Teles intelligence
micro market report san fernando valley December 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 : December 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
December 2013 : Micro Market Report
San Fernando Valley Macro Market DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$613,643
$715,929
16.7%
Average Price per Square Foot ...........................
$316
$348
10.1%
Properties Sold .......................................................
470
426
-9.4%
Properties Pending Sale .......................................
375
360
-4.0%
Properties For Sale ................................................
633
745
17.7%
Days on Market (Pending Sale) ...........................
88
64
-27.7%
Month’s Supply of Inventory ................................
1.3
1.7
29.8%
Percent Under Contract ........................................
59.2%
48.3%
-18.4%
Average Median Price for Last 12 Months ........
$574,523
$677,874
18.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$716
M E D I A N
S A L E S
(in hundred thousands)
$614
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
jun
jul
aug
sep
oct
nov
dec
Burbank DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$538,000
$580,000
7.8%
Average Price per Square Foot ...........................
$338
$372
10.1%
Properties Sold .......................................................
62
48
-22.6%
Properties Pending Sale .......................................
31
45
45.2%
Properties For Sale ................................................
54
58
7.4%
Days on Market (Pending Sale) ...........................
62
44
-29.0%
Month’s Supply of Inventory ................................
0.9
1.2
38.7%
Percent Under Contract ........................................
57.4%
77.6%
35.2%
Average Median Price for Last 12 Months ........
$499,308
$581,000
16.4%
*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.
$580
M E D I A N
S A L E S
(in hundred thousands)
$538
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$581,000
PROPERTIES FOR SALE
58
DAYS ON MARKET**
45
shadow inventory
66
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Encino DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$850,000
$785,000
-7.6%
Average Price per Square Foot ...........................
$344
$406
18.0%
Properties Sold .......................................................
39
36
-7.7%
Properties Pending Sale .......................................
33
23
-30.3%
Properties For Sale ................................................
60
78
30.0%
Days on Market (Pending Sale) ...........................
78
65
-16.7%
Month’s Supply of Inventory ................................
1.5
2.2
40.8%
Percent Under Contract ........................................
55.0%
29.5%
-46.4%
Average Median Price for Last 12 Months ........
$759,077
$893,154
17.7%
*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
$785
S A L E S
$850
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$893,154
PROPERTIES FOR SALE
78
DAYS ON MARKET**
62
shadow inventory
55
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Glendale DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$580,000
$725,000
25.0%
Average Price per Square Foot ...........................
$347
$399
15.0%
Properties Sold .......................................................
69
57
-17.4%
Properties Pending Sale .......................................
61
49
-19.7%
Properties For Sale ................................................
78
76
-2.6%
Days on Market (Pending Sale) ...........................
76
53
-30.3%
Month’s Supply of Inventory ................................
1.1
1.3
17.9%
Percent Under Contract ........................................
78.2%
64.5%
-17.6%
Average Median Price for Last 12 Months ........
$576,923
$664,615
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$725
M E D I A N
S A L E S
(in hundred thousands)
$580
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$664,615
PROPERTIES FOR SALE
76
DAYS ON MARKET**
52
shadow inventory
68
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
La Crescenta DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$591,000
$714,000
20.8%
Average Price per Square Foot ...........................
$330
$390
18.2%
Properties Sold .......................................................
18
23
27.8%
Properties Pending Sale .......................................
12
19
58.3%
Properties For Sale ................................................
10
17
70.0%
Days on Market (Pending Sale) ...........................
58
50
-13.8%
Month’s Supply of Inventory ................................
0.6
0.7
33.0%
Percent Under Contract ........................................
120.0%
111.8%
-6.9%
Average Median Price for Last 12 Months ........
$558,538
$628,385
12.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$714
M E D I A N
S A L E S
(in hundred thousands)
$591
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$628,385
PROPERTIES FOR SALE
17
DAYS ON MARKET**
48
shadow inventory
19
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
North Hollywood DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$312,000
$403,000
29.2%
Average Price per Square Foot ...........................
$250
$289
15.6%
Properties Sold .......................................................
38
39
2.6%
Properties Pending Sale .......................................
36
30
-16.7%
Properties For Sale ................................................
46
68
47.8%
Days on Market (Pending Sale) ...........................
59
33
-44.1%
Month’s Supply of Inventory ................................
1.2
1.7
44.0%
Percent Under Contract ........................................
78.3%
44.1%
-43.6%
Average Median Price for Last 12 Months ........
$303,846
$381,538
25.6%
*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.
(in hundred thousands)
$403
P R I C E
yearly trend
M E D I A N
S A L E S
$312
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$381,538
PROPERTIES FOR SALE
68
DAYS ON MARKET**
53
shadow inventory
109
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Shadow Hills DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$655,000
$628,000
-4.1%
Average Price per Square Foot ...........................
$226
$297
31.4%
Properties Sold .......................................................
2
3
50.0%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
9
7
-22.2%
Days on Market (Pending Sale) ...........................
260
141
-45.8%
Month’s Supply of Inventory ................................
4.5
2.3
-48.1%
Percent Under Contract ........................................
33.3%
71.4%
114.3%
Average Median Price for Last 12 Months ........
$598,167
$641,923
7.3%
*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
$628
S A L E S
$655
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$641,923
PROPERTIES FOR SALE
7
DAYS ON MARKET**
91
shadow inventory
1
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Sherman Oaks DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$720,000
$840,000
16.7%
Average Price per Square Foot ...........................
$378
$423
11.9%
Properties Sold .......................................................
49
45
-8.2%
Properties Pending Sale .......................................
35
40
14.3%
Properties For Sale ................................................
70
93
32.9%
Days on Market (Pending Sale) ...........................
72
62
-13.9%
Month’s Supply of Inventory ................................
1.4
2.1
44.7%
Percent Under Contract ........................................
50.0%
43.0%
-14.0%
Average Median Price for Last 12 Months ........
$686,154
$784,769
14.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$840
M E D I A N
S A L E S
(in hundred thousands)
$720
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$784,769
PROPERTIES FOR SALE
93
DAYS ON MARKET**
58
shadow inventory
39
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Studio City DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$949,000
$1,024,000
7.9%
Average Price per Square Foot ...........................
$452
$450
-0.4%
Properties Sold .......................................................
29
28
-3.4%
Properties Pending Sale .......................................
22
23
4.5%
Properties For Sale ................................................
54
67
24.1%
Days on Market (Pending Sale) ...........................
59
60
1.7%
Month’s Supply of Inventory ................................
1.9
2.4
28.5%
Percent Under Contract ........................................
40.7%
34.3%
-15.7%
Average Median Price for Last 12 Months ........
$848,692
$967,692
14.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.024
M E D I A N
S A L E S
(in hundred thousands)
$949
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$967,692
PROPERTIES FOR SALE
67
DAYS ON MARKET**
59
shadow inventory
17
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Sun Valley DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$290,000
$370,000
27.6%
Average Price per Square Foot ...........................
$230
$289
25.7%
Properties Sold .......................................................
24
19
-20.8%
Properties Pending Sale .......................................
21
14
-33.3%
Properties For Sale ................................................
21
29
38.1%
Days on Market (Pending Sale) ...........................
70
44
-37.1%
Month’s Supply of Inventory ................................
0.9
1.5
74.4%
Percent Under Contract ........................................
100.0%
48.3%
-51.7%
Average Median Price for Last 12 Months ........
$273,154
$338,308
23.9%
*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.
(in hundred thousands)
$370
P R I C E
yearly trend
M E D I A N
S A L E S
$290
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$338,308
PROPERTIES FOR SALE
29
DAYS ON MARKET**
50
shadow inventory
48
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Sunland/Tujunga DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$366,000
$410,000
12.0%
Average Price per Square Foot ...........................
$240
$273
13.8%
Properties Sold .......................................................
28
39
39.3%
Properties Pending Sale .......................................
30
35
16.7%
Properties For Sale ................................................
55
51
-7.3%
Days on Market (Pending Sale) ...........................
75
57
-24.0%
Month’s Supply of Inventory ................................
2
1.3
-33.4%
Percent Under Contract ........................................
54.5%
68.6%
25.8%
Average Median Price for Last 12 Months ........
$345,000
$390,462
13.2%
*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.
$410
M E D I A N
S A L E S
(in hundred thousands)
$366
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$390,462
PROPERTIES FOR SALE
51
DAYS ON MARKET**
56
shadow inventory
50
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Tarzana DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$725,000
$783,000
8.0%
Average Price per Square Foot ...........................
$294
$323
9.9%
Properties Sold .......................................................
28
16
-42.9%
Properties Pending Sale .......................................
18
19
5.6%
Properties For Sale ................................................
55
54
-1.8%
Days on Market (Pending Sale) ...........................
76
85
11.8%
Month’s Supply of Inventory ................................
2
3.4
71.8%
Percent Under Contract ........................................
32.7%
35.2%
7.5%
Average Median Price for Last 12 Months ........
$619,000
$790,000
27.6%
*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.
$783
M E D I A N
S A L E S
(in hundred thousands)
$725
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$790,000
PROPERTIES FOR SALE
54
DAYS ON MARKET**
71
shadow inventory
44
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Toluca Lake DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$865,000
$1,400,000
61.8%
Average Price per Square Foot ...........................
$366
$441
20.5%
Properties Sold .......................................................
8
7
-12.5%
Properties Pending Sale .......................................
9
4
-55.6%
Properties For Sale ................................................
15
12
-20.0%
Days on Market (Pending Sale) ...........................
149
73
-51.0%
Month’s Supply of Inventory ................................
1.9
1.7
-8.6%
Percent Under Contract ........................................
60.0%
33.3%
-44.4%
Average Median Price for Last 12 Months ........
$857,923
$1,090,923
27.2%
*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.
S A L E S
(in hundred thousands)
$1.400
P R I C E
yearly trend
M E D I A N
$865
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,090,923
PROPERTIES FOR SALE
12
DAYS ON MARKET**
76
shadow inventory
3
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Valley Village DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$600,000
$725,000
20.8%
Average Price per Square Foot ...........................
$364
$422
15.9%
Properties Sold .......................................................
14
9
-35.7%
Properties Pending Sale .......................................
11
12
9.1%
Properties For Sale ................................................
18
20
11.1%
Days on Market (Pending Sale) ...........................
63
55
-12.7%
Month’s Supply of Inventory ................................
1.3
2.2
72.8%
Percent Under Contract ........................................
61.1%
60.0%
-1.8%
Average Median Price for Last 12 Months ........
$590,923
$713,462
20.7%
*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
S A L E S
$600
(in hundred thousands)
$725
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$713,462
PROPERTIES FOR SALE
20
DAYS ON MARKET**
57
shadow inventory
4
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Woodland Hills DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$550,000
$636,000
15.6%
Average Price per Square Foot ...........................
$267
$97
-63.7%
Properties Sold .......................................................
62
57
-8.1%
Properties Pending Sale .......................................
53
42
-20.8%
Properties For Sale ................................................
88
115
30.7%
Days on Market (Pending Sale) ...........................
75
69
-8.0%
Month’s Supply of Inventory ................................
1.4
2
42.1%
Percent Under Contract ........................................
60.2%
36.5%
-39.4%
Average Median Price for Last 12 Months ........
$526,615
$624,000
18.5%
*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.
$636
M E D I A N
S A L E S
(in hundred thousands)
$550
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$624,000
PROPERTIES FOR SALE
115
DAYS ON MARKET**
60
shadow inventory
84
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 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 December 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.