Teles intelligence
micro market report san fernando valley FEBRUARY 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 : February 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
February 2013 : Micro Market Report
San Fernando Macro Market DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$551,583
$683,923
24.0%
Average Price per Square Foot ...........................
$281
$344
22.4%
Properties Sold .......................................................
326
313
-4.0%
Properties Pending Sale .......................................
431
474
10.0%
Properties For Sale ................................................
1078
579
-46.3%
Days on Market (Pending Sale) ...........................
93
65
-30.4%
Month’s Supply of Inventory ................................
3.3
1.8
-44.1%
Percent Under Contract ........................................
40.0%
81.9%
104.8%
Average Median Price for Last 12 Months ........
$544,520
$590,252
8.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$684
P R I C E
yearly trend
M E D I A N
S A L E S
$552
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
Burbank DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$460,000
$550,000
19.6%
Average Price per Square Foot ...........................
$307
$351
14.3%
Properties Sold .......................................................
42
41
-2.4%
Properties Pending Sale .......................................
57
47
-17.5%
Properties For Sale ................................................
118
51
-56.8%
Days on Market (Pending Sale) ...........................
85
55
-35.3%
Month’s Supply of Inventory ................................
2.8
1.2
-55.7%
Percent Under Contract ........................................
48.3%
92.2%
90.8%
Average Median Price for Last 12 Months ........
$490,000
$503,077
2.7%
*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.
$550
M E D I A N
S A L E S
(in hundred thousands)
$460
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$503,077 PROPERTIES FOR SALE
51 DAYS ON MARKET**
67 shadow inventory
115 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Encino DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$850,000
$980,000
15.3%
Average Price per Square Foot ...........................
$313
$359
14.7%
Properties Sold .......................................................
25
23
-8.0%
Properties Pending Sale .......................................
39
49
25.6%
Properties For Sale ................................................
98
64
-34.7%
Days on Market (Pending Sale) ...........................
109
104
-4.6%
Month’s Supply of Inventory ................................
3.9
2.8
-29.0%
Percent Under Contract ........................................
39.8%
76.6%
92.4%
Average Median Price for Last 12 Months ........
$772,923
$786,385
1.7%
*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.
$980
M E D I A N
S A L E S
(in hundred thousands)
$850
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$786,385 PROPERTIES FOR SALE
64 DAYS ON MARKET**
75 shadow inventory
92 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Glendale DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$560,000
$672,000
20.0%
Average Price per Square Foot ...........................
$297
$336
13.1%
Properties Sold .......................................................
47
44
-6.4%
Properties Pending Sale .......................................
58
68
17.2%
Properties For Sale ................................................
141
67
-52.5%
Days on Market (Pending Sale) ...........................
83
66
-20.5%
Month’s Supply of Inventory ................................
3.0
1.5
-49.2%
Percent Under Contract ........................................
41.1%
101.5%
146.7%
Average Median Price for Last 12 Months ........
$568,615
$590,231
3.8%
*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.
$672
M E D I A N
S A L E S
(in hundred thousands)
$560
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$590,231 PROPERTIES FOR SALE
67 DAYS ON MARKET**
69 shadow inventory
155 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
La Crescenta DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$575,000
$540,000
-6.1%
Average Price per Square Foot ...........................
$321
$354
10.3%
Properties Sold .......................................................
10
9
-10.0%
Properties Pending Sale .......................................
13
12
-7.7%
Properties For Sale ................................................
46
16
-65.2%
Days on Market (Pending Sale) ...........................
49
36
-26.5%
Month’s Supply of Inventory ................................
4.6
1.8
-61.4%
Percent Under Contract ........................................
28.3%
75.0%
165.4%
Average Median Price for Last 12 Months ........
$555,538
$560,769
0.9%
*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.
M E D I A N
S A L E S
$540
(in hundred thousands)
$575
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$560,769 PROPERTIES FOR SALE
16 DAYS ON MARKET**
65 shadow inventory
38 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
North Hollywood DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$284,000
$370,000
30.3%
Average Price per Square Foot ...........................
$201
$283
40.8%
Properties Sold .......................................................
46
25
-45.7%
Properties Pending Sale .......................................
48
41
-14.6%
Properties For Sale ................................................
101
46
-54.5%
Days on Market (Pending Sale) ...........................
68
78
14.7%
Month’s Supply of Inventory ................................
2.2
1.8
-16.2%
Percent Under Contract ........................................
47.5%
89.1%
87.5%
Average Median Price for Last 12 Months ........
$305,462
$310,615
1.7%
*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.
$370
M E D I A N
S A L E S
(in hundred thousands)
$284
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$310,615 PROPERTIES FOR SALE
46 DAYS ON MARKET**
71 shadow inventory
172 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Shadow Hills DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$0
$480,000
N/A
Average Price per Square Foot ...........................
$0
$391
N/A
Properties Sold .......................................................
0
2
N/A
Properties Pending Sale .......................................
3
2
-33.3%
Properties For Sale ................................................
10
6
-40.0%
Days on Market (Pending Sale) ...........................
0
10
N/A
Month’s Supply of Inventory ................................
N/A
3.0
N/A
Percent Under Contract ........................................
30.0%
33.3%
11.1%
Average Median Price for Last 12 Months ........
$563,917
$590,083
4.6%
*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.
$0 FEB
S A L E S M E D I A N
$480
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$590,083 PROPERTIES FOR SALE
6 DAYS ON MARKET**
83 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Sherman Oaks DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$634,000
$699,000
10.3%
Average Price per Square Foot ...........................
$318
$379
19.2%
Properties Sold .......................................................
31
29
-6.5%
Properties Pending Sale .......................................
50
48
-4.0%
Properties For Sale ................................................
137
64
-53.3%
Days on Market (Pending Sale) ...........................
91
63
-30.8%
Month’s Supply of Inventory ................................
4.4
2.2
-50.1%
Percent Under Contract ........................................
36.5%
75.0%
105.5%
Average Median Price for Last 12 Months ........
$645,769
$699,231
8.3%
*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.
$699
M E D I A N
S A L E S
(in hundred thousands)
$634
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$699,231 PROPERTIES FOR SALE
64 DAYS ON MARKET**
76 shadow inventory
60 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Studio City DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$825,000
$911,000
10.4%
Average Price per Square Foot ...........................
$429
$452
5.4%
Properties Sold .......................................................
18
16
-11.1%
Properties Pending Sale .......................................
33
33
0.0%
Properties For Sale ................................................
66
58
-12.1%
Days on Market (Pending Sale) ...........................
87
41
-52.9%
Month’s Supply of Inventory ................................
3.7
3.6
-1.1%
Percent Under Contract ........................................
50.0%
56.9%
13.8%
Average Median Price for Last 12 Months ........
$784,462
$855,077
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.
$911
M E D I A N
S A L E S
(in hundred thousands)
$825
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$855,077 PROPERTIES FOR SALE
58 DAYS ON MARKET**
72 shadow inventory
27 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Sun Valley DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$284,000
$318,000
12.0%
Average Price per Square Foot ...........................
$189
$247
30.7%
Properties Sold .......................................................
18
22
22.2%
Properties Pending Sale .......................................
20
23
15.0%
Properties For Sale ................................................
53
27
-49.1%
Days on Market (Pending Sale) ...........................
72
52
-27.8%
Month’s Supply of Inventory ................................
2.9
1.2
-58.3%
Percent Under Contract ........................................
37.7%
85.2%
125.7%
Average Median Price for Last 12 Months ........
$268,692
$283,154
5.4%
*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.
$314
M E D I A N
S A L E S
(in hundred thousands)
$284
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$283,154 PROPERTIES FOR SALE
27 DAYS ON MARKET**
66 shadow inventory
65 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Sunland - Tujunga DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$352,000
$339,000
-3.7%
Average Price per Square Foot ...........................
$215
$255
18.6%
Properties Sold .......................................................
29
35
20.7%
Properties Pending Sale .......................................
40
53
32.5%
Properties For Sale ................................................
94
58
-38.3%
Days on Market (Pending Sale) ...........................
87
85
-2.3%
Month’s Supply of Inventory ................................
3.2
1.7
-48.9%
Percent Under Contract ........................................
42.6%
91.4%
114.7%
Average Median Price for Last 12 Months ........
$322,077
$351,231
9.1%
*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.
$352
M E D I A N
S A L E S
(in hundred thousands)
$339
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$351,231 PROPERTIES FOR SALE
58 DAYS ON MARKET**
70 shadow inventory
120 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Toluca Lake DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$750,000
$1,720,000
129.3%
Average Price per Square Foot ...........................
$269
$414
53.9%
Properties Sold .......................................................
3
3
0.0%
Properties Pending Sale .......................................
2
12
500.0%
Properties For Sale ................................................
25
15
-40.0%
Days on Market (Pending Sale) ...........................
228
121
-46.9%
Month’s Supply of Inventory ................................
8.3
5.0
-40.0%
Percent Under Contract ........................................
8.0%
80.0%
900.0%
Average Median Price for Last 12 Months ........
$738,077
$991,923
34.4%
*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.
S A L E S
(in hundred thousands)
$1.720
P R I C E
yearly trend
M E D I A N
$750
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$991,923 PROPERTIES FOR SALE
15 DAYS ON MARKET**
102 shadow inventory
3 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Valley Village DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$475,000
$750,000
57.9%
Average Price per Square Foot ...........................
$266
$403
51.5%
Properties Sold .......................................................
10
10
0.0%
Properties Pending Sale .......................................
14
9
-35.7%
Properties For Sale ................................................
33
20
-39.4%
Days on Market (Pending Sale) ...........................
68
61
-10.3%
Month’s Supply of Inventory ................................
3.3
2.0
-39.4%
Percent Under Contract ........................................
42.4%
45.0%
6.1%
Average Median Price for Last 12 Months ........
$541,615
$617,769
14.1%
*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.
S A L E S
(in hundred thousands)
$750
P R I C E
yearly trend
M E D I A N
$475
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$617,769 PROPERTIES FOR SALE
20 DAYS ON MARKET**
67 shadow inventory
7 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Woodland Hills DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$570,000
$562,000
-1.4%
Average Price per Square Foot ...........................
$248
$250
0.8%
Properties Sold .......................................................
47
54
14.9%
Properties Pending Sale .......................................
54
77
42.6%
Properties For Sale ................................................
156
87
-44.2%
Days on Market (Pending Sale) ...........................
93
73
-21.5%
Month’s Supply of Inventory ................................
3.3
1.6
-51.5%
Percent Under Contract ........................................
34.6%
88.5%
155.7%
Average Median Price for Last 12 Months ........
$521,615
$536,692
2.9%
*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.
$570
M E D I A N
S A L E S
(in hundred thousands)
$562
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$536,692 PROPERTIES FOR SALE
87 DAYS ON MARKET**
75 shadow inventory
152 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : 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 FEBRUARY 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.