Teles intelligence
micro market report san fernando valley MARCH 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 : March 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
March 2013 : Micro Market Report
San Fernando Macro Market DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$518,769
$618,692
19.3%
Average Price per Square Foot ...........................
$297
$330
11.1%
Properties Sold .......................................................
405
444
9.6%
Properties Pending Sale .......................................
502
521
3.8%
Properties For Sale ................................................
1008
563
-44.1%
Days on Market (Pending Sale) ...........................
80
69
-13.9%
Month’s Supply of Inventory ................................
2.5
1.3
-49.1%
Percent Under Contract ........................................
49.8%
92.5%
85.8%
Average Median Price for Last 12 Months ........
$543,749
$594,621
9.4%
*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
S A L E S
$519
(in hundred thousands)
$619
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
Burbank DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$472,000
$570,000
20.8%
Average Price per Square Foot ...........................
$309
$345
11.7%
Properties Sold .......................................................
56
61
8.9%
Properties Pending Sale .......................................
68
59
-13.2%
Properties For Sale ................................................
113
37
-67.3%
Days on Market (Pending Sale) ...........................
79
62
-21.5%
Month’s Supply of Inventory ................................
2.0
0.6
-69.9%
Percent Under Contract ........................................
60.2%
159.5%
165.0%
Average Median Price for Last 12 Months ........
$486,308
$508,000
4.5%
*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.
$570
M E D I A N
S A L E S
(in hundred thousands)
$472
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$508,000 PROPERTIES FOR SALE
37 DAYS ON MARKET**
66 shadow inventory
101 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Encino DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$760,000
$850,000
11.8%
Average Price per Square Foot ...........................
$323
$354
9.6%
Properties Sold .......................................................
37
41
10.8%
Properties Pending Sale .......................................
48
47
-2.1%
Properties For Sale ................................................
81
70
-13.6%
Days on Market (Pending Sale) ...........................
74
47
-36.5%
Month’s Supply of Inventory ................................
2.2
1.7
-22.0%
Percent Under Contract ........................................
59.3%
67.1%
13.3%
Average Median Price for Last 12 Months ........
$784,154
$783,462
-0.1%
*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.
$850
M E D I A N
S A L E S
(in hundred thousands)
$760
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$783,462 PROPERTIES FOR SALE
70 DAYS ON MARKET**
71 shadow inventory
77 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Glendale DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$544,000
$579,000
6.4%
Average Price per Square Foot ...........................
$297
$344
15.8%
Properties Sold .......................................................
56
62
10.7%
Properties Pending Sale .......................................
63
50
-20.6%
Properties For Sale ................................................
146
80
-45.2%
Days on Market (Pending Sale) ...........................
92
63
-31.5%
Month’s Supply of Inventory ................................
2.6
1.3
-50.5%
Percent Under Contract ........................................
43.2%
62.5%
44.8%
Average Median Price for Last 12 Months ........
$564,692
$591,538
4.8%
*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
S A L E S
(in hundred thousands)
$579
$544
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$591,538 PROPERTIES FOR SALE
80 DAYS ON MARKET**
67 shadow inventory
108 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
La Crescenta DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$560,000
$615,000
9.8%
Average Price per Square Foot ...........................
$320
$334
4.4%
Properties Sold .......................................................
18
14
-22.2%
Properties Pending Sale .......................................
19
26
36.8%
Properties For Sale ................................................
32
21
-34.4%
Days on Market (Pending Sale) ...........................
86
41
-52.3%
Month’s Supply of Inventory ................................
1.8
1.5
-15.6%
Percent Under Contract ........................................
59.4%
123.8%
108.5%
Average Median Price for Last 12 Months ........
$563,077
$563,846
0.1%
*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.
$615
M E D I A N
S A L E S
(in hundred thousands)
$560
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$563,846 PROPERTIES FOR SALE
21 DAYS ON MARKET**
64 shadow inventory
28 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
North Hollywood DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$290,000
$358,000
23.4%
Average Price per Square Foot ...........................
$214
$240
12.1%
Properties Sold .......................................................
37
36
-2.7%
Properties Pending Sale .......................................
53
61
15.1%
Properties For Sale ................................................
86
32
-62.8%
Days on Market (Pending Sale) ...........................
111
74
-33.3%
Month’s Supply of Inventory ................................
2.3
0.9
-61.8%
Percent Under Contract ........................................
61.6%
190.6%
209.3%
Average Median Price for Last 12 Months ........
$305,231
$314,923
3.2%
*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.
$358
M E D I A N
S A L E S
(in hundred thousands)
$290
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$314,923 PROPERTIES FOR SALE
32 DAYS ON MARKET**
71 shadow inventory
142 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Shadow Hills DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$470,000
$495,000
5.3%
Average Price per Square Foot ...........................
$274
$271
-1.1%
Properties Sold .......................................................
2
4
100.0%
Properties Pending Sale .......................................
0
2
#DIV/0!
Properties For Sale ................................................
13
7
-46.2%
Days on Market (Pending Sale) ...........................
60
147
145.0%
Month’s Supply of Inventory ................................
6.5
1.8
-73.1%
Percent Under Contract ........................................
0.0%
28.6%
#DIV/0!
Average Median Price for Last 12 Months ........
$559,583
$582,769
4.1%
*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
S A L E S
$495
$470
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$582,769 PROPERTIES FOR SALE
7 DAYS ON MARKET**
88 shadow inventory
0 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Sherman Oaks DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$634,000
$825,000
30.1%
Average Price per Square Foot ...........................
$303
$363
19.8%
Properties Sold .......................................................
47
43
-8.5%
Properties Pending Sale .......................................
46
61
32.6%
Properties For Sale ................................................
133
84
-36.8%
Days on Market (Pending Sale) ...........................
106
58
-45.3%
Month’s Supply of Inventory ................................
2.8
2.0
-31.0%
Percent Under Contract ........................................
34.6%
72.6%
110.0%
Average Median Price for Last 12 Months ........
$647,000
$713,385
10.3%
*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.
(in hundred thousands)
$825
P R I C E
yearly trend
M E D I A N
S A L E S
$634
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$713,385 PROPERTIES FOR SALE
84 DAYS ON MARKET**
74 shadow inventory
67 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Studio City DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$740,000
$875,000
18.2%
Average Price per Square Foot ...........................
$357
$408
14.3%
Properties Sold .......................................................
25
27
8.0%
Properties Pending Sale .......................................
24
32
33.3%
Properties For Sale ................................................
74
54
-27.0%
Days on Market (Pending Sale) ...........................
91
96
5.5%
Month’s Supply of Inventory ................................
3.0
2.0
-32.4%
Percent Under Contract ........................................
32.4%
59.3%
82.7%
Average Median Price for Last 12 Months ........
$788,692
$860,231
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.
$875
M E D I A N
S A L E S
(in hundred thousands)
$740
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$860,231 PROPERTIES FOR SALE
54 DAYS ON MARKET**
73 shadow inventory
31 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Sun Valley DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$275,000
$308,000
12.0%
Average Price per Square Foot ...........................
$189
$245
29.6%
Properties Sold .......................................................
23
18
-21.7%
Properties Pending Sale .......................................
36
21
-41.7%
Properties For Sale ................................................
47
14
-70.2%
Days on Market (Pending Sale) ...........................
80
69
-13.8%
Month’s Supply of Inventory ................................
2.0
0.8
-61.9%
Percent Under Contract ........................................
76.6%
150.0%
95.8%
Average Median Price for Last 12 Months ........
$270,462
$285,154
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.
$308
M E D I A N
S A L E S
(in hundred thousands)
$275
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$285,154 PROPERTIES FOR SALE
14 DAYS ON MARKET**
66 shadow inventory
66 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Sunland - Tujunga DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$354,000
$355,000
0.3%
Average Price per Square Foot ...........................
$207
$259
25.1%
Properties Sold .......................................................
26
42
61.5%
Properties Pending Sale .......................................
41
51
24.4%
Properties For Sale ................................................
94
46
-51.1%
Days on Market (Pending Sale) ...........................
61
55
-9.8%
Month’s Supply of Inventory ................................
3.6
1.1
-69.7%
Percent Under Contract ........................................
43.6%
110.9%
154.2%
Average Median Price for Last 12 Months ........
$322,846
$351,538
8.9%
*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.
$355
M E D I A N
S A L E S
(in hundred thousands)
$354
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$351,538 PROPERTIES FOR SALE
46 DAYS ON MARKET**
68 shadow inventory
98 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Toluca Lake DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$640,000
$950,000
48.4%
Average Price per Square Foot ...........................
$493
$512
3.9%
Properties Sold .......................................................
2
11
450.0%
Properties Pending Sale .......................................
4
12
200.0%
Properties For Sale ................................................
28
15
-46.4%
Days on Market (Pending Sale) ...........................
18
48
166.7%
Month’s Supply of Inventory ................................
14.0
1.4
-90.3%
Percent Under Contract ........................................
14.3%
80.0%
460.0%
Average Median Price for Last 12 Months ........
$720,000
$1,007,308
39.9%
*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.
MAR
M E D I A N
$640
S A L E S
$950
(in hundred thousands)
P R I C E
yearly trend
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,007,308 PROPERTIES FOR SALE
15 DAYS ON MARKET**
88 shadow inventory
7 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Valley Village DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$530,000
$675,000
27.4%
Average Price per Square Foot ...........................
$341
$341
0.0%
Properties Sold .......................................................
11
15
36.4%
Properties Pending Sale .......................................
10
12
20.0%
Properties For Sale ................................................
32
19
-40.6%
Days on Market (Pending Sale) ...........................
101
70
-30.7%
Month’s Supply of Inventory ................................
2.9
1.3
-56.5%
Percent Under Contract ........................................
31.3%
63.2%
102.1%
Average Median Price for Last 12 Months ........
$538,154
$630,923
17.2%
*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)
$675
P R I C E
yearly trend
M E D I A N
S A L E S
$530
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$630,923 PROPERTIES FOR SALE
19 DAYS ON MARKET**
67 shadow inventory
7 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Woodland Hills DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$475,000
$588,000
23.8%
Average Price per Square Foot ...........................
$238
$279
17.2%
Properties Sold .......................................................
65
70
7.7%
Properties Pending Sale .......................................
90
87
-3.3%
Properties For Sale ................................................
129
84
-34.9%
Days on Market (Pending Sale) ...........................
77
62
-19.5%
Month’s Supply of Inventory ................................
2.0
1.2
-39.5%
Percent Under Contract ........................................
69.8%
103.6%
48.5%
Average Median Price for Last 12 Months ........
$518,538
$537,000
3.6%
*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.
$588
M E D I A N
S A L E S
(in hundred thousands)
$475
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$537,000 PROPERTIES FOR SALE
84 DAYS ON MARKET**
73 shadow inventory
132 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 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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