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micro market report san fernando valley August 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 : August 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
August 2013 : Micro Market Report
San Fernando Valley Macro Market DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$552,643
$731,143
32.3%
Average Price per Square Foot ...........................
$300
$368
22.5%
Properties Sold .......................................................
536
575
7.3%
Properties Pending Sale .......................................
568
544
-4.2%
Properties For Sale ................................................
897
982
9.5%
Days on Market (Pending Sale) ...........................
81
50
-38.2%
Month’s Supply of Inventory ................................
1.7
1.7
2.1%
Percent Under Contract ........................................
63.3%
55.4%
-12.5%
Average Median Price for Last 12 Months ........
$552,267
$645,291
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.
$731
M E D I A N
S A L E S
(in hundred thousands)
$553
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : August 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Burbank DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$470,000
$595,000
26.6%
Average Price per Square Foot ...........................
$326
$406
24.5%
Properties Sold .......................................................
51
62
21.6%
Properties Pending Sale .......................................
62
56
-9.7%
Properties For Sale ................................................
69
78
13.0%
Days on Market (Pending Sale) ...........................
78
35
-55.1%
Month’s Supply of Inventory ................................
1.4
1.3
-7.0%
Percent Under Contract ........................................
89.9%
71.8%
-20.1%
Average Median Price for Last 12 Months ........
$485,692
$551,385
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.
(in hundred thousands)
$595
P R I C E
yearly trend
M E D I A N
S A L E S
$470
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$551,385
PROPERTIES FOR SALE
78
DAYS ON MARKET**
54
shadow inventory
71
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Encino DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$576,000
$994,000
72.6%
Average Price per Square Foot ...........................
$357
$413
15.7%
Properties Sold .......................................................
42
36
-14.3%
Properties Pending Sale .......................................
40
29
-27.5%
Properties For Sale ................................................
83
108
30.1%
Days on Market (Pending Sale) ...........................
77
47
-39.0%
Month’s Supply of Inventory ................................
2
3
51.8%
Percent Under Contract ........................................
48.2%
26.9%
-44.3%
Average Median Price for Last 12 Months ........
$784,154
$803,846
2.5%
*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)
$994
P R I C E
yearly trend
M E D I A N
$576
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$803,846
PROPERTIES FOR SALE
108
DAYS ON MARKET**
65
shadow inventory
64
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Glendale DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$572,000
$700,000
22.4%
Average Price per Square Foot ...........................
$321
$375
16.8%
Properties Sold .......................................................
76
83
9.2%
Properties Pending Sale .......................................
88
73
-17.0%
Properties For Sale ................................................
130
110
-15.4%
Days on Market (Pending Sale) ...........................
71
48
-32.4%
Month’s Supply of Inventory ................................
1.7
1.3
-22.5%
Percent Under Contract ........................................
67.7%
66.4%
-2.0%
Average Median Price for Last 12 Months ........
$572,462
$629,615
10.0%
*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.
$700
M E D I A N
S A L E S
(in hundred thousands)
$572
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$629,615
PROPERTIES FOR SALE
110
DAYS ON MARKET**
58
shadow inventory
109
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
La Crescenta DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$525,000
$773,000
47.2%
Average Price per Square Foot ...........................
$329
$411
24.9%
Properties Sold .......................................................
23
18
-21.7%
Properties Pending Sale .......................................
22
21
-4.5%
Properties For Sale ................................................
27
33
22.2%
Days on Market (Pending Sale) ...........................
127
38
-70.1%
Month’s Supply of Inventory ................................
1.2
1.8
56.2%
Percent Under Contract ........................................
81.5%
63.6%
-21.9%
Average Median Price for Last 12 Months ........
$538,231
$621,462
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.
(in hundred thousands)
$773
P R I C E
yearly trend
M E D I A N
S A L E S
$525
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$621,462
PROPERTIES FOR SALE
33
DAYS ON MARKET**
55
shadow inventory
28
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
North Hollywood DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$300,000
$400,000
33.3%
Average Price per Square Foot ...........................
$231
$306
32.5%
Properties Sold .......................................................
44
44
0.0%
Properties Pending Sale .......................................
60
47
-21.7%
Properties For Sale ................................................
49
62
26.5%
Days on Market (Pending Sale) ...........................
80
39
-51.2%
Month’s Supply of Inventory ................................
1.1
1.4
26.5%
Percent Under Contract ........................................
122.4%
75.8%
-38.1%
Average Median Price for Last 12 Months ........
$300,462
$353,846
17.8%
*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.
(in hundred thousands)
$400
P R I C E
yearly trend
M E D I A N
S A L E S
$300
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$353,846
PROPERTIES FOR SALE
62
DAYS ON MARKET**
59
shadow inventory
132
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Shadow Hills DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$527,000
$865,000
64.1%
Average Price per Square Foot ...........................
$249
$319
28.1%
Properties Sold .......................................................
7
5
-28.6%
Properties Pending Sale .......................................
5
2
-60.0%
Properties For Sale ................................................
15
19
26.7%
Days on Market (Pending Sale) ...........................
79
109
38.0%
Month’s Supply of Inventory ................................
2.1
3.8
77.3%
Percent Under Contract ........................................
33.3%
10.5%
-68.4%
Average Median Price for Last 12 Months ........
$579,583
$612,692
5.7%
*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.
S A L E S
(in hundred thousands)
$865
P R I C E
yearly trend
M E D I A N
$527
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$612,692
PROPERTIES FOR SALE
19
DAYS ON MARKET**
102
shadow inventory
2
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Sherman Oaks DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$690,000
$828,000
20.0%
Average Price per Square Foot ...........................
$350
$433
23.7%
Properties Sold .......................................................
60
70
16.7%
Properties Pending Sale .......................................
57
65
14.0%
Properties For Sale ................................................
125
126
0.8%
Days on Market (Pending Sale) ...........................
73
50
-31.5%
Month’s Supply of Inventory ................................
2.1
1.8
-13.6%
Percent Under Contract ........................................
45.6%
51.6%
13.1%
Average Median Price for Last 12 Months ........
$667,692
$752,769
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.
$828
M E D I A N
S A L E S
(in hundred thousands)
$690
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$752,769
PROPERTIES FOR SALE
126
DAYS ON MARKET**
64
shadow inventory
64
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Studio City DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$785,000
$1,163,000
48.2%
Average Price per Square Foot ...........................
$416
$472
13.5%
Properties Sold .......................................................
28
48
71.4%
Properties Pending Sale .......................................
31
42
35.5%
Properties For Sale ................................................
62
87
40.3%
Days on Market (Pending Sale) ...........................
56
57
1.8%
Month’s Supply of Inventory ................................
2.2
1.8
-18.1%
Percent Under Contract ........................................
50.0%
48.3%
-3.4%
Average Median Price for Last 12 Months ........
$816,154
$903,462
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.
(in hundred thousands)
$1.163
P R I C E
yearly trend
M E D I A N
S A L E S
$785
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$903,462
PROPERTIES FOR SALE
87
DAYS ON MARKET**
60
shadow inventory
19
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Sun Valley DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$302,000
$366,000
21.2%
Average Price per Square Foot ...........................
$197
$256
29.9%
Properties Sold .......................................................
18
24
33.3%
Properties Pending Sale .......................................
27
22
-18.5%
Properties For Sale ................................................
29
41
41.4%
Days on Market (Pending Sale) ...........................
69
30
-56.5%
Month’s Supply of Inventory ................................
1.6
1.7
6.0%
Percent Under Contract ........................................
93.1%
53.7%
-42.4%
Average Median Price for Last 12 Months ........
$270,154
$315,538
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.
$366
M E D I A N
S A L E S
(in hundred thousands)
$302
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$315,538
PROPERTIES FOR SALE
41
DAYS ON MARKET**
54
shadow inventory
61
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Sunland/Tujunga DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$350,000
$446,000
27.4%
Average Price per Square Foot ...........................
$236
$264
11.9%
Properties Sold .......................................................
42
52
23.8%
Properties Pending Sale .......................................
49
47
-4.1%
Properties For Sale ................................................
67
56
-16.4%
Days on Market (Pending Sale) ...........................
59
44
-25.4%
Month’s Supply of Inventory ................................
1.6
1.1
-32.5%
Percent Under Contract ........................................
73.1%
83.9%
14.8%
Average Median Price for Last 12 Months ........
$334,769
$370,308
10.6%
*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.
$446
M E D I A N
S A L E S
(in hundred thousands)
$350
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$370,308
PROPERTIES FOR SALE
56
DAYS ON MARKET**
62
shadow inventory
73
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Tarzana DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$708,000
$700,000
-1.1%
Average Price per Square Foot ...........................
$287
$330
15.0%
Properties Sold .......................................................
40
31
-22.5%
Properties Pending Sale .......................................
27
27
0.0%
Properties For Sale ................................................
64
72
12.5%
Days on Market (Pending Sale) ...........................
83
60
-27.7%
Month’s Supply of Inventory ................................
1.6
2.3
45.2%
Percent Under Contract ........................................
42.2%
37.5%
-11.1%
Average Median Price for Last 12 Months ........
$595,923
$756,538
27.0%
*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.
M E D I A N
S A L E S
$700
(in hundred thousands)
$708
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$756,538
PROPERTIES FOR SALE
72
DAYS ON MARKET**
70
shadow inventory
48
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Toluca Lake DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$720,000
$1,033,000
43.5%
Average Price per Square Foot ...........................
$348
$455
30.7%
Properties Sold .......................................................
16
10
-37.5%
Properties Pending Sale .......................................
8
9
12.5%
Properties For Sale ................................................
21
17
-19.0%
Days on Market (Pending Sale) ...........................
115
57
-50.4%
Month’s Supply of Inventory ................................
1.3
1.7
29.5%
Percent Under Contract ........................................
38.1%
52.9%
39.0%
Average Median Price for Last 12 Months ........
$711,538
$1,101,000
54.7%
*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.
M E D I A N
$720
S A L E S
$1.033
(in hundred thousands)
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$1,101,000
PROPERTIES FOR SALE
17
DAYS ON MARKET**
84
shadow inventory
2
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Valley Village DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$667,000
$698,000
4.6%
Average Price per Square Foot ...........................
$296
$398
34.5%
Properties Sold .......................................................
16
16
0.0%
Properties Pending Sale .......................................
18
22
22.2%
Properties For Sale ................................................
31
23
-25.8%
Days on Market (Pending Sale) ...........................
104
41
-60.6%
Month’s Supply of Inventory ................................
1.9
1.4
-25.8%
Percent Under Contract ........................................
58.1%
95.7%
64.7%
Average Median Price for Last 12 Months ........
$554,077
$670,231
21.0%
*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.
$698
M E D I A N
S A L E S
(in hundred thousands)
$667
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$670,231
PROPERTIES FOR SALE
23
DAYS ON MARKET**
60
shadow inventory
8
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 2013 : Micro Market Report
Woodland Hills DATA*
Aug 2012
Aug 2013
% CHANGE
Median Price ..........................................................
$545,000
$675,000
23.9%
Average Price per Square Foot ...........................
$261
$310
18.8%
Properties Sold .......................................................
73
76
4.1%
Properties Pending Sale .......................................
74
82
10.8%
Properties For Sale ................................................
125
150
20.0%
Days on Market (Pending Sale) ...........................
63
46
-27.0%
Month’s Supply of Inventory ................................
1.7
2
15.3%
Percent Under Contract ........................................
59.2%
54.7%
-7.7%
Average Median Price for Last 12 Months ........
$520,846
$591,385
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.
$675
M E D I A N
S A L E S
(in hundred thousands)
$545
P R I C E
yearly trend
Aug
Sep
Oct
Nov
Micro Market Report : August 2013
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
telesintelligence.com
the numbers median sales price**
$591,385
PROPERTIES FOR SALE
150
DAYS ON MARKET**
65
shadow inventory
96
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
August 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 August 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.