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micro market report san fernando valley JANUARY 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 : January 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
January 2013 : Micro Market Report
San Fernando Macro Market DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$483,250
$641,308
32.7%
Average Price per Square Foot ...........................
$290
$320
10.6%
Properties Sold .......................................................
302
302
0.0%
Properties Pending Sale .......................................
419
465
11.0%
Properties For Sale ................................................
1128
590
-47.7%
Days on Market (Pending Sale) ...........................
75
66
-11.8%
Month’s Supply of Inventory ................................
3.7
2.0
-47.7%
Percent Under Contract ........................................
37.1%
78.8%
112.2%
Average Median Price for Last 12 Months ........
$545,450
$575,762
5.6%
*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.
S A L E S
(in hundred thousands)
$641
P R I C E
yearly trend
M E D I A N
$483
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
Burbank DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$515,000
$528,000
2.5%
Average Price per Square Foot ...........................
$312
$339
8.7%
Properties Sold .......................................................
39
31
-20.5%
Properties Pending Sale .......................................
44
50
13.6%
Properties For Sale ................................................
108
58
-46.3%
Days on Market (Pending Sale) ...........................
55
51
-7.3%
Month’s Supply of Inventory ................................
2.8
1.9
-32.4%
Percent Under Contract ........................................
40.7%
86.2%
111.6%
Average Median Price for Last 12 Months ........
$493,077
$500,846
1.6%
*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.
$528
M E D I A N
S A L E S
(in hundred thousands)
$515
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$500,846 PROPERTIES FOR SALE
58 DAYS ON MARKET**
67 shadow inventory
141 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Encino DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$572,000
$690,000
20.6%
Average Price per Square Foot ...........................
$307
$328
6.8%
Properties Sold .......................................................
28
25
-10.7%
Properties Pending Sale .......................................
37
39
5.4%
Properties For Sale ................................................
109
58
-46.8%
Days on Market (Pending Sale) ...........................
90
78
-13.3%
Month’s Supply of Inventory ................................
3.9
2.3
-40.4%
Percent Under Contract ........................................
33.9%
67.2%
98.1%
Average Median Price for Last 12 Months ........
$771,308
$755,000
-2.1%
*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.
M E D I A N
$572
S A L E S
$690
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$755,000 PROPERTIES FOR SALE
58 DAYS ON MARKET**
74 shadow inventory
95 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Glendale DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$575,000
$608,000
5.7%
Average Price per Square Foot ...........................
$319
$325
1.9%
Properties Sold .......................................................
49
48
-2.0%
Properties Pending Sale .......................................
56
55
-1.8%
Properties For Sale ................................................
142
73
-48.6%
Days on Market (Pending Sale) ...........................
71
63
-11.3%
Month’s Supply of Inventory ................................
2.9
1.5
-47.5%
Percent Under Contract ........................................
39.4%
75.3%
91.0%
Average Median Price for Last 12 Months ........
$565,923
$582,385
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.
$608
M E D I A N
S A L E S
(in hundred thousands)
$575
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$582,385 PROPERTIES FOR SALE
73 DAYS ON MARKET**
69 shadow inventory
175 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
La Crescenta DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$412,000
$511,000
24.0%
Average Price per Square Foot ...........................
$332
$352
6.0%
Properties Sold .......................................................
8
11
37.5%
Properties Pending Sale .......................................
12
12
0.0%
Properties For Sale ................................................
45
15
-66.7%
Days on Market (Pending Sale) ...........................
78
55
-29.5%
Month’s Supply of Inventory ................................
5.6
1.4
-75.8%
Percent Under Contract ........................................
26.7%
80.0%
200.0%
Average Median Price for Last 12 Months ........
$555,077
$550,923
-0.7%
*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
$412
S A L E S
$511
(in hundred thousands)
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$550,923 PROPERTIES FOR SALE
15 DAYS ON MARKET**
68 shadow inventory
44 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
North Hollywood DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$315,000
$349,000
10.8%
Average Price per Square Foot ...........................
$234
$252
7.7%
Properties Sold .......................................................
44
25
-43.2%
Properties Pending Sale .......................................
51
56
9.8%
Properties For Sale ................................................
113
41
-63.7%
Days on Market (Pending Sale) ...........................
63
66
4.8%
Month’s Supply of Inventory ................................
2.6
1.6
-36.1%
Percent Under Contract ........................................
45.1%
136.6%
202.6%
Average Median Price for Last 12 Months ........
$307,615
$306,385
-0.4%
*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.
$349
M E D I A N
S A L E S
(in hundred thousands)
$315
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$306,385 PROPERTIES FOR SALE
41 DAYS ON MARKET**
70 shadow inventory
191 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Shadow Hills DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$450,000
$604,000
34.2%
Average Price per Square Foot ...........................
$252
$271
7.5%
Properties Sold .......................................................
3
1
-66.7%
Properties Pending Sale .......................................
2
1
-50.0%
Properties For Sale ................................................
13
7
-46.2%
Days on Market (Pending Sale) ...........................
187
36
-80.7%
Month’s Supply of Inventory ................................
4.3
7.0
61.5%
Percent Under Contract ........................................
15.4%
14.3%
-7.1%
Average Median Price for Last 12 Months ........
$569,769
$587,583
3.1%
*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)
$604
P R I C E
yearly trend
M E D I A N
$450
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$587,583 PROPERTIES FOR SALE
7 DAYS ON MARKET**
97 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Sherman Oaks DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$623,000
$770,000
23.6%
Average Price per Square Foot ...........................
$352
$363
3.1%
Properties Sold .......................................................
35
33
-5.7%
Properties Pending Sale .......................................
47
60
27.7%
Properties For Sale ................................................
135
61
-54.8%
Days on Market (Pending Sale) ...........................
70
73
4.3%
Month’s Supply of Inventory ................................
3.9
1.8
-52.1%
Percent Under Contract ........................................
34.8%
98.4%
182.5%
Average Median Price for Last 12 Months ........
$648,846
$693,385
6.9%
*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.
$770
M E D I A N
S A L E S
(in hundred thousands)
$623
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$693,385 PROPERTIES FOR SALE
61 DAYS ON MARKET**
77 shadow inventory
61 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Studio City DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$790,000
$745,000
-5.7%
Average Price per Square Foot ...........................
$371
$425
14.6%
Properties Sold .......................................................
7
22
214.3%
Properties Pending Sale .......................................
26
26
0.0%
Properties For Sale ................................................
83
64
-22.9%
Days on Market (Pending Sale) ...........................
42
75
78.6%
Month’s Supply of Inventory ................................
11.9
2.9
-75.5%
Percent Under Contract ........................................
31.3%
40.6%
29.7%
Average Median Price for Last 12 Months ........
$788,385
$845,769
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
S A L E S
$745
(in hundred thousands)
$790
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$845,769 PROPERTIES FOR SALE
64 DAYS ON MARKET**
72 shadow inventory
33 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Sun Valley DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$234,000
$290,000
23.9%
Average Price per Square Foot ...........................
$189
$233
23.3%
Properties Sold .......................................................
15
13
-13.3%
Properties Pending Sale .......................................
29
26
-10.3%
Properties For Sale ................................................
53
24
-54.7%
Days on Market (Pending Sale) ...........................
62
38
-38.7%
Month’s Supply of Inventory ................................
3.5
1.8
-47.8%
Percent Under Contract ........................................
54.7%
108.3%
98.0%
Average Median Price for Last 12 Months ........
$267,231
$277,846
4.0%
*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.
$290
M E D I A N
S A L E S
(in hundred thousands)
$234
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$277,846 PROPERTIES FOR SALE
24 DAYS ON MARKET**
67 shadow inventory
76 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Sunland - Tujunga DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$306,000
$350,000
14.4%
Average Price per Square Foot ...........................
$224
$232
3.6%
Properties Sold .......................................................
21
25
19.0%
Properties Pending Sale .......................................
40
34
-15.0%
Properties For Sale ................................................
100
62
-38.0%
Days on Market (Pending Sale) ...........................
82
60
-26.8%
Month’s Supply of Inventory ................................
4.8
2.5
-47.9%
Percent Under Contract ........................................
40.0%
54.8%
37.1%
Average Median Price for Last 12 Months ........
$319,923
$348,769
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.
$350
M E D I A N
S A L E S
(in hundred thousands)
$306
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$348,769 PROPERTIES FOR SALE
62 DAYS ON MARKET**
70 shadow inventory
127 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Toluca Lake DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$0
$1,704,000
N/A
Average Price per Square Foot ...........................
$0
$428
N/A
Properties Sold .......................................................
0
10
N/A
Properties Pending Sale .......................................
4
8
100.0%
Properties For Sale ................................................
24
19
-20.8%
Days on Market (Pending Sale) ...........................
0
136
N/A
Month’s Supply of Inventory ................................
N/A
1.9
N/A
Percent Under Contract ........................................
16.7%
42.1%
152.6%
Average Median Price for Last 12 Months ........
$737,083
$943,083
27.9%
*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
(in hundred thousands)
$1.704
P R I C E
yearly trend
$0 JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$943,083 PROPERTIES FOR SALE
19 DAYS ON MARKET**
102 shadow inventory
6 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Valley Village DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$482,000
$612,000
27.0%
Average Price per Square Foot ...........................
$345
$339
-1.7%
Properties Sold .......................................................
13
10
-23.1%
Properties Pending Sale .......................................
10
16
60.0%
Properties For Sale ................................................
33
21
-36.4%
Days on Market (Pending Sale) ...........................
29
74
155.2%
Month’s Supply of Inventory ................................
2.5
2.1
-17.3%
Percent Under Contract ........................................
30.3%
76.2%
151.4%
Average Median Price for Last 12 Months ........
$550,385
$597,154
8.5%
*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)
$612
P R I C E
yearly trend
M E D I A N
$482
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$597,154 PROPERTIES FOR SALE
21 DAYS ON MARKET**
65 shadow inventory
9 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 2013 : Micro Market Report
Woodland Hills DATA*
JAN 2012
JAN 2013
% CHANGE
Median Price ..........................................................
$525,000
$576,000
9.7%
Average Price per Square Foot ...........................
$240
$278
15.8%
Properties Sold .......................................................
40
48
20.0%
Properties Pending Sale .......................................
61
82
34.4%
Properties For Sale ................................................
170
87
-48.8%
Days on Market (Pending Sale) ...........................
70
54
-22.9%
Month’s Supply of Inventory ................................
4.3
1.8
-57.4%
Percent Under Contract ........................................
35.9%
94.3%
162.7%
Average Median Price for Last 12 Months ........
$516,231
$533,923
3.4%
*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.
$576
M E D I A N
S A L E S
(in hundred thousands)
$525
P R I C E
yearly trend
JAN
FEB
MAR
APR
Micro Market Report : January 2013
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
telesintelligence.com
the numbers median sales price**
$533,923 PROPERTIES FOR SALE
87 DAYS ON MARKET**
75 shadow inventory
182 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
January 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
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