Teles intelligence
micro market report san fernando valley July 2013 | SINGLE FAMILY HOMES REPORT
Navigating Solutions. At Riviera Financial, the business of real estate finance is about much more than loans. It is about offering diverse and competitive products; advising borrowers to make informed choices to support and protect their security; providing extraordinarily thorough customer care; and navigating solutions. Our customers expect and deserve the highest level of service and performance in all of their borrowing activities. When it comes to dedicated, comprehensive real estate finance, Riviera Financial delivers.
Get the full lending experience at rivierafinancial.com or contact a loan professional by calling 424.203.1850
r i v i e r a f i n a n c i a l . c o m 4 Locations to Serve You | Beverly Hills, Brentwood, Newport Beach & Pasadena Riviera Financial dba Mortgage Capital Partners, Inc. NMLS#239902 California Real Estate #00931610
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 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
July 2013 : Micro Market Report
San Fernando Valley Macro Market DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$598,643
$670,500
12.0%
Average Price per Square Foot ...........................
$292
$369
26.4%
Properties Sold .......................................................
500
544
8.8%
Properties Pending Sale .......................................
503
558
10.9%
Properties For Sale ................................................
971
952
-2.0%
Days on Market (Pending Sale) ...........................
74
47
-37.3%
Month’s Supply of Inventory ................................
1.9
1.8
-9.9%
Percent Under Contract ........................................
51.8%
58.6%
13.1%
Average Median Price for Last 12 Months ........
$554,353
$635,099
14.6%
*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.
$674
M E D I A N
S A L E S
(in hundred thousands)
$588
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : July 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Burbank DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$460,000
$605,000
31.5%
Average Price per Square Foot ...........................
$322
$395
22.7%
Properties Sold .......................................................
67
56
-16.4%
Properties Pending Sale .......................................
51
72
41.2%
Properties For Sale ................................................
68
72
5.9%
Days on Market (Pending Sale) ...........................
57
35
-38.6%
Month’s Supply of Inventory ................................
1
1.3
26.7%
Percent Under Contract ........................................
75.0%
100.0%
33.3%
Average Median Price for Last 12 Months ........
$486,538
$541,000
11.2%
*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.
(in hundred thousands)
$605
P R I C E
yearly trend
M E D I A N
S A L E S
$460
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$541,000
PROPERTIES FOR SALE
72
DAYS ON MARKET**
56
shadow inventory
71
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Encino DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$760,000
$875,000
15.1%
Average Price per Square Foot ...........................
$332
$399
20.2%
Properties Sold .......................................................
31
49
58.1%
Properties Pending Sale .......................................
36
42
16.7%
Properties For Sale ................................................
93
96
3.2%
Days on Market (Pending Sale) ...........................
62
41
-33.9%
Month’s Supply of Inventory ................................
3
2
-34.7%
Percent Under Contract ........................................
38.7%
43.8%
13.0%
Average Median Price for Last 12 Months ........
$801,615
$785,846
-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.
$875
M E D I A N
S A L E S
(in hundred thousands)
$760
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$785,846
PROPERTIES FOR SALE
96
DAYS ON MARKET**
66
shadow inventory
63
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Glendale DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$560,000
$700,000
25.0%
Average Price per Square Foot ...........................
$319
$378
18.5%
Properties Sold .......................................................
70
64
-8.6%
Properties Pending Sale .......................................
65
77
18.5%
Properties For Sale ................................................
137
115
-16.1%
Days on Market (Pending Sale) ...........................
79
51
-35.4%
Month’s Supply of Inventory ................................
2
1.8
-8.2%
Percent Under Contract ........................................
47.4%
67.0%
41.1%
Average Median Price for Last 12 Months ........
$572,154
$618,846
8.2%
*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.
$700
M E D I A N
S A L E S
(in hundred thousands)
$560
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$618,846
PROPERTIES FOR SALE
115
DAYS ON MARKET**
60
shadow inventory
111
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
La Crescenta DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$535,000
$635,000
18.7%
Average Price per Square Foot ...........................
$319
$415
30.1%
Properties Sold .......................................................
19
19
0.0%
Properties Pending Sale .......................................
15
19
26.7%
Properties For Sale ................................................
31
34
9.7%
Days on Market (Pending Sale) ...........................
64
32
-50.0%
Month’s Supply of Inventory ................................
1.6
1.8
9.7%
Percent Under Contract ........................................
48.4%
55.9%
15.5%
Average Median Price for Last 12 Months ........
$545,154
$603,154
10.6%
*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.
$635
M E D I A N
S A L E S
(in hundred thousands)
$535
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$603,154
PROPERTIES FOR SALE
34
DAYS ON MARKET**
57
shadow inventory
29
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
North Hollywood DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$306,000
$368,000
20.3%
Average Price per Square Foot ...........................
$220
$291
32.3%
Properties Sold .......................................................
52
49
-5.8%
Properties Pending Sale .......................................
46
43
-6.5%
Properties For Sale ................................................
65
51
-21.5%
Days on Market (Pending Sale) ...........................
72
42
-41.7%
Month’s Supply of Inventory ................................
1.2
1
-16.7%
Percent Under Contract ........................................
70.8%
84.3%
19.1%
Average Median Price for Last 12 Months ........
$300,846
$346,615
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.
(in hundred thousands)
$368
P R I C E
yearly trend
M E D I A N
S A L E S
$306
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$346,615
PROPERTIES FOR SALE
51
DAYS ON MARKET**
61
shadow inventory
127
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Shadow Hills DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$760,000
$590,000
-22.4%
Average Price per Square Foot ...........................
$181
$242
33.7%
Properties Sold .......................................................
1
5
400.0%
Properties Pending Sale .......................................
0
3
%
Properties For Sale ................................................
12
20
66.7%
Days on Market (Pending Sale) ...........................
67
43
-35.8%
Month’s Supply of Inventory ................................
12
4
-66.7%
Percent Under Contract ........................................
0.0%
15.0%
%
Average Median Price for Last 12 Months ........
$579,333
$604,615
4.4%
*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.
M E D I A N
$590
S A L E S
$760
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$604,615
PROPERTIES FOR SALE
20
DAYS ON MARKET**
99
shadow inventory
0
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Sherman Oaks DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$699,000
$809,000
15.7%
Average Price per Square Foot ...........................
$353
$420
19.0%
Properties Sold .......................................................
61
72
18.0%
Properties Pending Sale .......................................
50
63
26.0%
Properties For Sale ................................................
109
120
10.1%
Days on Market (Pending Sale) ...........................
68
50
-26.5%
Month’s Supply of Inventory ................................
1.8
1.7
-6.7%
Percent Under Contract ........................................
45.9%
52.5%
14.4%
Average Median Price for Last 12 Months ........
$667,692
$742,846
11.3%
*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.
$809
M E D I A N
S A L E S
(in hundred thousands)
$699
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$742,846
PROPERTIES FOR SALE
120
DAYS ON MARKET**
65
shadow inventory
67
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Studio City DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$898,000
$950,000
5.8%
Average Price per Square Foot ...........................
$406
$498
22.7%
Properties Sold .......................................................
28
27
-3.6%
Properties Pending Sale .......................................
35
35
0.0%
Properties For Sale ................................................
66
83
25.8%
Days on Market (Pending Sale) ...........................
93
52
-44.1%
Month’s Supply of Inventory ................................
2.4
3.1
30.4%
Percent Under Contract ........................................
53.0%
42.2%
-20.5%
Average Median Price for Last 12 Months ........
$825,000
$883,077
7.0%
*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.
$950
M E D I A N
S A L E S
(in hundred thousands)
$898
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$883,077
PROPERTIES FOR SALE
83
DAYS ON MARKET**
63
shadow inventory
26
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Sun Valley DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$265,000
$355,000
34.0%
Average Price per Square Foot ...........................
$196
$274
39.8%
Properties Sold .......................................................
19
29
52.6%
Properties Pending Sale .......................................
23
27
17.4%
Properties For Sale ................................................
38
29
-23.7%
Days on Market (Pending Sale) ...........................
82
72
-12.2%
Month’s Supply of Inventory ................................
2
1
-50.0%
Percent Under Contract ........................................
60.5%
93.1%
53.8%
Average Median Price for Last 12 Months ........
$266,769
$307,769
15.4%
*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)
$355
P R I C E
yearly trend
M E D I A N
S A L E S
$265
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$307,769
PROPERTIES FOR SALE
29
DAYS ON MARKET**
58
shadow inventory
64
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Sunland/Tujunga DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$362,000
$400,000
10.5%
Average Price per Square Foot ...........................
$222
$289
30.2%
Properties Sold .......................................................
39
46
17.9%
Properties Pending Sale .......................................
53
43
-18.9%
Properties For Sale ................................................
87
63
-27.6%
Days on Market (Pending Sale) ...........................
72
44
-38.9%
Month’s Supply of Inventory ................................
2.2
1.4
-38.6%
Percent Under Contract ........................................
60.9%
68.3%
12.0%
Average Median Price for Last 12 Months ........
$332,308
$363,846
9.5%
*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.
$400
M E D I A N
S A L E S
(in hundred thousands)
$362
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$363,846
PROPERTIES FOR SALE
63
DAYS ON MARKET**
65
shadow inventory
71
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Tarzana DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$699,000
$885,000
26.6%
Average Price per Square Foot ...........................
$284
$335
18.0%
Properties Sold .......................................................
25
30
20.0%
Properties Pending Sale .......................................
33
37
12.1%
Properties For Sale ................................................
76
65
-14.5%
Days on Market (Pending Sale) ...........................
114
63
-44.7%
Month’s Supply of Inventory ................................
3
2.2
-28.7%
Percent Under Contract ........................................
43.4%
56.9%
31.1%
Average Median Price for Last 12 Months ........
$606,846
$756,462
24.7%
*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.
$885
M E D I A N
S A L E S
(in hundred thousands)
$699
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$756,462
PROPERTIES FOR SALE
65
DAYS ON MARKET**
75
shadow inventory
53
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Toluca Lake DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$880,000
$820,000
-6.8%
Average Price per Square Foot ...........................
$361
$507
40.4%
Properties Sold .......................................................
9
5
-44.4%
Properties Pending Sale .......................................
9
5
-44.4%
Properties For Sale ................................................
22
18
-18.2%
Days on Market (Pending Sale) ...........................
94
48
-48.9%
Month’s Supply of Inventory ................................
2.4
3.6
47.3%
Percent Under Contract ........................................
40.9%
27.8%
-32.1%
Average Median Price for Last 12 Months ........
$717,692
$1,089,231
51.8%
*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
$820
S A L E S
$880
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,089,231
PROPERTIES FOR SALE
18
DAYS ON MARKET**
87
shadow inventory
2
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Valley Village DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$668,000
$745,000
11.5%
Average Price per Square Foot ...........................
$329
$411
24.9%
Properties Sold .......................................................
12
22
83.3%
Properties Pending Sale .......................................
16
17
6.2%
Properties For Sale ................................................
36
36
0.0%
Days on Market (Pending Sale) ...........................
56
33
-41.1%
Month’s Supply of Inventory ................................
3
1.6
-45.5%
Percent Under Contract ........................................
44.4%
47.2%
6.2%
Average Median Price for Last 12 Months ........
$543,154
$667,923
23.0%
*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.
$745
M E D I A N
S A L E S
(in hundred thousands)
$668
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$667,923
PROPERTIES FOR SALE
36
DAYS ON MARKET**
61
shadow inventory
9
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Woodland Hills DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$529,000
$650,000
22.9%
Average Price per Square Foot ...........................
$243
$312
28.4%
Properties Sold .......................................................
67
71
6.0%
Properties Pending Sale .......................................
71
75
5.6%
Properties For Sale ................................................
131
150
14.5%
Days on Market (Pending Sale) ...........................
62
47
-24.2%
Month’s Supply of Inventory ................................
2
2.1
8.1%
Percent Under Contract ........................................
54.2%
50.0%
-7.7%
Average Median Price for Last 12 Months ........
$515,846
$580,154
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.
$650
M E D I A N
S A L E S
(in hundred thousands)
$529
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$580,154
PROPERTIES FOR SALE
150
DAYS ON MARKET**
66
shadow inventory
109
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
EfďŹ cient Financial security, expert staffing, advanced technology and personalized service. Portfolio Escrow, Inc. is driven to be a leading force in the escrow industry.
> >
424.203.1841 p o r t f o l i o e s c r o w. c o m
Š 2011 Portfolio Escrow, Inc. All Rights Reserved
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 July 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.