Teles intelligence
micro market report san fernando valley APRIL 2013 | SINGLE FAMILY HOMES REPORT
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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:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
san fernando
san gab
los ang
San Fernando Macro Market
Glendale
Shadow Hills
Burbank
La Crescenta
Sherman Oaks
Encino
North Hollywood
Studio City
Micro Market Report : April 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
April 2013 : Micro Market Report
San Fernando Macro Market DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$554,000
$668,538
20.7%
Average Price per Square Foot ...........................
$299
$338
13.2%
Properties Sold .......................................................
384
482
25.5%
Properties Pending Sale .......................................
523
498
-4.8%
Properties For Sale ................................................
984
645
-34.5%
Days on Market (Pending Sale) ...........................
68
62
-8.3%
Month’s Supply of Inventory ................................
2.6
1.3
-47.8%
Percent Under Contract ........................................
53.2%
77.2%
45.3%
Average Median Price for Last 12 Months ........
$543,590
$606,041
11.5%
*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.
$669
M E D I A N
S A L E S
(in hundred thousands)
$554
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
Burbank DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$510,000
$600,000
17.6%
Average Price per Square Foot ...........................
$319
$369
15.7%
Properties Sold .......................................................
34
43
26.5%
Properties Pending Sale .......................................
65
57
-12.3%
Properties For Sale ................................................
89
61
-31.5%
Days on Market (Pending Sale) ...........................
63
43
-31.7%
Month’s Supply of Inventory ................................
2.6
1.4
-45.8%
Percent Under Contract ........................................
73.0%
93.4%
27.9%
Average Median Price for Last 12 Months ........
$488,154
$517,692
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.
$600
M E D I A N
S A L E S
(in hundred thousands)
$510
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$517,692 DAYS ON MARKET**
63 PROPERTIES FOR SALE
61 shadow inventory
97 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Encino DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$930,000
$970,000
4.3%
Average Price per Square Foot ...........................
$325
$390
20.0%
Properties Sold .......................................................
39
35
-10.3%
Properties Pending Sale .......................................
42
40
-4.8%
Properties For Sale ................................................
83
80
-3.6%
Days on Market (Pending Sale) ...........................
76
74
-2.6%
Month’s Supply of Inventory ................................
2.1
2.3
7.4%
Percent Under Contract ........................................
50.6%
50.0%
-1.2%
Average Median Price for Last 12 Months ........
$793,077
$799,615
0.8%
*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.
$970
M E D I A N
S A L E S
(in hundred thousands)
$930
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$799,615 DAYS ON MARKET**
71 PROPERTIES FOR SALE
7801 shadow inventory
76 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Glendale DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$604,000
$623,000
3.1%
Average Price per Square Foot ...........................
$312
$338
8.3%
Properties Sold .......................................................
50
58
16.0%
Properties Pending Sale .......................................
70
65
-7.1%
Properties For Sale ................................................
140
88
-37.1%
Days on Market (Pending Sale) ...........................
58
41
-29.3%
Month’s Supply of Inventory ................................
2.8
1.5
-45.8%
Percent Under Contract ........................................
50.0%
73.9%
47.7%
Average Median Price for Last 12 Months ........
$562,846
$596,846
6.0%
*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.
$623
M E D I A N
S A L E S
(in hundred thousands)
$604
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$596,846 DAYS ON MARKET**
63 PROPERTIES FOR SALE
88 shadow inventory
111 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
La Crescenta DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$530,000
$675,000
27.4%
Average Price per Square Foot ...........................
$307
$356
16.0%
Properties Sold .......................................................
16
27
68.8%
Properties Pending Sale .......................................
25
22
-12.0%
Properties For Sale ................................................
24
20
-16.7%
Days on Market (Pending Sale) ...........................
84
46
-45.2%
Month’s Supply of Inventory ................................
1.5
0.7
-50.6%
Percent Under Contract ........................................
104.2%
110.0%
5.6%
Average Median Price for Last 12 Months ........
$559,385
$572,692
2.4%
*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.
(in hundred thousands)
$675
P R I C E
yearly trend
M E D I A N
S A L E S
$530
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$572,692 DAYS ON MARKET**
61 PROPERTIES FOR SALE
20 shadow inventory
25 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
North Hollywood DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$298,000
$370,000
24.2%
Average Price per Square Foot ...........................
$225
$262
16.4%
Properties Sold .......................................................
41
51
24.4%
Properties Pending Sale .......................................
57
40
-29.8%
Properties For Sale ................................................
88
33
-62.5%
Days on Market (Pending Sale) ...........................
74
59
-20.3%
Month’s Supply of Inventory ................................
2.1
0.6
-69.9%
Percent Under Contract ........................................
64.8%
121.2%
87.1%
Average Median Price for Last 12 Months ........
$303,923
$320,923
5.6%
*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.
$370
M E D I A N
S A L E S
(in hundred thousands)
$298
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$320,923 DAYS ON MARKET**
67 PROPERTIES FOR SALE
33 shadow inventory
149 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Shadow Hills DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$450,000
$495,000
85.6%
Average Price per Square Foot ...........................
$258
$271
-12.8%
Properties Sold .......................................................
1
4
200.0%
Properties Pending Sale .......................................
6
2
0.0%
Properties For Sale ................................................
12
7
-16.7%
Days on Market (Pending Sale) ...........................
34
147
391.2%
Month’s Supply of Inventory ................................
12.0
1.8
-72.2%
Percent Under Contract ........................................
50.0%
28.6%
20.0%
Average Median Price for Last 12 Months ........
$554,667
$582,769
10.5%
*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.
S A L E S
(in hundred thousands)
$495
P R I C E
yearly trend
M E D I A N
$450
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$612,769 DAYS ON MARKET**
97 PROPERTIES FOR SALE
10 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Sherman Oaks DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$702,000
$775,000
10.4%
Average Price per Square Foot ...........................
$358
$412
15.1%
Properties Sold .......................................................
48
59
22.9%
Properties Pending Sale .......................................
67
75
11.9%
Properties For Sale ................................................
137
94
-31.4%
Days on Market (Pending Sale) ...........................
74
49
-33.8%
Month’s Supply of Inventory ................................
2.9
1.6
-44.2%
Percent Under Contract ........................................
48.9%
79.8%
63.1%
Average Median Price for Last 12 Months ........
$654,077
$720,385
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.
$775
M E D I A N
S A L E S
(in hundred thousands)
$702
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$720,385 DAYS ON MARKET**
69 PROPERTIES FOR SALE
94 shadow inventory
77 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Studio City DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$905,000
$875,000
-3.3%
Average Price per Square Foot ...........................
$419
$475
13.4%
Properties Sold .......................................................
27
31
14.8%
Properties Pending Sale .......................................
29
29
0.0%
Properties For Sale ................................................
79
59
-25.3%
Days on Market (Pending Sale) ...........................
94
52
-44.7%
Month’s Supply of Inventory ................................
2.9
1.9
-35.0%
Percent Under Contract ........................................
36.7%
49.2%
33.9%
Average Median Price for Last 12 Months ........
$801,769
$872,154
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.
$905
M E D I A N
S A L E S
(in hundred thousands)
$875
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$872,154 DAYS ON MARKET**
70 PROPERTIES FOR SALE
59 shadow inventory
34 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Sun Valley DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$255,000
$308,000
20.8%
Average Price per Square Foot ...........................
$181
$216
19.3%
Properties Sold .......................................................
25
24
-4.0%
Properties Pending Sale .......................................
22
15
-31.8%
Properties For Sale ................................................
41
23
-43.9%
Days on Market (Pending Sale) ...........................
82
36
-56.1%
Month’s Supply of Inventory ................................
1.6
1.0
-41.6%
Percent Under Contract ........................................
53.7%
65.2%
21.5%
Average Median Price for Last 12 Months ........
$267,000
$287,462
7.7%
*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.
$308
M E D I A N
S A L E S
(in hundred thousands)
$255
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$287,462 DAYS ON MARKET**
62 PROPERTIES FOR SALE
23 shadow inventory
66 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Sunland - Tujunga DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$327,000
$370,000
13.1%
Average Price per Square Foot ...........................
$239
$262
9.6%
Properties Sold .......................................................
37
43
16.2%
Properties Pending Sale .......................................
47
42
-10.6%
Properties For Sale ................................................
88
45
-48.9%
Days on Market (Pending Sale) ...........................
51
54
5.9%
Month’s Supply of Inventory ................................
2.4
1.0
-56.0%
Percent Under Contract ........................................
53.4%
93.3%
74.8%
Average Median Price for Last 12 Months ........
$322,308
$353,154
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.
$370
M E D I A N
S A L E S
(in hundred thousands)
$327
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$353,154 DAYS ON MARKET**
67 PROPERTIES FOR SALE
45 shadow inventory
105 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Toluca Lake DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$670,000
$1,055,000
57.5%
Average Price per Square Foot ...........................
$402
$430
7.0%
Properties Sold .......................................................
5
11
120.0%
Properties Pending Sale .......................................
9
11
22.2%
Properties For Sale ................................................
32
11
-65.6%
Days on Market (Pending Sale) ...........................
50
71
42.0%
Month’s Supply of Inventory ................................
6.4
1.0
-84.4%
Percent Under Contract ........................................
28.1%
100.0%
255.6%
Average Median Price for Last 12 Months ........
$725,000
$1,039,231
43.3%
*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.
M E D I A N
$670
S A L E S
$1.055
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,039,231 DAYS ON MARKET**
92 PROPERTIES FOR SALE
11 shadow inventory
8 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Valley Village DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$486,000
$595,000
22.4%
Average Price per Square Foot ...........................
$299
$378
26.4%
Properties Sold .......................................................
8
7
-12.5%
Properties Pending Sale .......................................
13
12
-7.7%
Properties For Sale ................................................
39
23
-41.0%
Days on Market (Pending Sale) ...........................
54
45
-16.7%
Month’s Supply of Inventory ................................
4.9
3.3
-32.6%
Percent Under Contract ........................................
33.3%
52.2%
56.5%
Average Median Price for Last 12 Months ........
$517,846
$635,923
22.8%
*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.
M E D I A N
S A L E S
$486
(in hundred thousands)
$595
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$635,923 DAYS ON MARKET**
63 PROPERTIES FOR SALE
23 shadow inventory
7 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Woodland Hills DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$535,000
$640,000
19.6%
Average Price per Square Foot ...........................
$239
$283
18.4%
Properties Sold .......................................................
53
90
69.8%
Properties Pending Sale .......................................
71
84
18.3%
Properties For Sale ................................................
132
98
-25.8%
Days on Market (Pending Sale) ...........................
85
69
-18.8%
Month’s Supply of Inventory ................................
2.5
1.1
-56.3%
Percent Under Contract ........................................
53.8%
85.7%
59.4%
Average Median Price for Last 12 Months ........
$516,615
$549,692
6.4%
*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.
$640
M E D I A N
S A L E S
(in hundred thousands)
$535
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$549,692 DAYS ON MARKET**
72 PROPERTIES FOR SALE
98 shadow inventory
127 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
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References
CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence APRIL 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.