Teles intelligence
micro market report san fernando valley SEPTEMBER 2012 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
san fernando
san gab
los ang
San Fernando Macro Market
Glendale
Shadow Hills
Burbank
La Crescenta
Sherman Oaks
Encino
North Hollywood
Studio City
Micro Market Report : September 2012
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
September 2012 : Micro Market Report
San Fernando Macro Market DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$512,923
$636,231
24.0%
Average Price per Square Foot ...........................
$289
$307
6.2%
Properties Sold .......................................................
373
370
-0.8%
Properties Pending Sale .......................................
397
500
25.9%
Properties For Sale ................................................
1448
826
-43.0%
Days on Market (Pending Sale) ...........................
80
74
-7.8%
Month’s Supply of Inventory ................................
3.9
2.2
-42.5%
Percent Under Contract ........................................
27.4%
60.5%
120.8%
Average Median Price for Last 12 Months ........
$560,946
$552,083
-1.6%
*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.
(in hundred thousands)
$636
P R I C E
yearly trend
M E D I A N
S A L E S
$513
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
Burbank DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$482,000
$519,000
7.7%
Average Price per Square Foot ...........................
$322
$347
7.8%
Properties Sold .......................................................
44
43
-2.3%
Properties Pending Sale .......................................
47
64
36.2%
Properties For Sale ................................................
149
70
-53.0%
Days on Market (Pending Sale) ...........................
68
65
-4.4%
Month’s Supply of Inventory ................................
3.4
1.6
-51.9%
Percent Under Contract ........................................
31.5%
91.4%
189.8%
Average Median Price for Last 12 Months ........
$509,000
$488,077
-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.
$519
M E D I A N
S A L E S
(in hundred thousands)
$482
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$488,077 PROPERTIES FOR SALE
70 DAYS ON MARKET**
67 shadow inventory
288 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Encino DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$657,000
$908,000
38.2%
Average Price per Square Foot ...........................
$324
$320
-1.2%
Properties Sold .......................................................
25
20
-20.0%
Properties Pending Sale .......................................
38
31
-18.4%
Properties For Sale ................................................
141
98
-30.5%
Days on Market (Pending Sale) ...........................
68
79
16.2%
Month’s Supply of Inventory ................................
5.6
4.9
-13.1%
Percent Under Contract ........................................
27.0%
31.6%
17.4%
Average Median Price for Last 12 Months ........
$746,154
$789,385
5.8%
*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.
(in hundred thousands)
$908
P R I C E
yearly trend
M E D I A N
S A L E S
$657
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$789,385 PROPERTIES FOR SALE
98 DAYS ON MARKET**
78 shadow inventory
173 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Glendale DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$555,000
$580,000
4.5%
Average Price per Square Foot ...........................
$298
$331
11.1%
Properties Sold .......................................................
54
59
9.3%
Properties Pending Sale .......................................
52
78
50.0%
Properties For Sale ................................................
205
128
-37.6%
Days on Market (Pending Sale) ...........................
76
62
-18.4%
Month’s Supply of Inventory ................................
3.8
2.2
-42.9%
Percent Under Contract ........................................
25.4%
60.9%
140.2%
Average Median Price for Last 12 Months ........
$589,308
$573,077
-2.8%
*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)
$580
$555
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$573,077 PROPERTIES FOR SALE
128 DAYS ON MARKET**
74 shadow inventory
314 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
La Crescenta DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$516,000
$650,000
26.0%
Average Price per Square Foot ...........................
$324
$334
3.1%
Properties Sold .......................................................
20
13
-35.0%
Properties Pending Sale .......................................
16
15
-6.3%
Properties For Sale ................................................
53
24
-54.7%
Days on Market (Pending Sale) ...........................
85
49
-42.4%
Month’s Supply of Inventory ................................
2.7
1.8
-30.3%
Percent Under Contract ........................................
30.2%
62.5%
107.0%
Average Median Price for Last 12 Months ........
$581,308
$536,923
-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.
$650
M E D I A N
S A L E S
(in hundred thousands)
$516
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$536,923 PROPERTIES FOR SALE
24 DAYS ON MARKET**
82 shadow inventory
79 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
North Hollywood DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$295,000
$325,000
10.2%
Average Price per Square Foot ...........................
$210
$225
7.1%
Properties Sold .......................................................
46
42
-8.7%
Properties Pending Sale .......................................
48
44
-8.3%
Properties For Sale ................................................
172
52
-69.8%
Days on Market (Pending Sale) ...........................
77
64
-16.9%
Month’s Supply of Inventory ................................
3.7
1.2
-66.9%
Percent Under Contract ........................................
27.9%
84.6%
203.2%
Average Median Price for Last 12 Months ........
$308,615
$302,615
-1.9%
*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.
$325
M E D I A N
S A L E S
(in hundred thousands)
$295
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$302,615 PROPERTIES FOR SALE
52 DAYS ON MARKET**
76 shadow inventory
375 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Shadow Hills DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$428,000
$600,000
40.2%
Average Price per Square Foot ...........................
$233
$241
3.4%
Properties Sold .......................................................
2
1
-50.0%
Properties Pending Sale .......................................
3
5
66.7%
Properties For Sale ................................................
20
11
-45.0%
Days on Market (Pending Sale) ...........................
220
53
-75.9%
Month’s Supply of Inventory ................................
10.0
11.0
10.0%
Percent Under Contract ........................................
15.0%
45.5%
203.0%
Average Median Price for Last 12 Months ........
$564,455
$570,000
1.0%
*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.
S A L E S
(in hundred thousands)
$600
P R I C E
yearly trend
M E D I A N
$428
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$570,000 PROPERTIES FOR SALE
11 DAYS ON MARKET**
87 shadow inventory
1 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Sherman Oaks DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$719,000
$775,000
7.8%
Average Price per Square Foot ...........................
$348
$367
5.5%
Properties Sold .......................................................
37
36
-2.7%
Properties Pending Sale .......................................
40
58
45.0%
Properties For Sale ................................................
163
114
-30.1%
Days on Market (Pending Sale) ...........................
56
70
25.0%
Month’s Supply of Inventory ................................
4.4
3.2
-28.1%
Percent Under Contract ........................................
24.5%
50.9%
107.3%
Average Median Price for Last 12 Months ........
$676,846
$673,923
-0.4%
*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.
$775
M E D I A N
S A L E S
(in hundred thousands)
$719
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$673,923 PROPERTIES FOR SALE
114 DAYS ON MARKET**
75 shadow inventory
127 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Studio City DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$782,000
$798,000
2.0%
Average Price per Square Foot ...........................
$384
$379
-1.3%
Properties Sold .......................................................
28
30
7.1%
Properties Pending Sale .......................................
22
29
31.8%
Properties For Sale ................................................
113
58
-48.7%
Days on Market (Pending Sale) ...........................
59
88
49.2%
Month’s Supply of Inventory ................................
4.0
1.9
-52.1%
Percent Under Contract ........................................
19.5%
50.0%
156.8%
Average Median Price for Last 12 Months ........
$810,462
$815,462
0.6%
*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.
$798
M E D I A N
S A L E S
(in hundred thousands)
$782
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$815,462 PROPERTIES FOR SALE
58 DAYS ON MARKET**
74 shadow inventory
55 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Sun Valley DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$256,000
$307,000
19.9%
Average Price per Square Foot ...........................
$187
$222
18.7%
Properties Sold .......................................................
30
14
-53.3%
Properties Pending Sale .......................................
36
33
-8.3%
Properties For Sale ................................................
55
24
-56.4%
Days on Market (Pending Sale) ...........................
65
76
16.9%
Month’s Supply of Inventory ................................
1.8
1.7
-6.5%
Percent Under Contract ........................................
65.5%
137.5%
110.1%
Average Median Price for Last 12 Months ........
$278,462
$262,615
-5.7%
*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.
$307
M E D I A N
S A L E S
(in hundred thousands)
$256
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$262,615 PROPERTIES FOR SALE
24 DAYS ON MARKET**
73 shadow inventory
142 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Sunland - Tujunga DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$346,000
$350,000
1.2%
Average Price per Square Foot ...........................
$215
$240
11.6%
Properties Sold .......................................................
28
40
42.9%
Properties Pending Sale .......................................
29
54
86.2%
Properties For Sale ................................................
102
63
-38.2%
Days on Market (Pending Sale) ...........................
82
65
-20.7%
Month’s Supply of Inventory ................................
3.6
1.6
-56.8%
Percent Under Contract ........................................
28.4%
85.7%
201.5%
Average Median Price for Last 12 Months ........
$334,846
$334,538
-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.
$350
M E D I A N
S A L E S
(in hundred thousands)
$346
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$334,538 PROPERTIES FOR SALE
63 DAYS ON MARKET**
75 shadow inventory
251 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Toluca Lake DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$565,000
$1,300,000
130.1%
Average Price per Square Foot ...........................
$394
$443
12.4%
Properties Sold .......................................................
7
5
-28.6%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
27
22
-18.5%
Days on Market (Pending Sale) ...........................
34
147
332.4%
Month’s Supply of Inventory ................................
3.9
4.4
14.1%
Percent Under Contract ........................................
25.9%
31.8%
22.7%
Average Median Price for Last 12 Months ........
$780,923
$767,750
-1.7%
*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.
S A L E S
(in hundred thousands)
$1.300
P R I C E
yearly trend
M E D I A N
$565
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$767,750 PROPERTIES FOR SALE
22 DAYS ON MARKET**
95 shadow inventory
8 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Valley Village DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$552,000
$622,000
12.7%
Average Price per Square Foot ...........................
$287
$282
-1.7%
Properties Sold .......................................................
6
15
150.0%
Properties Pending Sale .......................................
11
10
-9.1%
Properties For Sale ................................................
39
30
-23.1%
Days on Market (Pending Sale) ...........................
70
61
-12.9%
Month’s Supply of Inventory ................................
6.5
2.0
-69.2%
Percent Under Contract ........................................
28.2%
33.3%
18.2%
Average Median Price for Last 12 Months ........
$583,769
$567,615
-2.8%
*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.
$622
M E D I A N
S A L E S
(in hundred thousands)
$552
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$567,615 PROPERTIES FOR SALE
30 DAYS ON MARKET**
63 shadow inventory
10 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : Micro Market Report
Woodland Hills DATA*
SEP 2011
SEP 2012
% CHANGE
Median Price ..........................................................
$515,000
$537,000
4.3%
Average Price per Square Foot ...........................
$231
$258
11.7%
Properties Sold .......................................................
46
52
13.0%
Properties Pending Sale .......................................
48
72
50.0%
Properties For Sale ................................................
209
132
-36.8%
Days on Market (Pending Sale) ...........................
85
84
-1.2%
Month’s Supply of Inventory ................................
4.5
2.5
-44.1%
Percent Under Contract ........................................
23.0%
54.5%
137.5%
Average Median Price for Last 12 Months ........
$528,154
$518,615
-1.8%
*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.
$537
M E D I A N
S A L E S
(in hundred thousands)
$515
P R I C E
yearly trend
SEP
OCT
NOV
DEC
Micro Market Report : September 2012
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
telesintelligence.com
the numbers median sales price**
$518,615 PROPERTIES FOR SALE
132 DAYS ON MARKET**
75 shadow inventory
332 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
September 2012 : 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 SEPTEMBER 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.