Teles intelligence
micro market report san fernando valley DECEMBER 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 : December 2012
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
December 2012 : Micro Market Report
San Fernando Macro Market DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$551,538
$603,154
9.4%
Average Price per Square Foot ...........................
$298
$318
6.6%
Properties Sold .......................................................
383
426
11.2%
Properties Pending Sale .......................................
351
392
11.7%
Properties For Sale ................................................
1133
578
-49.0%
Days on Market (Pending Sale) ...........................
78
88
12.9%
Month’s Supply of Inventory ................................
3.0
1.4
-54.1%
Percent Under Contract ........................................
31.0%
67.8%
118.9%
Average Median Price for Last 12 Months ........
$550,154
$567,557
3.2%
*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.
M E D I A N
S A L E S
(in hundred thousands)
$603
$552
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
Burbank DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$490,000
$535,000
9.2%
Average Price per Square Foot ...........................
$323
$337
4.3%
Properties Sold .......................................................
38
59
55.3%
Properties Pending Sale .......................................
42
37
-11.9%
Properties For Sale ................................................
99
54
-45.5%
Days on Market (Pending Sale) ...........................
67
56
-16.4%
Month’s Supply of Inventory ................................
2.6
0.9
-64.9%
Percent Under Contract ........................................
42.4%
68.5%
61.5%
Average Median Price for Last 12 Months ........
$492,538
$499,846
1.5%
*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.
$535
M E D I A N
S A L E S
(in hundred thousands)
$490
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$499,846 PROPERTIES FOR SALE
54 DAYS ON MARKET**
68 shadow inventory
185 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Encino DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$800,000
$850,000
6.3%
Average Price per Square Foot ...........................
$337
$362
7.4%
Properties Sold .......................................................
21
37
76.2%
Properties Pending Sale .......................................
22
36
63.6%
Properties For Sale ................................................
107
60
-43.9%
Days on Market (Pending Sale) ...........................
94
67
-28.7%
Month’s Supply of Inventory ................................
5.1
1.6
-68.2%
Percent Under Contract ........................................
20.6%
60.0%
191.8%
Average Median Price for Last 12 Months ........
$785,846
$762,000
-3.0%
*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.
$850
M E D I A N
S A L E S
(in hundred thousands)
$800
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$762,000 PROPERTIES FOR SALE
60 DAYS ON MARKET**
74 shadow inventory
117 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Glendale DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$535,000
$580,000
8.4%
Average Price per Square Foot ...........................
$316
$344
8.9%
Properties Sold .......................................................
58
65
12.1%
Properties Pending Sale .......................................
56
61
8.9%
Properties For Sale ................................................
139
78
-43.9%
Days on Market (Pending Sale) ...........................
70
79
12.9%
Month’s Supply of Inventory ................................
2.4
1.2
-49.9%
Percent Under Contract ........................................
40.3%
78.2%
94.1%
Average Median Price for Last 12 Months ........
$572,462
$577,000
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.
M E D I A N
S A L E S
(in hundred thousands)
$580
$535
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$577,000 PROPERTIES FOR SALE
78 DAYS ON MARKET**
70 shadow inventory
238 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
La Crescenta DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$610,000
$595,000
-2.5%
Average Price per Square Foot ...........................
$312
$324
3.8%
Properties Sold .......................................................
14
16
14.3%
Properties Pending Sale .......................................
15
12
-20.0%
Properties For Sale ................................................
42
10
-76.2%
Days on Market (Pending Sale) ...........................
90
62
-31.1%
Month’s Supply of Inventory ................................
3.0
0.6
-79.2%
Percent Under Contract ........................................
35.7%
120.0%
236.0%
Average Median Price for Last 12 Months ........
$566,308
$559,769
-1.2%
*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.
$610
M E D I A N
S A L E S
(in hundred thousands)
$595
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$559,769 PROPERTIES FOR SALE
10 DAYS ON MARKET**
72 shadow inventory
54 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
North Hollywood DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$315,000
$310,000
-1.6%
Average Price per Square Foot ...........................
$228
$248
8.8%
Properties Sold .......................................................
51
40
-21.6%
Properties Pending Sale .......................................
54
40
-25.9%
Properties For Sale ................................................
108
46
-57.4%
Days on Market (Pending Sale) ...........................
77
56
-27.3%
Month’s Supply of Inventory ................................
2.1
1.2
-45.7%
Percent Under Contract ........................................
50.0%
87.0%
73.9%
Average Median Price for Last 12 Months ........
$308,000
$303,846
-1.3%
*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.
$315
M E D I A N
S A L E S
(in hundred thousands)
$310
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$303,846 PROPERTIES FOR SALE
46 DAYS ON MARKET**
71 shadow inventory
255 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Shadow Hills DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$731,000
$655,000
-10.4%
Average Price per Square Foot ...........................
$227
$226
-0.4%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
2
5
150.0%
Properties For Sale ................................................
14
9
-35.7%
Days on Market (Pending Sale) ...........................
67
260
288.1%
Month’s Supply of Inventory ................................
7.0
4.5
-35.7%
Percent Under Contract ........................................
14.3%
55.6%
288.9%
Average Median Price for Last 12 Months ........
$574,231
$598,167
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.
$731
M E D I A N
S A L E S
(in hundred thousands)
$655
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$598,167 PROPERTIES FOR SALE
9 DAYS ON MARKET**
100 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Sherman Oaks DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$685,000
$720,000
5.1%
Average Price per Square Foot ...........................
$343
$378
10.2%
Properties Sold .......................................................
33
49
48.5%
Properties Pending Sale .......................................
42
40
-4.8%
Properties For Sale ................................................
136
70
-48.5%
Days on Market (Pending Sale) ...........................
97
72
-25.8%
Month’s Supply of Inventory ................................
4.1
1.4
-65.3%
Percent Under Contract ........................................
30.9%
57.1%
85.0%
Average Median Price for Last 12 Months ........
$654,462
$686,462
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.
$720
M E D I A N
S A L E S
(in hundred thousands)
$685
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$688,462 PROPERTIES FOR SALE
70 DAYS ON MARKET**
78 shadow inventory
73 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Studio City DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$766,000
$932,000
21.7%
Average Price per Square Foot ...........................
$389
$450
15.7%
Properties Sold .......................................................
26
28
7.7%
Properties Pending Sale .......................................
7
25
257.1%
Properties For Sale ................................................
88
54
-38.6%
Days on Market (Pending Sale) ...........................
60
57
-5.0%
Month’s Supply of Inventory ................................
3.4
1.9
-43.0%
Percent Under Contract ........................................
8.0%
46.3%
482.0%
Average Median Price for Last 12 Months ........
$787,769
$847,385
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.
$932
M E D I A N
S A L E S
(in hundred thousands)
$766
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$847,385 PROPERTIES FOR SALE
54 DAYS ON MARKET**
71 shadow inventory
46 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Sun Valley DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$236,000
$282,000
19.5%
Average Price per Square Foot ...........................
$195
$225
15.4%
Properties Sold .......................................................
28
22
-21.4%
Properties Pending Sale .......................................
26
22
-15.4%
Properties For Sale ................................................
63
21
-66.7%
Days on Market (Pending Sale) ...........................
74
71
-4.1%
Month’s Supply of Inventory ................................
2.3
1.0
-57.6%
Percent Under Contract ........................................
41.3%
104.8%
153.8%
Average Median Price for Last 12 Months ........
$269,692
$272,615
1.1%
*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.
$282
M E D I A N
S A L E S
(in hundred thousands)
$236
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$272,615 PROPERTIES FOR SALE
21 DAYS ON MARKET**
70 shadow inventory
98 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Sunland - Tujunga DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$302,000
$367,000
21.5%
Average Price per Square Foot ...........................
$213
$239
12.2%
Properties Sold .......................................................
34
25
-26.5%
Properties Pending Sale .......................................
21
35
66.7%
Properties For Sale ................................................
100
55
-45.0%
Days on Market (Pending Sale) ...........................
100
74
-26.0%
Month’s Supply of Inventory ................................
2.9
2.2
-25.2%
Percent Under Contract ........................................
21.0%
63.6%
203.0%
Average Median Price for Last 12 Months ........
$324,077
$344,923
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.
$367
M E D I A N
S A L E S
(in hundred thousands)
$302
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$344,923 PROPERTIES FOR SALE
55 DAYS ON MARKET**
73 shadow inventory
168 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Toluca Lake DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$660,000
$865,000
31.1%
Average Price per Square Foot ...........................
$452
$366
-19.0%
Properties Sold .......................................................
4
8
100.0%
Properties Pending Sale .......................................
0
8
N/A
Properties For Sale ................................................
22
15
-31.8%
Days on Market (Pending Sale) ...........................
86
149
73.3%
Month’s Supply of Inventory ................................
5.5
1.9
-65.9%
Percent Under Contract ........................................
0.0%
53.3%
N/A
Average Median Price for Last 12 Months ........
$750,538
$831,083
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.
M E D I A N
$660
S A L E S
$865
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$831,083 PROPERTIES FOR SALE
15 DAYS ON MARKET**
101 shadow inventory
6 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Valley Village DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$560,000
$600,000
7.1%
Average Price per Square Foot ...........................
$305
$364
19.3%
Properties Sold .......................................................
17
14
-17.6%
Properties Pending Sale .......................................
15
11
-26.7%
Properties For Sale ................................................
34
18
-47.1%
Days on Market (Pending Sale) ...........................
59
63
6.8%
Month’s Supply of Inventory ................................
2.0
1.3
-35.7%
Percent Under Contract ........................................
44.1%
61.1%
38.5%
Average Median Price for Last 12 Months ........
$549,846
$599,077
9.0%
*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
(in hundred thousands)
$600
$560
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$599,077 PROPERTIES FOR SALE
18 DAYS ON MARKET**
63 shadow inventory
9 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Woodland Hills DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$480,000
$550,000
14.6%
Average Price per Square Foot ...........................
$235
$267
13.6%
Properties Sold .......................................................
57
61
7.0%
Properties Pending Sale .......................................
49
60
22.4%
Properties For Sale ................................................
181
88
-51.4%
Days on Market (Pending Sale) ...........................
71
77
8.5%
Month’s Supply of Inventory ................................
3.2
1.4
-54.6%
Percent Under Contract ........................................
27.1%
68.2%
151.9%
Average Median Price for Last 12 Months ........
$516,231
$526,538
2.0%
*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.
$550
M E D I A N
S A L E S
(in hundred thousands)
$480
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$526,538 PROPERTIES FOR SALE
88 DAYS ON MARKET**
76 shadow inventory
224 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 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 DECEMBER 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.