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micro market report san fernando valley September 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 : September 2013
telesintelligence.com
briel
south bay
geles
orange county Sun Valley
Valley Village
Sunland - Tujunga
Woodland Hills
Toluca Lake
September 2013 : Micro Market Report
San Fernando Valley Macro Market DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$636,500
$696,143
9.4%
Average Price per Square Foot ...........................
$305
$361
18.2%
Properties Sold .......................................................
412
439
6.6%
Properties Pending Sale .......................................
492
417
-15.2%
Properties For Sale ................................................
922
1,071
16.2%
Days on Market (Pending Sale) ...........................
71
50
-30.5%
Month’s Supply of Inventory ................................
2.2
2.4
9.0%
Percent Under Contract ........................................
53.4%
38.9%
-27.0%
Average Median Price for Last 12 Months ........
$556,560
$656,330
17.9%
*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.
$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 : September 2013
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Burbank DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$522,000
$590,000
13.0%
Average Price per Square Foot ...........................
$346
$402
16.2%
Properties Sold .......................................................
46
57
23.9%
Properties Pending Sale .......................................
57
56
-1.8%
Properties For Sale ................................................
70
89
27.1%
Days on Market (Pending Sale) ...........................
65
40
-38.5%
Month’s Supply of Inventory ................................
1.5
1.6
2.6%
Percent Under Contract ........................................
81.4%
62.9%
-22.7%
Average Median Price for Last 12 Months ........
$487,385
$560,615
15.0%
*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.
$590
M E D I A N
S A L E S
(in hundred thousands)
$522
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$560,615
PROPERTIES FOR SALE
89
DAYS ON MARKET**
51
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
September 2013 : Micro Market Report
Encino DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$848,000
$968,000
14.2%
Average Price per Square Foot ...........................
$320
$386
20.6%
Properties Sold .......................................................
22
28
27.3%
Properties Pending Sale .......................................
32
36
12.5%
Properties For Sale ................................................
101
118
16.8%
Days on Market (Pending Sale) ...........................
75
62
-17.3%
Month’s Supply of Inventory ................................
4.6
4.2
-8.2%
Percent Under Contract ........................................
31.7%
30.5%
-3.7%
Average Median Price for Last 12 Months ........
$784,846
$834,000
6.3%
*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.
$968
M E D I A N
S A L E S
(in hundred thousands)
$848
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$834,000
PROPERTIES FOR SALE
118
DAYS ON MARKET**
64
shadow inventory
63
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
September 2013 : Micro Market Report
Glendale DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$582,000
$728,000
25.1%
Average Price per Square Foot ...........................
$339
$363
7.1%
Properties Sold .......................................................
60
54
-10.0%
Properties Pending Sale .......................................
74
45
-39.2%
Properties For Sale ................................................
129
130
0.8%
Days on Market (Pending Sale) ...........................
63
53
-15.9%
Month’s Supply of Inventory ................................
2.2
2.4
12.0%
Percent Under Contract ........................................
57.4%
34.6%
-39.7%
Average Median Price for Last 12 Months ........
$573,000
$641,615
12.0%
*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.
$728
M E D I A N
S A L E S
(in hundred thousands)
$582
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$641,615
PROPERTIES FOR SALE
130
DAYS ON MARKET**
56
shadow inventory
93
**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
September 2013 : Micro Market Report
La Crescenta DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$650,000
$550,000
-15.4%
Average Price per Square Foot ...........................
$334
$424
26.9%
Properties Sold .......................................................
13
20
53.8%
Properties Pending Sale .......................................
16
22
37.5%
Properties For Sale ................................................
24
34
41.7%
Days on Market (Pending Sale) ...........................
49
46
-6.1%
Month’s Supply of Inventory ................................
1.8
1.7
-7.9%
Percent Under Contract ........................................
66.7%
64.7%
-2.9%
Average Median Price for Last 12 Months ........
$538,846
$623,385
15.7%
*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.
M E D I A N
$550
S A L E S
$650
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$623,385
PROPERTIES FOR SALE
34
DAYS ON MARKET**
48
shadow inventory
20
**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
September 2013 : Micro Market Report
North Hollywood DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$325,000
$428,000
31.7%
Average Price per Square Foot ...........................
$225
$296
31.6%
Properties Sold .......................................................
42
35
-16.7%
Properties Pending Sale .......................................
40
25
-37.5%
Properties For Sale ................................................
52
77
48.1%
Days on Market (Pending Sale) ...........................
61
47
-23.0%
Month’s Supply of Inventory ................................
1.2
2.2
77.7%
Percent Under Contract ........................................
76.9%
32.5%
-57.8%
Average Median Price for Last 12 Months ........
$302,769
$363,692
20.1%
*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.
$428
M E D I A N
S A L E S
(in hundred thousands)
$325
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$363,692
PROPERTIES FOR SALE
77
DAYS ON MARKET**
56
shadow inventory
122
**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
September 2013 : Micro Market Report
Shadow Hills DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$600,000
$790,000
31.7%
Average Price per Square Foot ...........................
$241
$280
16.2%
Properties Sold .......................................................
1
3
200.0%
Properties Pending Sale .......................................
5
3
-40.0%
Properties For Sale ................................................
12
18
50.0%
Days on Market (Pending Sale) ...........................
53
37
-30.2%
Month’s Supply of Inventory ................................
12
6
-50.0%
Percent Under Contract ........................................
41.7%
16.7%
-60.0%
Average Median Price for Last 12 Months ........
$570,000
$632,923
11.0%
*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.
(in hundred thousands)
$790
P R I C E
yearly trend
M E D I A N
S A L E S
$600
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$632,923
PROPERTIES FOR SALE
18
DAYS ON MARKET**
99
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
September 2013 : Micro Market Report
Sherman Oaks DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$775,000
$820,000
5.8%
Average Price per Square Foot ...........................
$360
$445
23.6%
Properties Sold .......................................................
37
48
29.7%
Properties Pending Sale .......................................
53
52
-1.9%
Properties For Sale ................................................
116
135
16.4%
Days on Market (Pending Sale) ...........................
77
57
-26.0%
Month’s Supply of Inventory ................................
3.1
2.8
-10.3%
Percent Under Contract ........................................
45.7%
38.5%
-15.7%
Average Median Price for Last 12 Months ........
$674,615
$762,769
13.1%
*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.
$820
M E D I A N
S A L E S
(in hundred thousands)
$775
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$762,769
PROPERTIES FOR SALE
135
DAYS ON MARKET**
63
shadow inventory
59
**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
September 2013 : Micro Market Report
Studio City DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$800,000
$1,095,000
36.9%
Average Price per Square Foot ...........................
$377
$510
35.3%
Properties Sold .......................................................
31
33
6.5%
Properties Pending Sale .......................................
27
28
3.7%
Properties For Sale ................................................
58
90
55.2%
Days on Market (Pending Sale) ...........................
86
48
-44.2%
Month’s Supply of Inventory ................................
1.9
2.7
45.8%
Percent Under Contract ........................................
46.6%
31.1%
-33.2%
Average Median Price for Last 12 Months ........
$815,615
$927,308
13.7%
*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.
(in hundred thousands)
$1.095
P R I C E
yearly trend
M E D I A N
S A L E S
$800
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$927,308
PROPERTIES FOR SALE
90
DAYS ON MARKET**
60
shadow inventory
15
**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
September 2013 : Micro Market Report
Sun Valley DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$314,000
$327,000
4.1%
Average Price per Square Foot ...........................
$231
$294
27.3%
Properties Sold .......................................................
17
19
11.8%
Properties Pending Sale .......................................
30
16
-46.7%
Properties For Sale ................................................
26
48
84.6%
Days on Market (Pending Sale) ...........................
71
38
-46.5%
Month’s Supply of Inventory ................................
1.5
2.5
65.2%
Percent Under Contract ........................................
115.4%
33.3%
-71.1%
Average Median Price for Last 12 Months ........
$271,231
$317,462
17.0%
*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.
$327
M E D I A N
S A L E S
(in hundred thousands)
$314
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$317,462
PROPERTIES FOR SALE
48
DAYS ON MARKET**
51
shadow inventory
54
**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
September 2013 : Micro Market Report
Sunland/Tujunga DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$352,000
$385,000
9.4%
Average Price per Square Foot ...........................
$242
$274
13.2%
Properties Sold .......................................................
42
32
-23.8%
Properties Pending Sale .......................................
52
33
-36.5%
Properties For Sale ................................................
64
56
-12.5%
Days on Market (Pending Sale) ...........................
62
46
-25.8%
Month’s Supply of Inventory ................................
1.5
1.8
14.8%
Percent Under Contract ........................................
81.2%
58.9%
-27.5%
Average Median Price for Last 12 Months ........
$335,077
$373,000
11.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$385
M E D I A N
S A L E S
(in hundred thousands)
$352
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$373,000
PROPERTIES FOR SALE
56
DAYS ON MARKET**
61
shadow inventory
68
**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
September 2013 : Micro Market Report
Tarzana DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$704,000
$795,000
12.9%
Average Price per Square Foot ...........................
$274
$332
21.2%
Properties Sold .......................................................
24
29
20.8%
Properties Pending Sale .......................................
25
21
-16.0%
Properties For Sale ................................................
83
66
-20.5%
Days on Market (Pending Sale) ...........................
41
43
4.9%
Month’s Supply of Inventory ................................
3.5
2.3
-34.2%
Percent Under Contract ........................................
30.1%
31.8%
5.6%
Average Median Price for Last 12 Months ........
$610,077
$763,231
25.1%
*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.
$795
M E D I A N
S A L E S
(in hundred thousands)
$704
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$763,231
PROPERTIES FOR SALE
66
DAYS ON MARKET**
67
shadow inventory
41
**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
September 2013 : Micro Market Report
Toluca Lake DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,300,000
$850,000
-34.6%
Average Price per Square Foot ...........................
$443
$333
-24.8%
Properties Sold .......................................................
5
5
0.0%
Properties Pending Sale .......................................
7
10
42.9%
Properties For Sale ................................................
22
21
-4.5%
Days on Market (Pending Sale) ...........................
147
66
-55.1%
Month’s Supply of Inventory ................................
4.4
4.2
-4.5%
Percent Under Contract ........................................
31.8%
47.6%
49.7%
Average Median Price for Last 12 Months ........
$754,308
$1,111,000
47.3%
*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.
M E D I A N
$850
S A L E S
$1.300
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,111,000
PROPERTIES FOR SALE
21
DAYS ON MARKET**
80
shadow inventory
3
**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
September 2013 : Micro Market Report
Valley Village DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$604,000
$770,000
27.5%
Average Price per Square Foot ...........................
$282
$396
40.4%
Properties Sold .......................................................
14
11
-21.4%
Properties Pending Sale .......................................
10
13
30.0%
Properties For Sale ................................................
30
26
-13.3%
Days on Market (Pending Sale) ...........................
59
49
-16.9%
Month’s Supply of Inventory ................................
2.1
2.4
10.3%
Percent Under Contract ........................................
33.3%
50.0%
50.0%
Average Median Price for Last 12 Months ........
$555,538
$678,154
22.1%
*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.
$770
M E D I A N
S A L E S
(in hundred thousands)
$604
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$678,154
PROPERTIES FOR SALE
26
DAYS ON MARKET**
56
shadow inventory
6
**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
September 2013 : Micro Market Report
Woodland Hills DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$535,000
$650,000
21.5%
Average Price per Square Foot ...........................
$258
$315
22.1%
Properties Sold .......................................................
58
65
12.1%
Properties Pending Sale .......................................
64
57
-10.9%
Properties For Sale ................................................
135
163
20.7%
Days on Market (Pending Sale) ...........................
90
62
-31.1%
Month’s Supply of Inventory ................................
2.3
2.5
7.7%
Percent Under Contract ........................................
47.4%
35.0%
-26.2%
Average Median Price for Last 12 Months ........
$518,538
$599,462
15.6%
*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)
$535
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$599,462
PROPERTIES FOR SALE
163
DAYS ON MARKET**
64
shadow inventory
87
**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
September 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 September 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.