties For Sale ................................................
146
137
191
189
29.5%
Days on Market (Pending Sale) ...........................
53
62
61
74
39.6%
Month’s Supply of Inventory ................................
3.2
3.7
3.9
6.1
92.1%
Percent Under Contract ........................................
26.7%
26.3%
22.5%
22.8%
-14.8%
Average Median Price for Last 12 Months ........
$601,000
$653,065
$653,333
$646,491
7.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$637
NOV
$660,000
DEC JAN
MEDIAN SALES PRICE
FEB
$312
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
6.1 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$660 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
San Clemente DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$781,000
$817,000
$855,000
$853,000
9.2%
Average Price per Square Foot ...........................
$411
$397
$384
$371
-9.7%
Properties Sold .......................................................
45
63
65
63
40.0%
Properties Pending Sale .......................................
58
62
64
61
5.2%
Properties For Sale ................................................
307
283
361
327
6.5%
Days on Market (Pending Sale) ...........................
70
62
50
77
10.0%
Month’s Supply of Inventory ................................
6.8
4.5
5.6
5.2
-23.9%
Percent Under Contract ........................................
18.9%
21.9%
17.7%
18.7%
-1.3%
Average Median Price for Last 12 Months ........
$783,000
$836,750
$839,333
$820,962
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$781
NOV
$853,000
DEC JAN
MEDIAN SALES PRICE
FEB
$371
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$853 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
San Juan Capistrano DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$637,500
$530,000
$680,000
$720,000
12.9%
Average Price per Square Foot ...........................
$333
$345
$356
$356
6.9%
Properties Sold .......................................................
24
23
25
21
-12.5%
Properties Pending Sale .......................................
21
35
32
25
19.0%
Properties For Sale ................................................
152
136
153
159
4.6%
Days on Market (Pending Sale) ...........................
76
91
87
107
40.8%
Month’s Supply of Inventory ................................
6.3
5.9
6.1
7.6
19.5%
Percent Under Contract ........................................
13.8%
25.7%
20.9%
15.7%
13.8%
Average Median Price for Last 12 Months ........
$719,000
$759,898
$728,129
$810,414
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$637
NOV
$720,000
DEC JAN
MEDIAN SALES PRICE
FEB
$356
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$720 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Shady Canyon DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$0
$3,850,000
$0
$3,650,000
0%
Average Price per Square Foot ...........................
$0
$802
$0
$757
0%
Properties Sold .......................................................
0
1
0
1
0%
Properties Pending Sale .......................................
0
0
0
0
0%
Properties For Sale ................................................
8
4
3
3
-62.5%
Days on Market (Pending Sale) ...........................
0
0
0
0
0%
Month’s Supply of Inventory ................................
0
4
0
3
0%
Percent Under Contract ........................................
0.0%
0.0%
0.0%
0.0%
0%
Average Median Price for Last 12 Months ........
$5,748,000
$3,850,000
$3,650,000
$4,693,800
-18.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT NOV
$3,650,000
DEC JAN
MEDIAN SALES PRICE
FEB
$757
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$3.650 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Turtle Ridge DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,620,000
$2,693,400
$2,450,000
$2,239,000
-14.5%
Average Price per Square Foot ...........................
$661
$707
$681
$657
-0.6%
Properties Sold .......................................................
3
2
1
3
0.0%
Properties Pending Sale .......................................
2
2
7
2
0.0%
Properties For Sale ................................................
25
32
32
30
20.0%
Days on Market (Pending Sale) ...........................
96
36
125
40
-58.3%
Month’s Supply of Inventory ................................
8.3
16
32
10
20.0%
Percent Under Contract ........................................
8.0%
6.2%
21.9%
6.7%
-16.7%
Average Median Price for Last 12 Months ........
$2,125,000
$2,512,833
$2,459,000
$2,482,730
16.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.620
NOV
$2,239,000
DEC JAN
MEDIAN SALES PRICE
FEB
$657
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.239 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Turtle Rock DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,749,000
$0
$0
$1,200,000
-31.4%
Average Price per Square Foot ...........................
$624
$0
$0
$590
-5.4%
Properties Sold .......................................................
2
0
0
1
-50.0%
Properties Pending Sale .......................................
2
0
0
2
0.0%
Properties For Sale ................................................
11
4
3
8
-27.3%
Days on Market (Pending Sale) ...........................
66
0
0
40
-39.4%
Month’s Supply of Inventory ................................
5.5
0
0
8
45.5%
Percent Under Contract ........................................
18.2%
0.0%
0.0%
25.0%
37.5%
Average Median Price for Last 12 Months ........
$1,321,000
$1,200,000
$1,200,000
$1,785,978
35.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.749
OCT NOV
$1,200,000
DEC JAN
MEDIAN SALES PRICE
FEB
$590
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.200 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Westminster DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$496,000
$547,500
$530,000
$543,000
9.5%
Average Price per Square Foot ...........................
$311
$275
$315
$327
5.1%
Properties Sold .......................................................
43
38
44
29
-32.6%
Properties Pending Sale .......................................
38
28
41
36
-5.3%
Properties For Sale ................................................
113
120
137
115
1.8%
Days on Market (Pending Sale) ...........................
41
40
53
40
-2.4%
Month’s Supply of Inventory ................................
2.6
3.2
3.1
4
50.9%
Percent Under Contract ........................................
33.6%
23.3%
29.9%
31.3%
-6.9%
Average Median Price for Last 12 Months ........
$465,000
$531,657
$537,167
$522,111
12.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$496
NOV
$543,000
DEC JAN
MEDIAN SALES PRICE
FEB
$327
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$543 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
West Bay - Santa Ana Heights DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,730,000
$1,350,000
$1,385,000
$1,487,500
-14.0%
Average Price per Square Foot ...........................
$427
$587
$632
$564
32.1%
Properties Sold .......................................................
6
11
14
12
100.0%
Properties Pending Sale .......................................
15
9
13
10
-33.3%
Properties For Sale ................................................
57
60
65
63
10.5%
Days on Market (Pending Sale) ...........................
64
68
82
45
-29.7%
Month’s Supply of Inventory ................................
9.5
5.5
4.6
5.2
-44.7%
Percent Under Contract ........................................
26.3%
15.0%
20.0%
15.9%
-39.7%
Average Median Price for Last 12 Months ........
$1,336,000
$1,484,292
$1,516,917
$1,530,135
14.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.730
NOV
$1,487,500
DEC JAN
MEDIAN SALES PRICE
FEB
$564
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.487 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
West Newport - Lido DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,787,500
$2,447,500
$1,925,000
$0
-100.0%
Average Price per Square Foot ...........................
$738
$1,250
$1,013
$0
-100.0%
Properties Sold .......................................................
6
6
11
0
-100.0%
Properties Pending Sale .......................................
8
14
7
3
-62.5%
Properties For Sale ................................................
56
63
51
46
-17.9%
Days on Market (Pending Sale) ...........................
285
84
70
117
-58.9%
Month’s Supply of Inventory ................................
9.3
10.5
4.6
0
0%
Percent Under Contract ........................................
14.3%
22.2%
13.7%
6.5%
-54.3%
Average Median Price for Last 12 Months ........
$1,887,000
$2,137,000
$2,236,250
$2,045,971
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.787
NOV
No sales
DEC JAN
MEDIAN SALES PRICE
FEB
No sales
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
No sales MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Santa Barbara County
Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
Micro Market Report : October 2014
telesproperties.com
County: SANTA BARBARA Area: 3,789 SQ MILES Founded: 1850
Micro Market Report : October 2014
telesproperties.com
Carpinteria DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$942,999
$845,000
$888,000
$872,500
-7.5%
Average Price per Square Foot ...........................
$621
$1,283
$1,203
$540
-13.0%
Properties Sold .......................................................
11
5
5
8
-27.3%
Properties Pending Sale .......................................
10
4
5
12
20.0%
Properties For Sale ................................................
50
33
44
45
-10.0%
Days on Market (Pending Sale) ...........................
73
85
63
22
-69.9%
Month’s Supply of Inventory ................................
4.5
6.6
8.8
5.6
23.8%
Percent Under Contract ........................................
20.0%
12.1%
11.4%
26.7%
33.3%
Average Median Price for Last 12 Months ........
$814,000
$1,514,208
$1,204,667
$1,427,614
75.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$942
NOV
$872,500
DEC JAN
MEDIAN SALES PRICE
FEB
$540
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$872 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Goleta DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$773,000
$765,000
$775,000
$739,500
-4.3%
Average Price per Square Foot ...........................
$392
$487
$435
$441
12.5%
Properties Sold .......................................................
9
13
10
10
11.1%
Properties Pending Sale .......................................
8
10
9
11
37.5%
Properties For Sale ................................................
30
18
33
34
13.3%
Days on Market (Pending Sale) ...........................
39
48
17
60
53.8%
Month’s Supply of Inventory ................................
3.3
1.4
3.3
3.4
2.0%
Percent Under Contract ........................................
26.7%
55.6%
27.3%
32.4%
21.3%
Average Median Price for Last 12 Months ........
$725,000
$811,417
$814,833
$802,538
10.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$773
NOV
$739,500
DEC JAN
MEDIAN SALES PRICE
FEB
$441
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$739 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Hope Ranch DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$3,500,000
$3,250,000
$2,105,000
$1,780,000
-49.1%
Average Price per Square Foot ...........................
$1,056
$590
$1,018
$675
-36.1%
Properties Sold .......................................................
1
3
4
3
200.0%
Properties Pending Sale .......................................
1
4
4
3
200.0%
Properties For Sale ................................................
38
37
35
34
-10.5%
Days on Market (Pending Sale) ...........................
263
368
90
124
-52.9%
Month’s Supply of Inventory ................................
38
12.3
8.7
11.3
-70.2%
Percent Under Contract ........................................
2.6%
10.8%
11.4%
8.8%
235.3%
Average Median Price for Last 12 Months ........
$2,741,000
$2,545,917
$2,736,000
$3,133,558
14.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $3.500
OCT NOV
$1,780,000
DEC JAN
MEDIAN SALES PRICE
FEB
$675
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
11.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.780 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Montecito DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$2,492,000
$2,987,500
$3,650,000
$2,978,000
19.5%
Average Price per Square Foot ...........................
$1,033
$957
$1,241
$899
-13.0%
Properties Sold .......................................................
14
20
23
17
21.4%
Properties Pending Sale .......................................
12
24
25
11
-8.3%
Properties For Sale ................................................
189
183
178
152
-19.6%
Days on Market (Pending Sale) ...........................
116
82
44
115
-0.9%
Month’s Supply of Inventory ................................
13.5
9.2
7.7
8.9
-33.8%
Percent Under Contract ........................................
6.3%
13.1%
14.0%
7.2%
14.0%
Average Median Price for Last 12 Months ........
$2,479,000
$3,023,917
$2,902,000
$2,681,673
8.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$2.492
NOV
$2,978,000
DEC JAN
MEDIAN SALES PRICE
FEB
$899
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$2.978 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Santa Barbara East of State DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,050,000
$1,150,000
$1,080,000
$1,130,000
7.6%
Average Price per Square Foot ...........................
$576
$675
$658
$588
2.1%
Properties Sold .......................................................
26
25
21
19
-26.9%
Properties Pending Sale .......................................
26
41
23
31
19.2%
Properties For Sale ................................................
137
127
136
145
5.8%
Days on Market (Pending Sale) ...........................
61
54
51
53
-13.1%
Month’s Supply of Inventory ................................
5.3
5.1
6.5
7.6
44.8%
Percent Under Contract ........................................
19.0%
32.3%
16.9%
21.4%
12.7%
Average Median Price for Last 12 Months ........
$977,000
$1,241,000
$1,248,333
$1,192,038
22.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.050
NOV
$1,130,000
DEC JAN
MEDIAN SALES PRICE
FEB
$588
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.130 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Santa Barbara West of State DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$942,500
$967,500
$800,000
$1,340,000
42.2%
Average Price per Square Foot ...........................
$556
$641
$594
$647
16.4%
Properties Sold .......................................................
20
18
19
12
-40.0%
Properties Pending Sale .......................................
19
26
22
28
47.4%
Properties For Sale ................................................
76
71
71
88
15.8%
Days on Market (Pending Sale) ...........................
47
39
31
39
-17.0%
Month’s Supply of Inventory ................................
3.8
3.9
3.7
7.3
93.0%
Percent Under Contract ........................................
25.0%
36.6%
31.0%
31.8%
27.3%
Average Median Price for Last 12 Months ........
$802,000
$1,038,000
$1,209,333
$981,231
22.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$942
NOV
$1,340,000
DEC JAN
MEDIAN SALES PRICE
FEB
$647
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.340 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Santa Ynez DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$656,000
$582,500
$875,000
$494,000
-24.7%
Average Price per Square Foot ...........................
$316
$297
$349
$414
31.0%
Properties Sold .......................................................
5
7
13
14
180.0%
Properties Pending Sale .......................................
2
12
10
10
400.0%
Properties For Sale ................................................
118
118
119
111
-5.9%
Days on Market (Pending Sale) ...........................
44
97
101
51
15.9%
Month’s Supply of Inventory ................................
23.6
16.9
9.2
7.9
-66.4%
Percent Under Contract ........................................
1.7%
10.2%
8.4%
9.0%
431.5%
Average Median Price for Last 12 Months ........
$667,000
$731,708
$693,417
$708,788
6.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $656
OCT NOV
$494,000
DEC JAN
MEDIAN SALES PRICE
FEB
$414
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
7.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$494 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Monterey County
Carmel Carmel Valley Pacific Grove Pebble Beach
Micro Market Report : October 2014
telesproperties.com
County: MONTEREY Area: 3,771 SQ MILES Founded: 1850
Micro Market Report : October 2014
telesproperties.com
Carmel DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,050,000
$1,395,000
$1,325,000
$1,606,150
53.0%
Average Price per Square Foot ...........................
$772
$878
$823
$876
13.5%
Properties Sold .......................................................
11
20
25
28
154.5%
Properties Pending Sale .......................................
17
36
28
18
5.9%
Properties For Sale ................................................
166
156
144
130
-21.7%
Days on Market (Pending Sale) ...........................
174
70
96
165
-5.2%
Month’s Supply of Inventory ................................
15.1
7.8
5.8
4.6
-69.2%
Percent Under Contract ........................................
10.2%
23.1%
19.4%
13.8%
35.2%
Average Median Price for Last 12 Months ........
$1,235,000
$1,410,608
$1,513,717
$1,409,848
14.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.050
NOV
$1,606,150
DEC JAN
MEDIAN SALES PRICE
FEB
$876
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.6 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.606 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Carmel Valley DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,058,500
$832,000
$812,000
$870,000
-17.8%
Average Price per Square Foot ...........................
$423
$516
$346
$408
-3.5%
Properties Sold .......................................................
6
16
14
7
16.7%
Properties Pending Sale .......................................
10
17
12
6
-40.0%
Properties For Sale ................................................
120
95
100
90
-25.0%
Days on Market (Pending Sale) ...........................
95
90
134
67
-29.5%
Month’s Supply of Inventory ................................
20
5.9
7.1
12.9
-35.7%
Percent Under Contract ........................................
8.3%
17.9%
12.0%
6.7%
-20.0%
Average Median Price for Last 12 Months ........
$881,000
$895,333
$925,333
$1,014,519
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $1.058
OCT NOV
$870,000
DEC JAN
MEDIAN SALES PRICE
FEB
$408
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
12.9 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$870 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Pacific Grove DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$727,900
$725,000
$713,500
$705,000
-3.1%
Average Price per Square Foot ...........................
$575
$538
$578
$526
-8.5%
Properties Sold .......................................................
15
15
13
18
20.0%
Properties Pending Sale .......................................
11
21
15
13
18.2%
Properties For Sale ................................................
56
63
59
62
10.7%
Days on Market (Pending Sale) ...........................
80
67
73
53
-33.8%
Month’s Supply of Inventory ................................
3.7
4.2
4.5
3.4
-7.7%
Percent Under Contract ........................................
19.6%
33.3%
25.4%
21.0%
6.7%
Average Median Price for Last 12 Months ........
$670,000
$723,750
$732,167
$729,796
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$727
NOV
$705,000
DEC JAN
MEDIAN SALES PRICE
FEB
$526
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$705 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Pebble Beach DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,130,000
$1,350,000
$1,650,000
$1,287,500
13.9%
Average Price per Square Foot ...........................
$589
$595
$615
$1,423
141.6%
Properties Sold .......................................................
9
11
11
16
77.8%
Properties Pending Sale .......................................
5
13
12
9
80.0%
Properties For Sale ................................................
93
75
96
83
-10.8%
Days on Market (Pending Sale) ...........................
67
106
67
135
101.5%
Month’s Supply of Inventory ................................
10.3
6.8
8.7
5.2
-49.8%
Percent Under Contract ........................................
5.4%
17.3%
12.5%
10.8%
101.7%
Average Median Price for Last 12 Months ........
$1,307,000
$1,474,167
$1,489,167
$1,469,787
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.130
NOV
$1,287,500
DEC JAN
MEDIAN SALES PRICE
FEB
$1,423
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.2 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.287 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Condominiums
Beverly Center - Miracle Mile Beverly Hills Brentwood Culver City Encino Malibu Marina Del Rey Santa Monica Sherman Oaks Studio City Venice West Hollywood West LA Westwood - Century City
Micro Market Report : October 2014
telesproperties.com
County: LOS ANGELES ORANGE SANTA BARBARA MONTEREY
Micro Market Report : October 2014
telesproperties.com
Beverly Center - Miracle Mile DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$754,500
$730,000
$615,000
$610,000
-19.2%
Average Price per Square Foot ...........................
$481
$503
$441
$474
-1.5%
Properties Sold .......................................................
14
9
7
6
-57.1%
Properties Pending Sale .......................................
7
6
12
6
-14.3%
Properties For Sale ................................................
40
29
37
30
-25.0%
Days on Market (Pending Sale) ...........................
31
28
56
36
16.1%
Month’s Supply of Inventory ................................
2.9
3.2
5.3
5
75.0%
Percent Under Contract ........................................
17.5%
20.7%
32.4%
20.0%
14.3%
Average Median Price for Last 12 Months ........
$576,000
$596,750
$610,000
$657,462
14.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $754
OCT NOV
$610,000
DEC JAN
MEDIAN SALES PRICE
FEB
$474
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$610 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Beverly Hills DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,067,500
$1,015,000
$955,000
$1,412,500
32.3%
Average Price per Square Foot ...........................
$505
$612
$561
$622
23.2%
Properties Sold .......................................................
8
9
6
6
-25.0%
Properties Pending Sale .......................................
5
15
11
8
60.0%
Properties For Sale ................................................
48
52
59
53
10.4%
Days on Market (Pending Sale) ...........................
30
70
65
67
123.3%
Month’s Supply of Inventory ................................
6
5.8
9.8
8.8
47.2%
Percent Under Contract ........................................
10.4%
28.8%
18.6%
15.1%
44.9%
Average Median Price for Last 12 Months ........
$855,000
$1,137,000
$1,277,167
$1,085,385
26.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.067
NOV
$1,412,500
DEC JAN
MEDIAN SALES PRICE
FEB
$622
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
8.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.412 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Brentwood DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$715,000
$803,500
$758,500
$770,000
7.7%
Average Price per Square Foot ...........................
$492
$524
$514
$532
8.1%
Properties Sold .......................................................
14
17
10
19
35.7%
Properties Pending Sale .......................................
12
22
25
19
58.3%
Properties For Sale ................................................
73
78
107
89
21.9%
Days on Market (Pending Sale) ...........................
55
40
33
84
52.7%
Month’s Supply of Inventory ................................
5.2
4.6
10.7
4.7
-10.2%
Percent Under Contract ........................................
16.4%
28.2%
23.4%
21.3%
29.9%
Average Median Price for Last 12 Months ........
$693,000
$748,750
$796,500
$752,692
8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$715
NOV
$770,000
DEC JAN
MEDIAN SALES PRICE
FEB
$532
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$770 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Culver City DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$367,500
$350,000
$407,500
$410,000
11.6%
Average Price per Square Foot ...........................
$410
$370
$399
$424
3.4%
Properties Sold .......................................................
12
14
22
13
8.3%
Properties Pending Sale .......................................
12
14
17
18
50.0%
Properties For Sale ................................................
36
46
48
50
38.9%
Days on Market (Pending Sale) ...........................
30
20
56
20
-33.3%
Month’s Supply of Inventory ................................
3
3.3
2.2
3.8
28.2%
Percent Under Contract ........................................
33.3%
30.4%
35.4%
36.0%
8.0%
Average Median Price for Last 12 Months ........
$371,000
$418,708
$425,667
$411,327
10.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$367
NOV
$410,000
DEC JAN
MEDIAN SALES PRICE
FEB
$424
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$410 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Encino DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$266,000
$329,000
$255,000
$354,000
33.1%
Average Price per Square Foot ...........................
$257
$255
$416
$286
11.3%
Properties Sold .......................................................
14
20
12
14
0.0%
Properties Pending Sale .......................................
9
20
17
20
122.2%
Properties For Sale ................................................
32
51
42
48
50.0%
Days on Market (Pending Sale) ...........................
29
50
79
77
165.5%
Month’s Supply of Inventory ................................
2.3
2.6
3.5
3.4
50.0%
Percent Under Contract ........................................
28.1%
39.2%
40.5%
41.7%
48.1%
Average Median Price for Last 12 Months ........
$263,923
$291,167
$303,333
$295,385
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$266
NOV
$354,000
DEC JAN
MEDIAN SALES PRICE
FEB
$286
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$354 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Malibu DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$980,000
$1,075,000
$589,000
$1,290,000
31.6%
Average Price per Square Foot ...........................
$558
$812
$576
$643
15.2%
Properties Sold .......................................................
4
2
3
2
-50.0%
Properties Pending Sale .......................................
2
5
3
5
150.0%
Properties For Sale ................................................
26
20
22
24
-7.7%
Days on Market (Pending Sale) ...........................
78
37
60
82
5.1%
Month’s Supply of Inventory ................................
6.5
10
7.3
12
84.6%
Percent Under Contract ........................................
7.7%
25.0%
13.6%
20.8%
170.8%
Average Median Price for Last 12 Months ........
$680,000
$935,667
$1,071,667
$860,417
26.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$980
NOV
$1,290,000
DEC JAN
MEDIAN SALES PRICE
FEB
$643
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
12 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.290 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Marina Del Rey DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$770,000
$765,000
$767,500
$758,750
-1.5%
Average Price per Square Foot ...........................
$570
$591
$560
$587
3.0%
Properties Sold .......................................................
22
25
34
28
27.3%
Properties Pending Sale .......................................
28
33
34
29
3.6%
Properties For Sale ................................................
168
141
121
112
-33.3%
Days on Market (Pending Sale) ...........................
48
76
63
72
50.0%
Month’s Supply of Inventory ................................
7.6
5.6
3.6
4
-47.6%
Percent Under Contract ........................................
16.7%
23.4%
28.1%
25.9%
55.4%
Average Median Price for Last 12 Months ........
$689,000
$780,792
$769,083
$750,127
8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$770
NOV
$758,750
DEC JAN
MEDIAN SALES PRICE
FEB
$587
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$758 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Santa Monica DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$787,000
$767,500
$872,500
$925,000
17.5%
Average Price per Square Foot ...........................
$704
$715
$804
$819
16.3%
Properties Sold .......................................................
32
42
36
56
75.0%
Properties Pending Sale .......................................
35
42
43
41
17.1%
Properties For Sale ................................................
119
135
165
156
31.1%
Days on Market (Pending Sale) ...........................
34
39
32
40
17.6%
Month’s Supply of Inventory ................................
3.7
3.2
4.6
2.8
-25.1%
Percent Under Contract ........................................
29.4%
31.1%
26.1%
26.3%
-10.6%
Average Median Price for Last 12 Months ........
$747,000
$1,007,900
$1,040,133
$871,304
16.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$787
NOV
$925,000
DEC JAN
MEDIAN SALES PRICE
FEB
$819
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$925 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Sherman Oaks DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$365,000
$375,000
$390,000
$405,000
11.0%
Average Price per Square Foot ...........................
$295
$312
$311
$298
1.0%
Properties Sold .......................................................
21
18
16
17
-19.0%
Properties Pending Sale .......................................
19
26
33
18
-5.3%
Properties For Sale ................................................
36
52
51
59
63.9%
Days on Market (Pending Sale) ...........................
53
52
56
53
0.0%
Month’s Supply of Inventory ................................
1.7
2.9
3.2
3.5
102.5%
Percent Under Contract ........................................
52.8%
50.0%
64.7%
30.5%
-42.2%
Average Median Price for Last 12 Months ........
$339,308
$396,667
$390,667
$394,308
16.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$365
NOV
$405,000
DEC JAN
MEDIAN SALES PRICE
FEB
$298
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
3.5 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$405 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Studio City DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$450,000
$450,000
$529,000
$540,000
20.0%
Average Price per Square Foot ...........................
$351
$396
$381
$376
7.1%
Properties Sold .......................................................
16
8
15
11
-31.2%
Properties Pending Sale .......................................
10
6
13
11
10.0%
Properties For Sale ................................................
24
33
28
31
29.2%
Days on Market (Pending Sale) ...........................
50
77
64
68
36.0%
Month’s Supply of Inventory ................................
1.5
4.1
1.9
2.8
87.9%
Percent Under Contract ........................................
41.7%
18.2%
46.4%
35.5%
-14.8%
Average Median Price for Last 12 Months ........
$444,923
$498,833
$493,000
$478,000
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$450
NOV
$540,000
DEC JAN
MEDIAN SALES PRICE
FEB
$376
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
2.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$540 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Venice DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$1,062,500
$1,101,300
$1,385,000
$1,050,000
-1.2%
Average Price per Square Foot ...........................
$631
$786
$672
$765
21.2%
Properties Sold .......................................................
4
5
2
3
-25.0%
Properties Pending Sale .......................................
7
2
2
6
-14.3%
Properties For Sale ................................................
20
13
20
32
60.0%
Days on Market (Pending Sale) ...........................
44
6
54
76
72.7%
Month’s Supply of Inventory ................................
5
2.6
10
10.7
113.3%
Percent Under Contract ........................................
35.0%
15.4%
10.0%
18.8%
-46.4%
Average Median Price for Last 12 Months ........
$1,118,000
$1,237,833
$1,087,500
$1,135,733
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$1.062
NOV
$1,050,000
DEC JAN
MEDIAN SALES PRICE
FEB
$765
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
10.7 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$1.050 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
West Hollywood DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$582,500
$645,000
$590,000
$590,000
1.3%
Average Price per Square Foot ...........................
$522
$579
$513
$548
5.0%
Properties Sold .......................................................
32
33
35
29
-9.4%
Properties Pending Sale .......................................
27
32
31
33
22.2%
Properties For Sale ................................................
138
140
138
154
11.6%
Days on Market (Pending Sale) ...........................
41
45
49
46
12.2%
Month’s Supply of Inventory ................................
4.3
4.2
3.9
5.3
23.1%
Percent Under Contract ........................................
19.6%
22.9%
22.5%
21.4%
9.5%
Average Median Price for Last 12 Months ........
$505,000
$622,917
$635,833
$635,135
25.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$582
NOV
$590,000
DEC JAN
MEDIAN SALES PRICE
FEB
$548
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.3 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$590 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
West LA DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$549,000
$575,000
$596,000
$605,500
10.3%
Average Price per Square Foot ...........................
$462
$465
$483
$456
-1.3%
Properties Sold .......................................................
9
15
21
13
44.4%
Properties Pending Sale .......................................
13
11
17
15
15.4%
Properties For Sale ................................................
52
56
55
62
19.2%
Days on Market (Pending Sale) ...........................
52
27
38
41
-21.2%
Month’s Supply of Inventory ................................
5.8
3.7
2.6
4.8
-17.5%
Percent Under Contract ........................................
25.0%
19.6%
30.9%
24.2%
-3.2%
Average Median Price for Last 12 Months ........
$626,000
$643,667
$621,833
$636,327
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot OCT
$549
NOV
$605,500
DEC JAN
MEDIAN SALES PRICE
FEB
$456
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
4.8 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$605 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
Westwood - Century City DATA*
Oct 2013
6 month
3 month
Oct 2014
% change
Median Price ..........................................................
$952,500
$749,000
$798,000
$707,500
-25.7%
Average Price per Square Foot ...........................
$762
$708
$796
$629
-17.5%
Properties Sold .......................................................
38
41
47
50
31.6%
Properties Pending Sale .......................................
44
46
48
43
-2.3%
Properties For Sale ................................................
288
280
304
270
-6.2%
Days on Market (Pending Sale) ...........................
67
76
53
72
7.5%
Month’s Supply of Inventory ................................
7.6
6.8
6.5
5.4
-28.7%
Percent Under Contract ........................................
15.3%
16.4%
15.8%
15.9%
4.2%
Average Median Price for Last 12 Months ........
$684,000
$764,229
$751,125
$760,918
11.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot $952
OCT NOV
$707,500
DEC JAN
MEDIAN SALES PRICE
FEB
$629
MAR APR
AVERAGE PRICE PER SQ FT
MAY JUN JUL
5.4 MONTH’S SUPPLY OF INVENTORY
AUG SEP OCT
$707 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : October 2014
telesproperties.com
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