Teles intelligence
micro market report san fernando valley AUGUST 2012 | 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 : August 2012
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
August 2012 : Micro Market Report
San Fernando Macro Market DATA *
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$573,000
$553,615
-3.4%
Average Price per Square Foot ...........................
$311
$303
-2.5%
Properties Sold .......................................................
390
466
19.5%
Properties Pending Sale .......................................
419
595
42.0%
Properties For Sale ................................................
1482
823
-44.5%
Days on Market (Pending Sale) ...........................
75
77
3.0%
Month’s Supply of Inventory ................................
3.8
1.8
-53.5%
Percent Under Contract ........................................
28.3%
72.3%
155.7%
Average Median Price for Last 12 Months ........
$557,089
$548,154
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in South Bay Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$573
M E D I A N
S A L E S
(in hundred thousands)
$554
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
Burbank DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$500,000
$482,000
-3.6%
Average Price per Square Foot ...........................
$331
$328
-0.9%
Properties Sold .......................................................
49
48
-2.0%
Properties Pending Sale .......................................
53
75
41.5%
Properties For Sale ................................................
150
69
-54.0%
Days on Market (Pending Sale) ...........................
66
77
16.7%
Month’s Supply of Inventory ................................
3.1
1.4
-53.0%
Percent Under Contract ........................................
35.3%
108.7%
207.6%
Average Median Price for Last 12 Months ........
$516,154
$486,769
-5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$500
M E D I A N
S A L E S
(in hundred thousands)
$482
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$486,769
PROPERTIES FOR SALE
69
DAYS ON MARKET**
67
SHADOW INVENTORY
278
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Encino DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$839,000
$595,000
-29.1%
Average Price per Square Foot ...........................
$346
$357
3.2%
Properties Sold .......................................................
32
39
21.9%
Properties Pending Sale .......................................
34
48
41.2%
Properties For Sale ................................................
165
81
-50.9%
Days on Market (Pending Sale) ...........................
44
82
86.4%
Month’s Supply of Inventory ................................
5.2
2.1
-59.7%
Percent Under Contract ........................................
20.6%
59.3%
187.6%
Average Median Price for Last 12 Months ........
$749,846
$785,538
4.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$595
S A L E S
$839
(in hundred thousands)
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$785,538
PROPERTIES FOR SALE
81
DAYS ON MARKET**
76
SHADOW INVENTORY
173
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Glendale DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$575,000
$575,000
0.0%
Average Price per Square Foot ...........................
$312
$318
1.9%
Properties Sold .......................................................
49
75
53.1%
Properties Pending Sale .......................................
60
93
55.0%
Properties For Sale ................................................
215
129
-40.0%
Days on Market (Pending Sale) ...........................
79
72
-8.9%
Month’s Supply of Inventory ................................
4.4
1.7
-60.8%
Percent Under Contract ........................................
27.9%
72.1%
158.3%
Average Median Price for Last 12 Months ........
$596,769
$572,923
-4.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$575
(in hundred thousands)
$575
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$572,923
PROPERTIES FOR SALE
129
DAYS ON MARKET**
75
SHADOW INVENTORY
327
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
La Crescenta DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$642,000
$525,000
-18.2%
Average Price per Square Foot ...........................
$322
$329
2.2%
Properties Sold .......................................................
16
23
43.8%
Properties Pending Sale .......................................
13
24
84.6%
Properties For Sale ................................................
52
27
-48.1%
Days on Market (Pending Sale) ...........................
92
127
38.0%
Month’s Supply of Inventory ................................
3.3
1.2
-63.9%
Percent Under Contract ........................................
25.0%
88.9%
255.6%
Average Median Price for Last 12 Months ........
$584,846
$536,308
-8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$525
(in hundred thousands)
$642
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$536,308
PROPERTIES FOR SALE
27
DAYS ON MARKET**
86
SHADOW INVENTORY
80
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
North Hollywood DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$295,000
$302,000
2.4%
Average Price per Square Foot ...........................
$225
$239
6.2%
Properties Sold .......................................................
43
36
-16.3%
Properties Pending Sale .......................................
51
65
27.5%
Properties For Sale ................................................
152
49
-67.8%
Days on Market (Pending Sale) ...........................
87
81
-6.9%
Month’s Supply of Inventory ................................
3.5
1.4
-61.5%
Percent Under Contract ........................................
33.6%
132.7%
295.4%
Average Median Price for Last 12 Months ........
$311,308
$300,385
-3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$302
M E D I A N
S A L E S
(in hundred thousands)
$295
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$300,385
PROPERTIES FOR SALE
49
DAYS ON MARKET**
78
SHADOW INVENTORY
384
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Shadow Hil s DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$715,000
$627,000
-12.3%
Average Price per Square Foot ...........................
$274
$249
-9.1%
Properties Sold .......................................................
3
7
133.3%
Properties Pending Sale .......................................
3
6
100.0%
Properties For Sale ................................................
21
14
-33.3%
Days on Market (Pending Sale) ...........................
92
79
-14.1%
Month’s Supply of Inventory ................................
7.0
2.0
-71.4%
Percent Under Contract ........................................
14.3%
42.9%
200.0%
Average Median Price for Last 12 Months ........
$489,692
$587,917
20.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$627
(in hundred thousands)
$715
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$587,917
PROPERTIES FOR SALE
14
DAYS ON MARKET**
91
SHADOW INVENTORY
1
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Sherman Oaks DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$685,000
$690,000
0.7%
Average Price per Square Foot ...........................
$379
$357
-5.8%
Properties Sold .......................................................
45
56
24.4%
Properties Pending Sale .......................................
40
62
55.0%
Properties For Sale ................................................
170
123
-27.6%
Days on Market (Pending Sale) ...........................
62
69
11.3%
Month’s Supply of Inventory ................................
3.8
2.2
-41.9%
Percent Under Contract ........................................
23.5%
50.4%
114.2%
Average Median Price for Last 12 Months ........
$674,615
$667,846
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$690
M E D I A N
S A L E S
(in hundred thousands)
$685
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$667,846
PROPERTIES FOR SALE
123
DAYS ON MARKET**
74
SHADOW INVENTORY
125
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Studio City DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$807,000
$785,000
-2.7%
Average Price per Square Foot ...........................
$457
$416
-9.0%
Properties Sold .......................................................
25
28
12.0%
Properties Pending Sale .......................................
26
34
30.8%
Properties For Sale ................................................
115
62
-46.1%
Days on Market (Pending Sale) ...........................
62
56
-9.7%
Month’s Supply of Inventory ................................
4.6
2.2
-51.9%
Percent Under Contract ........................................
22.6%
54.8%
142.6%
Average Median Price for Last 12 Months ........
$809,538
$816,154
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$807
M E D I A N
S A L E S
(in hundred thousands)
$785
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$816,154
PROPERTIES FOR SALE
62
DAYS ON MARKET**
72
SHADOW INVENTORY
58
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Sun Valley DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$300,000
$302,000
0.7%
Average Price per Square Foot ...........................
$207
$197
-4.8%
Properties Sold .......................................................
13
18
38.5%
Properties Pending Sale .......................................
20
27
35.0%
Properties For Sale ................................................
70
27
-61.4%
Days on Market (Pending Sale) ...........................
88
69
-21.6%
Month’s Supply of Inventory ................................
5.4
1.5
-72.1%
Percent Under Contract ........................................
28.6%
100.0%
250.0%
Average Median Price for Last 12 Months ........
$271,846
$262,077
-3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$302
M E D I A N
S A L E S
(in hundred thousands)
$300
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$262,077
PROPERTIES FOR SALE
27
DAYS ON MARKET**
74
SHADOW INVENTORY
147
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Sunland - Tujunga DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$348,000
$360,000
3.4%
Average Price per Square Foot ...........................
$228
$233
2.2%
Properties Sold .......................................................
45
39
-13.3%
Properties Pending Sale .......................................
44
50
13.6%
Properties For Sale ................................................
109
67
-38.5%
Days on Market (Pending Sale) ...........................
80
61
-23.8%
Month’s Supply of Inventory ................................
2.4
1.7
-29.1%
Percent Under Contract ........................................
40.4%
74.6%
84.9%
Average Median Price for Last 12 Months ........
$338,692
$335,154
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$360
M E D I A N
S A L E S
(in hundred thousands)
$348
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$335,154
PROPERTIES FOR SALE
67
DAYS ON MARKET**
76
SHADOW INVENTORY
248
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Toluca Lake DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$593,000
$731,000
23.3%
Average Price per Square Foot ...........................
$418
$361
-13.6%
Properties Sold .......................................................
6
15
150.0%
Properties Pending Sale .......................................
9
7
-22.2%
Properties For Sale ................................................
24
20
-16.7%
Days on Market (Pending Sale) ...........................
89
108
21.3%
Month’s Supply of Inventory ................................
4.0
1.3
-66.7%
Percent Under Contract ........................................
37.5%
35.0%
-6.7%
Average Median Price for Last 12 Months ........
$786,308
$709,750
-9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$593
(in hundred thousands)
$731
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$709,750
PROPERTIES FOR SALE
20
DAYS ON MARKET**
90
SHADOW INVENTORY
9
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Valley Vil age DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$585,000
$667,000
14.0%
Average Price per Square Foot ...........................
$287
$296
3.1%
Properties Sold .......................................................
13
14
7.7%
Properties Pending Sale .......................................
8
23
187.5%
Properties For Sale ................................................
41
31
-24.4%
Days on Market (Pending Sale) ...........................
63
59
-6.3%
Month’s Supply of Inventory ................................
3.2
2.2
-29.8%
Percent Under Contract ........................................
19.5%
74.2%
280.2%
Average Median Price for Last 12 Months ........
$579,385
$564,769
-2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$667
M E D I A N
S A L E S
(in hundred thousands)
$585
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$564,769
PROPERTIES FOR SALE
31
DAYS ON MARKET**
60
SHADOW INVENTORY
10
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
Woodland Hil s DATA
AUG 2011
AUG 2012
% CHANGE
Median Price ..........................................................
$565,000
$556,000
-1.6%
Average Price per Square Foot ...........................
$259
$263
1.5%
Properties Sold .......................................................
51
68
33.3%
Properties Pending Sale .......................................
58
81
39.7%
Properties For Sale ................................................
198
124
-37.4%
Days on Market (Pending Sale) ...........................
69
62
-10.1%
Month’s Supply of Inventory ................................
3.9
1.8
-53.0%
Percent Under Contract ........................................
29.3%
65.3%
123.0%
Average Median Price for Last 12 Months ........
$533,154
$520,846
-2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$565
M E D I A N
S A L E S
(in hundred thousands)
$556
P R I C E
yearly trend
AUG
SEP
OCT
NOV
Micro Market Report : August 2012
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
telesintelligence.com
the numbers median sales price**
$520,846
PROPERTIES FOR SALE
124
DAYS ON MARKET**
74
SHADOW INVENTORY
341
**12 month average
acti v e listin g s
s h ad o w in v ent o r y
Teles intelligence where data meets reason
August 2012 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.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 AUGUST 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.