Teles intelligence
micro market report san fernando valley May 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 : May 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
May 2013 : Micro Market Report
San Fernando Valley DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$588,071
$674,429
14.7%
Average Price per Square Foot ...........................
$308
$358
16.1%
Properties Sold .......................................................
471
507
7.6%
Properties Pending Sale .......................................
552
614
11.2%
Properties For Sale ................................................
1,012
754
-25.5%
Days on Market (Pending Sale) ...........................
74
50
-32.1%
Month’s Supply of Inventory ................................
2.1
1.5
-30.8%
Percent Under Contract ........................................
54.5%
81.4%
49.3%
Average Median Price for Last 12 Months ........
$550,359
$620,802
12.8%
*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.
$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 : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Burbank DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$485,000
$638,000
31.5%
Average Price per Square Foot ...........................
$334
$372
11.4%
Properties Sold .......................................................
55
52
-5.5%
Properties Pending Sale .......................................
63
63
0.0%
Properties For Sale ................................................
78
65
-16.7%
Days on Market (Pending Sale) ...........................
71
36
-49.3%
Month’s Supply of Inventory ................................
1.4
1.2
-11.9%
Percent Under Contract ........................................
80.8%
96.9%
20.0%
Average Median Price for Last 12 Months ........
$486,231
$527,538
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.
$638
M E D I A N
S A L E S
(in hundred thousands)
$485
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$527,538
PROPERTIES FOR SALE
65
DAYS ON MARKET**
61
shadow inventory
92
**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
May 2013 : Micro Market Report
Encino DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$950,000
$801,000
-15.7%
Average Price per Square Foot ...........................
$332
$380
14.5%
Properties Sold .......................................................
39
46
17.9%
Properties Pending Sale .......................................
42
60
42.9%
Properties For Sale ................................................
81
87
7.4%
Days on Market (Pending Sale) ...........................
68
54
-20.6%
Month’s Supply of Inventory ................................
2.1
1.9
-8.9%
Percent Under Contract ........................................
51.9%
69.0%
33.0%
Average Median Price for Last 12 Months ........
$799,231
$789,692
-1.2%
*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.
M E D I A N
S A L E S
$801
(in hundred thousands)
$950
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$789,692
PROPERTIES FOR SALE
87
DAYS ON MARKET**
69
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
May 2013 : Micro Market Report
Glendale DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$560,000
$740,000
32.1%
Average Price per Square Foot ...........................
$338
$383
13.3%
Properties Sold .......................................................
61
54
-11.5%
Properties Pending Sale .......................................
79
78
-1.3%
Properties For Sale ................................................
131
88
-32.8%
Days on Market (Pending Sale) ...........................
64
53
-17.2%
Month’s Supply of Inventory ................................
2.1
1.6
-24.1%
Percent Under Contract ........................................
60.3%
88.6%
47.0%
Average Median Price for Last 12 Months ........
$562,077
$607,308
8.0%
*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.
$740
M E D I A N
S A L E S
(in hundred thousands)
$560
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$607,308
PROPERTIES FOR SALE
88
DAYS ON MARKET**
63
shadow inventory
112
**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
May 2013 : Micro Market Report
La Crescenta DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$575,000
$696,000
21.0%
Average Price per Square Foot ...........................
$333
$374
12.3%
Properties Sold .......................................................
21
18
-14.3%
Properties Pending Sale .......................................
16
21
31.2%
Properties For Sale ................................................
29
22
-24.1%
Days on Market (Pending Sale) ...........................
75
53
-29.3%
Month’s Supply of Inventory ................................
1.4
1.2
-11.5%
Percent Under Contract ........................................
55.2%
95.5%
73.0%
Average Median Price for Last 12 Months ........
$562,615
$585,462
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.
$696
M E D I A N
S A L E S
(in hundred thousands)
$575
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$585,462
PROPERTIES FOR SALE
22
DAYS ON MARKET**
59
shadow inventory
25
**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
May 2013 : Micro Market Report
North Hollywood DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$270,000
$409,000
51.5%
Average Price per Square Foot ...........................
$216
$319
47.7%
Properties Sold .......................................................
40
48
20.0%
Properties Pending Sale .......................................
60
53
-11.7%
Properties For Sale ................................................
75
34
-54.7%
Days on Market (Pending Sale) ...........................
73
51
-30.1%
Month’s Supply of Inventory ................................
1.9
0.7
-62.2%
Percent Under Contract ........................................
80.0%
155.9%
94.9%
Average Median Price for Last 12 Months ........
$300,692
$329,462
9.6%
*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)
$409
P R I C E
yearly trend
M E D I A N
$270
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$329,462
PROPERTIES FOR SALE
34
DAYS ON MARKET**
65
shadow inventory
149
**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
May 2013 : Micro Market Report
Shadow Hills DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$762,000
$628,000
-17.6%
Average Price per Square Foot ...........................
$310
$307
-1.0%
Properties Sold .......................................................
4
4
0.0%
Properties Pending Sale .......................................
3
1
-66.7%
Properties For Sale ................................................
13
20
53.8%
Days on Market (Pending Sale) ...........................
72
54
-25.0%
Month’s Supply of Inventory ................................
3.2
5
53.8%
Percent Under Contract ........................................
23.1%
5.0%
-78.3%
Average Median Price for Last 12 Months ........
$563,333
$626,462
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.
S A L E S M E D I A N
$628
(in hundred thousands)
$762
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$626,462
PROPERTIES FOR SALE
20
DAYS ON MARKET**
98
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
May 2013 : Micro Market Report
Sherman Oaks DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$700,000
$815,000
16.4%
Average Price per Square Foot ...........................
$347
$431
24.2%
Properties Sold .......................................................
41
66
61.0%
Properties Pending Sale .......................................
56
76
35.7%
Properties For Sale ................................................
138
101
-26.8%
Days on Market (Pending Sale) ...........................
70
51
-27.1%
Month’s Supply of Inventory ................................
3.4
1.5
-54.5%
Percent Under Contract ........................................
40.6%
75.2%
85.4%
Average Median Price for Last 12 Months ........
$659,308
$729,077
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.
$815
M E D I A N
S A L E S
(in hundred thousands)
$700
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$729,077
PROPERTIES FOR SALE
101
DAYS ON MARKET**
68
shadow inventory
65
**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
May 2013 : Micro Market Report
Studio City DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$908,000
$905,000
-0.3%
Average Price per Square Foot ...........................
$404
$459
13.6%
Properties Sold .......................................................
23
35
52.2%
Properties Pending Sale .......................................
32
37
15.6%
Properties For Sale ................................................
69
70
1.4%
Days on Market (Pending Sale) ...........................
52
40
-23.1%
Month’s Supply of Inventory ................................
3
2
-33.3%
Percent Under Contract ........................................
46.4%
52.9%
14.0%
Average Median Price for Last 12 Months ........
$810,846
$872,154
7.6%
*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.
$908
M E D I A N
S A L E S
(in hundred thousands)
$905
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$872,154
PROPERTIES FOR SALE
70
DAYS ON MARKET**
66
shadow inventory
33
**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
May 2013 : Micro Market Report
Sun Valley DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$268,000
$325,000
21.3%
Average Price per Square Foot ...........................
$200
$271
35.5%
Properties Sold .......................................................
28
15
-46.4%
Properties Pending Sale .......................................
27
27
0.0%
Properties For Sale ................................................
30
26
-13.3%
Days on Market (Pending Sale) ...........................
94
37
-60.6%
Month’s Supply of Inventory ................................
1.1
1.7
61.8%
Percent Under Contract ........................................
90.0%
103.8%
15.4%
Average Median Price for Last 12 Months ........
$268,385
$292,846
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.
$325
M E D I A N
S A L E S
(in hundred thousands)
$268
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$292,846
PROPERTIES FOR SALE
26
DAYS ON MARKET**
59
shadow inventory
66
**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
May 2013 : Micro Market Report
Sunland/Tujunga DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$342,000
$403,000
17.8%
Average Price per Square Foot ...........................
$225
$268
19.1%
Properties Sold .......................................................
38
42
10.5%
Properties Pending Sale .......................................
43
47
9.3%
Properties For Sale ................................................
75
38
-49.3%
Days on Market (Pending Sale) ...........................
79
52
-34.2%
Month’s Supply of Inventory ................................
2
0.9
-54.2%
Percent Under Contract ........................................
57.3%
123.7%
115.7%
Average Median Price for Last 12 Months ........
$320,923
$359,000
11.9%
*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.
$403
M E D I A N
S A L E S
(in hundred thousands)
$342
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$359,000
PROPERTIES FOR SALE
38
DAYS ON MARKET**
67
shadow inventory
90
**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
May 2013 : Micro Market Report
Tarzana DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$605,000
$918,000
51.7%
Average Price per Square Foot ...........................
$286
$332
16.1%
Properties Sold .......................................................
31
31
0.0%
Properties Pending Sale .......................................
35
48
37.1%
Properties For Sale ................................................
87
45
-48.3%
Days on Market (Pending Sale) ...........................
68
52
-23.5%
Month’s Supply of Inventory ................................
2.8
1.5
-48.3%
Percent Under Contract ........................................
40.2%
106.7%
165.1%
Average Median Price for Last 12 Months ........
$622,154
$711,000
14.3%
*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.
S A L E S
(in hundred thousands)
$918
P R I C E
yearly trend
M E D I A N
$605
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$711,000
PROPERTIES FOR SALE
45
DAYS ON MARKET**
77
shadow inventory
60
**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
May 2013 : Micro Market Report
Toluca Lake DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$728,000
$888,000
22.0%
Average Price per Square Foot ...........................
$422
$443
5.0%
Properties Sold .......................................................
6
10
66.7%
Properties Pending Sale .......................................
12
4
-66.7%
Properties For Sale ................................................
26
17
-34.6%
Days on Market (Pending Sale) ...........................
100
36
-64.0%
Month’s Supply of Inventory ................................
4.3
1.7
-60.8%
Percent Under Contract ........................................
46.2%
23.5%
-49.0%
Average Median Price for Last 12 Months ........
$715,769
$1,056,000
47.5%
*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.
M E D I A N
S A L E S
$888 $728
(in hundred thousands)
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$1,056,000
PROPERTIES FOR SALE
17
DAYS ON MARKET**
91
shadow inventory
7
**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
May 2013 : Micro Market Report
Valley Village DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$600,000
$652,000
8.7%
Average Price per Square Foot ...........................
$317
$367
15.8%
Properties Sold .......................................................
15
10
-33.3%
Properties Pending Sale .......................................
14
18
28.6%
Properties For Sale ................................................
35
29
-17.1%
Days on Market (Pending Sale) ...........................
70
88
25.7%
Month’s Supply of Inventory ................................
2.3
2.9
24.3%
Percent Under Contract ........................................
40.0%
62.1%
55.2%
Average Median Price for Last 12 Months ........
$518,923
$648,692
25.0%
*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.
$652
M E D I A N
S A L E S
(in hundred thousands)
$600
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$648,692
PROPERTIES FOR SALE
29
DAYS ON MARKET**
66
shadow inventory
8
**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
May 2013 : Micro Market Report
Woodland Hills DATA*
May 2012
May 2013
% CHANGE
Median Price ..........................................................
$480,000
$624,000
30.0%
Average Price per Square Foot ...........................
$250
$302
20.8%
Properties Sold .......................................................
69
76
10.1%
Properties Pending Sale .......................................
70
81
15.7%
Properties For Sale ................................................
145
112
-22.8%
Days on Market (Pending Sale) ...........................
77
44
-42.9%
Month’s Supply of Inventory ................................
2.1
1.5
-29.9%
Percent Under Contract ........................................
48.3%
72.3%
49.8%
Average Median Price for Last 12 Months ........
$514,538
$556,538
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.
$624
M E D I A N
S A L E S
(in hundred thousands)
$480
P R I C E
yearly trend
May
Jun
Jul
Aug
Micro Market Report : May 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
telesintelligence.com
the numbers median sales price**
$556,538
PROPERTIES FOR SALE
112
DAYS ON MARKET**
69
shadow inventory
118
**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
May 2013 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence May 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.