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micro market report san fernando valley October 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 : October 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
October 2013 : Micro Market Report
San Fernando Valley Macro Market DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$569,714
$732,286
28.5%
Average Price per Square Foot ...........................
$300
$372
23.8%
Properties Sold .......................................................
506
447
-11.7%
Properties Pending Sale .......................................
528
520
-1.5%
Properties For Sale ................................................
860
1,077
25.2%
Days on Market (Pending Sale) ...........................
72
54
-24.8%
Month’s Supply of Inventory ................................
1.7
2.4
41.8%
Percent Under Contract ........................................
61.4%
48.3%
-21.4%
Average Median Price for Last 12 Months ........
$559,665
$663,698
18.6%
*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 : October 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Burbank DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$515,000
$625,000
21.4%
Average Price per Square Foot ...........................
$339
$395
16.5%
Properties Sold .......................................................
51
60
17.6%
Properties Pending Sale .......................................
60
56
-6.7%
Properties For Sale ................................................
74
93
25.7%
Days on Market (Pending Sale) ...........................
74
40
-45.9%
Month’s Supply of Inventory ................................
1.5
1.6
6.8%
Percent Under Contract ........................................
81.1%
60.2%
-25.7%
Average Median Price for Last 12 Months ........
$489,923
$568,538
16.0%
*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.
$625
M E D I A N
S A L E S
(in hundred thousands)
$515
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$568,538
PROPERTIES FOR SALE
93
DAYS ON MARKET**
49
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
October 2013 : Micro Market Report
Encino DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$601,000
$1,248,000
107.7%
Average Price per Square Foot ...........................
$336
$447
33.0%
Properties Sold .......................................................
38
36
-5.3%
Properties Pending Sale .......................................
47
44
-6.4%
Properties For Sale ................................................
88
113
28.4%
Days on Market (Pending Sale) ...........................
79
50
-36.7%
Month’s Supply of Inventory ................................
2.3
3.1
35.5%
Percent Under Contract ........................................
53.4%
38.9%
-27.1%
Average Median Price for Last 12 Months ........
$780,538
$864,769
10.8%
*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.
S A L E S
(in hundred thousands)
$1.248
P R I C E
yearly trend
M E D I A N
$601
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$864,769
PROPERTIES FOR SALE
113
DAYS ON MARKET**
62
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
October 2013 : Micro Market Report
Glendale DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$575,000
$619,000
7.7%
Average Price per Square Foot ...........................
$335
$393
17.3%
Properties Sold .......................................................
77
36
-53.2%
Properties Pending Sale .......................................
77
54
-29.9%
Properties For Sale ................................................
110
126
14.5%
Days on Market (Pending Sale) ...........................
56
33
-41.1%
Month’s Supply of Inventory ................................
1.4
3.5
145.0%
Percent Under Contract ........................................
70.0%
42.9%
-38.8%
Average Median Price for Last 12 Months ........
$574,538
$644,462
12.2%
*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
(in hundred thousands)
$619
$575
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$644,462
PROPERTIES FOR SALE
126
DAYS ON MARKET**
54
shadow inventory
83
**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
October 2013 : Micro Market Report
La Crescenta DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$589,000
$650,000
10.4%
Average Price per Square Foot ...........................
$356
$410
15.2%
Properties Sold .......................................................
23
27
17.4%
Properties Pending Sale .......................................
25
27
8.0%
Properties For Sale ................................................
20
29
45.0%
Days on Market (Pending Sale) ...........................
70
52
-25.7%
Month’s Supply of Inventory ................................
0.9
1.1
23.5%
Percent Under Contract ........................................
125.0%
93.1%
-25.5%
Average Median Price for Last 12 Months ........
$544,462
$623,385
14.5%
*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)
$589
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$623,385
PROPERTIES FOR SALE
29
DAYS ON MARKET**
49
shadow inventory
21
**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
October 2013 : Micro Market Report
North Hollywood DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$310,000
$380,000
22.6%
Average Price per Square Foot ...........................
$233
$285
22.3%
Properties Sold .......................................................
51
37
-27.5%
Properties Pending Sale .......................................
43
61
41.9%
Properties For Sale ................................................
53
77
45.3%
Days on Market (Pending Sale) ...........................
49
48
-2.0%
Month’s Supply of Inventory ................................
1
2.1
100.3%
Percent Under Contract ........................................
81.1%
79.2%
-2.4%
Average Median Price for Last 12 Months ........
$303,923
$367,923
21.1%
*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.
(in hundred thousands)
$380
P R I C E
yearly trend
M E D I A N
S A L E S
$310
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$367,923
PROPERTIES FOR SALE
77
DAYS ON MARKET**
55
shadow inventory
117
**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
October 2013 : Micro Market Report
Shadow Hills DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$608,000
$633,000
4.1%
Average Price per Square Foot ...........................
$199
$246
23.6%
Properties Sold .......................................................
2
2
0.0%
Properties Pending Sale .......................................
2
2
0.0%
Properties For Sale ................................................
11
16
45.5%
Days on Market (Pending Sale) ...........................
110
35
-68.2%
Month’s Supply of Inventory ................................
5.5
8
45.5%
Percent Under Contract ........................................
18.2%
12.5%
-31.2%
Average Median Price for Last 12 Months ........
$585,000
$635,462
8.6%
*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.
M E D I A N
S A L E S
$633
$608
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$635,462
PROPERTIES FOR SALE
16
DAYS ON MARKET**
98
shadow inventory
1
**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
October 2013 : Micro Market Report
Sherman Oaks DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$739,000
$825,000
11.6%
Average Price per Square Foot ...........................
$353
$437
23.8%
Properties Sold .......................................................
60
57
-5.0%
Properties Pending Sale .......................................
55
59
7.3%
Properties For Sale ................................................
109
151
38.5%
Days on Market (Pending Sale) ...........................
77
50
-35.1%
Month’s Supply of Inventory ................................
1.8
2.6
45.8%
Percent Under Contract ........................................
50.5%
39.1%
-22.6%
Average Median Price for Last 12 Months ........
$676,154
$766,615
13.4%
*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.
$825
M E D I A N
S A L E S
(in hundred thousands)
$739
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$766,615
PROPERTIES FOR SALE
151
DAYS ON MARKET**
60
shadow inventory
51
**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
October 2013 : Micro Market Report
Studio City DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$840,000
$990,000
17.9%
Average Price per Square Foot ...........................
$423
$489
15.6%
Properties Sold .......................................................
35
28
-20.0%
Properties Pending Sale .......................................
23
39
69.6%
Properties For Sale ................................................
66
89
34.8%
Days on Market (Pending Sale) ...........................
63
72
14.3%
Month’s Supply of Inventory ................................
1.9
3.2
68.6%
Percent Under Contract ........................................
34.8%
43.8%
25.7%
Average Median Price for Last 12 Months ........
$820,077
$941,923
14.9%
*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.
(in hundred thousands)
$990
P R I C E
yearly trend
M E D I A N
S A L E S
$840
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$941,923
PROPERTIES FOR SALE
89
DAYS ON MARKET**
59
shadow inventory
13
**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
October 2013 : Micro Market Report
Sun Valley DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$300,000
$378,000
26.0%
Average Price per Square Foot ...........................
$213
$254
19.2%
Properties Sold .......................................................
27
24
-11.1%
Properties Pending Sale .......................................
25
26
4.0%
Properties For Sale ................................................
22
46
109.1%
Days on Market (Pending Sale) ...........................
63
62
-1.6%
Month’s Supply of Inventory ................................
0.8
1.9
135.2%
Percent Under Contract ........................................
113.6%
56.5%
-50.3%
Average Median Price for Last 12 Months ........
$266,923
$322,385
20.8%
*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.
$378
M E D I A N
S A L E S
(in hundred thousands)
$300
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$322,385
PROPERTIES FOR SALE
46
DAYS ON MARKET**
51
shadow inventory
48
**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
October 2013 : Micro Market Report
Sunland/Tujunga DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$350,000
$425,000
21.4%
Average Price per Square Foot ...........................
$231
$313
35.5%
Properties Sold .......................................................
45
37
-17.8%
Properties Pending Sale .......................................
46
42
-8.7%
Properties For Sale ................................................
66
72
9.1%
Days on Market (Pending Sale) ...........................
80
48
-40.0%
Month’s Supply of Inventory ................................
1.5
1.9
32.7%
Percent Under Contract ........................................
69.7%
58.3%
-16.3%
Average Median Price for Last 12 Months ........
$335,385
$378,615
12.9%
*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.
$425
M E D I A N
S A L E S
(in hundred thousands)
$350
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$378,615
PROPERTIES FOR SALE
72
DAYS ON MARKET**
60
shadow inventory
62
**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
October 2013 : Micro Market Report
Tarzana DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$479,000
$833,000
73.9%
Average Price per Square Foot ...........................
$290
$331
14.1%
Properties Sold .......................................................
18
26
44.4%
Properties Pending Sale .......................................
30
29
-3.3%
Properties For Sale ................................................
75
70
-6.7%
Days on Market (Pending Sale) ...........................
45
49
8.9%
Month’s Supply of Inventory ................................
4.2
2.7
-35.4%
Percent Under Contract ........................................
40.0%
41.4%
3.6%
Average Median Price for Last 12 Months ........
$598,462
$773,154
29.2%
*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
(in hundred thousands)
$833
P R I C E
yearly trend
M E D I A N
$479
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$773,154
PROPERTIES FOR SALE
70
DAYS ON MARKET**
68
shadow inventory
47
**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
October 2013 : Micro Market Report
Toluca Lake DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$830,000
$1,170,000
41.0%
Average Price per Square Foot ...........................
$331
$534
61.3%
Properties Sold .......................................................
7
7
0.0%
Properties Pending Sale .......................................
6
9
50.0%
Properties For Sale ................................................
24
13
-45.8%
Days on Market (Pending Sale) ...........................
98
106
8.2%
Month’s Supply of Inventory ................................
3.4
1.9
-45.8%
Percent Under Contract ........................................
25.0%
69.2%
176.9%
Average Median Price for Last 12 Months ........
$772,538
$1,101,000
42.5%
*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
$830
S A L E S
$1.170
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,101,000
PROPERTIES FOR SALE
13
DAYS ON MARKET**
77
shadow inventory
5
**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
October 2013 : Micro Market Report
Valley Village DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$670,000
$823,000
22.8%
Average Price per Square Foot ...........................
$319
$379
18.8%
Properties Sold .......................................................
10
15
50.0%
Properties Pending Sale .......................................
16
10
-37.5%
Properties For Sale ................................................
24
25
4.2%
Days on Market (Pending Sale) ...........................
64
44
-31.2%
Month’s Supply of Inventory ................................
2.4
1.7
-30.6%
Percent Under Contract ........................................
66.7%
40.0%
-40.0%
Average Median Price for Last 12 Months ........
$564,615
$695,000
23.1%
*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.
$823
M E D I A N
S A L E S
(in hundred thousands)
$670
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$695,000
PROPERTIES FOR SALE
25
DAYS ON MARKET**
55
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
October 2013 : Micro Market Report
Woodland Hills DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$570,000
$653,000
14.6%
Average Price per Square Foot ...........................
$248
$295
19.0%
Properties Sold .......................................................
62
55
-11.3%
Properties Pending Sale .......................................
73
62
-15.1%
Properties For Sale ................................................
118
157
33.1%
Days on Market (Pending Sale) ...........................
84
72
-14.3%
Month’s Supply of Inventory ................................
1.9
2.9
50.0%
Percent Under Contract ........................................
61.9%
39.5%
-36.2%
Average Median Price for Last 12 Months ........
$522,769
$608,538
16.4%
*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.
$653
M E D I A N
S A L E S
(in hundred thousands)
$570
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$608,538
PROPERTIES FOR SALE
157
DAYS ON MARKET**
63
shadow inventory
78
**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
October 2013 : Micro Market Report
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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 October 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.