TELES intelligence
micro market report san fernando valley JULY 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 : July 2012
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
July 2012 : Micro Market Report
San Fernando Macro Market DATA *
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$554,692
$591,000
6.5%
Average Price per Square Foot ...........................
$294
$294
-0.1%
Properties Sold .......................................................
392
467
19.1%
Properties Pending Sale .......................................
396
533
34.6%
Properties For Sale ................................................
1564
886
-43.4%
Days on Market (Pending Sale) ...........................
58
71
20.9%
Month’s Supply of Inventory ................................
4.0
1.9
-52.4%
Percent Under Contract ........................................
25.3%
60.2%
137.6%
Average Median Price for Last 12 Months ........
$605,270
$547,953
-9.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in South Bay Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$591
M E D I A N
S A L E S
(in hundred thousands)
$555
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
Burbank DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$481,000
$470,000
-2.3%
Average Price per Square Foot ...........................
$321
$324
0.9%
Properties Sold .......................................................
50
65
30.0%
Properties Pending Sale .......................................
46
59
28.3%
Properties For Sale ................................................
174
68
-60.9%
Days on Market (Pending Sale) ...........................
56
54
-3.6%
Month’s Supply of Inventory ................................
3.5
1.0
-69.9%
Percent Under Contract ........................................
26.4%
86.8%
228.2%
Average Median Price for Last 12 Months ........
$521,462
$486,462
-6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$481
M E D I A N
S A L E S
(in hundred thousands)
$470
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$486,462
PROPERTIES FOR SALE
68
DAYS ON MARKET**
65
SHADOW INVENTORY
292
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Encino DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$803,000
$760,000
-5.4%
Average Price per Square Foot ...........................
$326
$332
1.8%
Properties Sold .......................................................
22
31
40.9%
Properties Pending Sale .......................................
26
40
53.8%
Properties For Sale ................................................
155
90
-41.9%
Days on Market (Pending Sale) ...........................
77
62
-19.5%
Month’s Supply of Inventory ................................
7.0
2.9
-58.8%
Percent Under Contract ........................................
16.8%
44.4%
165.0%
Average Median Price for Last 12 Months ........
$752,308
$801,538
6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$760
(in hundred thousands)
$803
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$801,538
PROPERTIES FOR SALE
90
DAYS ON MARKET**
76
SHADOW INVENTORY
173
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Glendale DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$568,000
$555,000
-2.3%
Average Price per Square Foot ...........................
$339
$318
-6.2%
Properties Sold .......................................................
54
68
25.9%
Properties Pending Sale .......................................
59
73
23.7%
Properties For Sale ................................................
227
136
-40.1%
Days on Market (Pending Sale) ...........................
61
79
29.5%
Month’s Supply of Inventory ................................
4.2
2.0
-52.4%
Percent Under Contract ........................................
26.0%
53.7%
106.5%
Average Median Price for Last 12 Months ........
$622,077
$571,923
-8.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$555
(in hundred thousands)
$568
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$571,923
PROPERTIES FOR SALE
136
DAYS ON MARKET**
74
SHADOW INVENTORY
332
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
La Crescenta DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$615,000
$547,000
-11.1%
Average Price per Square Foot ...........................
$334
$330
-1.2%
Properties Sold .......................................................
17
17
0.0%
Properties Pending Sale .......................................
24
14
-41.7%
Properties For Sale ................................................
61
31
-49.2%
Days on Market (Pending Sale) ...........................
77
62
-19.5%
Month’s Supply of Inventory ................................
3.6
1.8
-49.2%
Percent Under Contract ........................................
39.3%
45.2%
14.8%
Average Median Price for Last 12 Months ........
$582,846
$543,154
-6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$615
M E D I A N
S A L E S
(in hundred thousands)
$547
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$543,154
PROPERTIES FOR SALE
31
DAYS ON MARKET**
82
SHADOW INVENTORY
87
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
North Hollywood DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$305,000
$302,000
-1.0%
Average Price per Square Foot ...........................
$221
$219
-0.9%
Properties Sold .......................................................
37
52
40.5%
Properties Pending Sale .......................................
50
58
16.0%
Properties For Sale ................................................
146
64
-56.2%
Days on Market (Pending Sale) ...........................
48
74
54.2%
Month’s Supply of Inventory ................................
3.9
1.2
-68.8%
Percent Under Contract ........................................
34.2%
90.6%
164.6%
Average Median Price for Last 12 Months ........
$319,462
$300,462
-5.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$305
M E D I A N
S A L E S
(in hundred thousands)
$302
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$300,462
PROPERTIES FOR SALE
64
DAYS ON MARKET**
75
SHADOW INVENTORY
394
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Shadow Hil s DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$524,000
$760,000
45.0%
Average Price per Square Foot ...........................
$287
$181
-36.9%
Properties Sold .......................................................
2
1
-50.0%
Properties Pending Sale .......................................
2
1
-50.0%
Properties For Sale ................................................
20
11
-45.0%
Days on Market (Pending Sale) ...........................
58
67
15.5%
Month’s Supply of Inventory ................................
10.0
11.0
10.0%
Percent Under Contract ........................................
10.0%
9.1%
-9.1%
Average Median Price for Last 12 Months ........
$1,021,091
$579,333
-43.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$760
P R I C E
yearly trend
M E D I A N
$524
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$579,333
PROPERTIES FOR SALE
11
DAYS ON MARKET**
89
SHADOW INVENTORY
1
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Sherman Oaks DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$690,000
$697,000
1.0%
Average Price per Square Foot ...........................
$325
$353
8.6%
Properties Sold .......................................................
47
62
31.9%
Properties Pending Sale .......................................
43
59
37.2%
Properties For Sale ................................................
168
107
-36.3%
Days on Market (Pending Sale) ...........................
50
68
36.0%
Month’s Supply of Inventory ................................
3.6
1.7
-51.7%
Percent Under Contract ........................................
25.6%
55.1%
115.4%
Average Median Price for Last 12 Months ........
$698,692
$667,692
-4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$697
M E D I A N
S A L E S
(in hundred thousands)
$690
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$667,692
PROPERTIES FOR SALE
107
DAYS ON MARKET**
72
SHADOW INVENTORY
128
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Studio City DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$900,000
$890,000
-1.1%
Average Price per Square Foot ...........................
$386
$408
5.7%
Properties Sold .......................................................
21
27
28.6%
Properties Pending Sale .......................................
19
35
84.2%
Properties For Sale ................................................
124
66
-46.8%
Days on Market (Pending Sale) ...........................
61
94
54.1%
Month’s Supply of Inventory ................................
5.9
2.4
-58.6%
Percent Under Contract ........................................
15.3%
53.0%
246.1%
Average Median Price for Last 12 Months ........
$817,923
$824,385
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$900
M E D I A N
S A L E S
(in hundred thousands)
$890
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$824,385
PROPERTIES FOR SALE
66
DAYS ON MARKET**
72
SHADOW INVENTORY
61
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Sun Valley DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$258,000
$265,000
2.7%
Average Price per Square Foot ...........................
$214
$204
-4.7%
Properties Sold .......................................................
32
17
-46.9%
Properties Pending Sale .......................................
24
30
25.0%
Properties For Sale ................................................
72
38
-47.2%
Days on Market (Pending Sale) ...........................
59
75
27.1%
Month’s Supply of Inventory ................................
2.3
2.2
-0.7%
Percent Under Contract ........................................
33.3%
78.9%
136.8%
Average Median Price for Last 12 Months ........
$272,923
$258,692
-5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$265
M E D I A N
S A L E S
(in hundred thousands)
$258
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$258,692
PROPERTIES FOR SALE
38
DAYS ON MARKET**
73
SHADOW INVENTORY
152
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Sunland - Tujunga DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$318,000
$362,000
13.8%
Average Price per Square Foot ...........................
$210
$222
5.7%
Properties Sold .......................................................
34
39
14.7%
Properties Pending Sale .......................................
47
59
25.5%
Properties For Sale ................................................
136
87
-36.0%
Days on Market (Pending Sale) ...........................
79
72
-8.9%
Month’s Supply of Inventory ................................
4.0
2.2
-44.2%
Percent Under Contract ........................................
34.6%
67.8%
96.2%
Average Median Price for Last 12 Months ........
$351,769
$331,308
-5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$362
M E D I A N
S A L E S
(in hundred thousands)
$318
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$331,308
PROPERTIES FOR SALE
87
DAYS ON MARKET**
78
SHADOW INVENTORY
268
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Toluca Lake DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$744,000
$880,000
18.3%
Average Price per Square Foot ...........................
$305
$361
18.4%
Properties Sold .......................................................
8
9
12.5%
Properties Pending Sale .......................................
5
11
120.0%
Properties For Sale ................................................
32
22
-31.3%
Days on Market (Pending Sale) ...........................
24
94
291.7%
Month’s Supply of Inventory ................................
4.0
2.4
-38.9%
Percent Under Contract ........................................
15.6%
50.0%
220.0%
Average Median Price for Last 12 Months ........
$816,077
$709,417
-13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$880
M E D I A N
S A L E S
(in hundred thousands)
$744
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$709,417
PROPERTIES FOR SALE
22
DAYS ON MARKET**
84
SHADOW INVENTORY
9
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Valley Vil age DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$525,000
$668,000
27.2%
Average Price per Square Foot ...........................
$309
$329
6.5%
Properties Sold .......................................................
9
12
33.3%
Properties Pending Sale .......................................
6
17
183.3%
Properties For Sale ................................................
34
36
5.9%
Days on Market (Pending Sale) ...........................
36
56
55.6%
Month’s Supply of Inventory ................................
3.8
3.0
-20.6%
Percent Under Contract ........................................
17.6%
47.2%
167.6%
Average Median Price for Last 12 Months ........
$598,385
$553,846
-7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$668
M E D I A N
S A L E S
(in hundred thousands)
$525
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$553,846
PROPERTIES FOR SALE
36
DAYS ON MARKET**
59
SHADOW INVENTORY
11
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
Woodland Hil s DATA
JUL 2011
JUL 2012
% CHANGE
Median Price ..........................................................
$480,000
$527,000
9.8%
Average Price per Square Foot ...........................
$251
$244
-2.8%
Properties Sold .......................................................
59
67
13.6%
Properties Pending Sale .......................................
45
77
71.1%
Properties For Sale ................................................
215
130
-39.5%
Days on Market (Pending Sale) ...........................
74
62
-16.2%
Month’s Supply of Inventory ................................
3.6
1.9
-46.8%
Percent Under Contract ........................................
20.9%
59.2%
183.0%
Average Median Price for Last 12 Months ........
$493,500
$515,000
4.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$527
M E D I A N
S A L E S
(in hundred thousands)
$480
P R I C E
yearly trend
JUL
AUG
SEP
OCT
Micro Market Report : July 2012
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
telesintelligence.com
the numbers MEDIAN SALES PRICE**
$515,000
PROPERTIES FOR SALE
130
DAYS ON MARKET**
74
SHADOW INVENTORY
342
**12 month average
ACTIVE LISTINGS
SHADOW INVENTORY
TELES intelligence where data meets reason
July 2012 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
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