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Teles intelligence

micro market report san fernando valley DECEMBER 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 : December 2012


telesintelligence.com

briel

south bay

geles

orange county Sun Valley

Valley Village

Sunland - Tujunga

Woodland Hills

Toluca Lake

December 2012 : Micro Market Report


San Fernando Macro Market DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$551,538

$603,154

9.4%

Average Price per Square Foot ...........................

$298

$318

6.6%

Properties Sold .......................................................

383

426

11.2%

Properties Pending Sale .......................................

351

392

11.7%

Properties For Sale ................................................

1133

578

-49.0%

Days on Market (Pending Sale) ...........................

78

88

12.9%

Month’s Supply of Inventory ................................

3.0

1.4

-54.1%

Percent Under Contract ........................................

31.0%

67.8%

118.9%

Average Median Price for Last 12 Months ........

$550,154

$567,557

3.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

(in hundred thousands)

$603

$552

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com


Burbank DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$490,000

$535,000

9.2%

Average Price per Square Foot ...........................

$323

$337

4.3%

Properties Sold .......................................................

38

59

55.3%

Properties Pending Sale .......................................

42

37

-11.9%

Properties For Sale ................................................

99

54

-45.5%

Days on Market (Pending Sale) ...........................

67

56

-16.4%

Month’s Supply of Inventory ................................

2.6

0.9

-64.9%

Percent Under Contract ........................................

42.4%

68.5%

61.5%

Average Median Price for Last 12 Months ........

$492,538

$499,846

1.5%

*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.

$535

M E D I A N

S A L E S

(in hundred thousands)

$490

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$499,846 PROPERTIES FOR SALE

54 DAYS ON MARKET**

68 shadow inventory

185 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Encino DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$800,000

$850,000

6.3%

Average Price per Square Foot ...........................

$337

$362

7.4%

Properties Sold .......................................................

21

37

76.2%

Properties Pending Sale .......................................

22

36

63.6%

Properties For Sale ................................................

107

60

-43.9%

Days on Market (Pending Sale) ...........................

94

67

-28.7%

Month’s Supply of Inventory ................................

5.1

1.6

-68.2%

Percent Under Contract ........................................

20.6%

60.0%

191.8%

Average Median Price for Last 12 Months ........

$785,846

$762,000

-3.0%

*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.

$850

M E D I A N

S A L E S

(in hundred thousands)

$800

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$762,000 PROPERTIES FOR SALE

60 DAYS ON MARKET**

74 shadow inventory

117 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Glendale DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$535,000

$580,000

8.4%

Average Price per Square Foot ...........................

$316

$344

8.9%

Properties Sold .......................................................

58

65

12.1%

Properties Pending Sale .......................................

56

61

8.9%

Properties For Sale ................................................

139

78

-43.9%

Days on Market (Pending Sale) ...........................

70

79

12.9%

Month’s Supply of Inventory ................................

2.4

1.2

-49.9%

Percent Under Contract ........................................

40.3%

78.2%

94.1%

Average Median Price for Last 12 Months ........

$572,462

$577,000

0.8%

*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

$535

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$577,000 PROPERTIES FOR SALE

78 DAYS ON MARKET**

70 shadow inventory

238 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


La Crescenta DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$610,000

$595,000

-2.5%

Average Price per Square Foot ...........................

$312

$324

3.8%

Properties Sold .......................................................

14

16

14.3%

Properties Pending Sale .......................................

15

12

-20.0%

Properties For Sale ................................................

42

10

-76.2%

Days on Market (Pending Sale) ...........................

90

62

-31.1%

Month’s Supply of Inventory ................................

3.0

0.6

-79.2%

Percent Under Contract ........................................

35.7%

120.0%

236.0%

Average Median Price for Last 12 Months ........

$566,308

$559,769

-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.

$610

M E D I A N

S A L E S

(in hundred thousands)

$595

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$559,769 PROPERTIES FOR SALE

10 DAYS ON MARKET**

72 shadow inventory

54 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


North Hollywood DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$315,000

$310,000

-1.6%

Average Price per Square Foot ...........................

$228

$248

8.8%

Properties Sold .......................................................

51

40

-21.6%

Properties Pending Sale .......................................

54

40

-25.9%

Properties For Sale ................................................

108

46

-57.4%

Days on Market (Pending Sale) ...........................

77

56

-27.3%

Month’s Supply of Inventory ................................

2.1

1.2

-45.7%

Percent Under Contract ........................................

50.0%

87.0%

73.9%

Average Median Price for Last 12 Months ........

$308,000

$303,846

-1.3%

*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.

$315

M E D I A N

S A L E S

(in hundred thousands)

$310

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$303,846 PROPERTIES FOR SALE

46 DAYS ON MARKET**

71 shadow inventory

255 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Shadow Hills DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$731,000

$655,000

-10.4%

Average Price per Square Foot ...........................

$227

$226

-0.4%

Properties Sold .......................................................

2

2

0.0%

Properties Pending Sale .......................................

2

5

150.0%

Properties For Sale ................................................

14

9

-35.7%

Days on Market (Pending Sale) ...........................

67

260

288.1%

Month’s Supply of Inventory ................................

7.0

4.5

-35.7%

Percent Under Contract ........................................

14.3%

55.6%

288.9%

Average Median Price for Last 12 Months ........

$574,231

$598,167

4.2%

*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.

$731

M E D I A N

S A L E S

(in hundred thousands)

$655

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$598,167 PROPERTIES FOR SALE

9 DAYS ON MARKET**

100 shadow inventory

1 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Sherman Oaks DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$685,000

$720,000

5.1%

Average Price per Square Foot ...........................

$343

$378

10.2%

Properties Sold .......................................................

33

49

48.5%

Properties Pending Sale .......................................

42

40

-4.8%

Properties For Sale ................................................

136

70

-48.5%

Days on Market (Pending Sale) ...........................

97

72

-25.8%

Month’s Supply of Inventory ................................

4.1

1.4

-65.3%

Percent Under Contract ........................................

30.9%

57.1%

85.0%

Average Median Price for Last 12 Months ........

$654,462

$686,462

4.9%

*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.

$720

M E D I A N

S A L E S

(in hundred thousands)

$685

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$688,462 PROPERTIES FOR SALE

70 DAYS ON MARKET**

78 shadow inventory

73 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Studio City DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$766,000

$932,000

21.7%

Average Price per Square Foot ...........................

$389

$450

15.7%

Properties Sold .......................................................

26

28

7.7%

Properties Pending Sale .......................................

7

25

257.1%

Properties For Sale ................................................

88

54

-38.6%

Days on Market (Pending Sale) ...........................

60

57

-5.0%

Month’s Supply of Inventory ................................

3.4

1.9

-43.0%

Percent Under Contract ........................................

8.0%

46.3%

482.0%

Average Median Price for Last 12 Months ........

$787,769

$847,385

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.

$932

M E D I A N

S A L E S

(in hundred thousands)

$766

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$847,385 PROPERTIES FOR SALE

54 DAYS ON MARKET**

71 shadow inventory

46 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Sun Valley DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$236,000

$282,000

19.5%

Average Price per Square Foot ...........................

$195

$225

15.4%

Properties Sold .......................................................

28

22

-21.4%

Properties Pending Sale .......................................

26

22

-15.4%

Properties For Sale ................................................

63

21

-66.7%

Days on Market (Pending Sale) ...........................

74

71

-4.1%

Month’s Supply of Inventory ................................

2.3

1.0

-57.6%

Percent Under Contract ........................................

41.3%

104.8%

153.8%

Average Median Price for Last 12 Months ........

$269,692

$272,615

1.1%

*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.

$282

M E D I A N

S A L E S

(in hundred thousands)

$236

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$272,615 PROPERTIES FOR SALE

21 DAYS ON MARKET**

70 shadow inventory

98 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Sunland - Tujunga DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$302,000

$367,000

21.5%

Average Price per Square Foot ...........................

$213

$239

12.2%

Properties Sold .......................................................

34

25

-26.5%

Properties Pending Sale .......................................

21

35

66.7%

Properties For Sale ................................................

100

55

-45.0%

Days on Market (Pending Sale) ...........................

100

74

-26.0%

Month’s Supply of Inventory ................................

2.9

2.2

-25.2%

Percent Under Contract ........................................

21.0%

63.6%

203.0%

Average Median Price for Last 12 Months ........

$324,077

$344,923

6.4%

*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.

$367

M E D I A N

S A L E S

(in hundred thousands)

$302

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$344,923 PROPERTIES FOR SALE

55 DAYS ON MARKET**

73 shadow inventory

168 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Toluca Lake DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$660,000

$865,000

31.1%

Average Price per Square Foot ...........................

$452

$366

-19.0%

Properties Sold .......................................................

4

8

100.0%

Properties Pending Sale .......................................

0

8

N/A

Properties For Sale ................................................

22

15

-31.8%

Days on Market (Pending Sale) ...........................

86

149

73.3%

Month’s Supply of Inventory ................................

5.5

1.9

-65.9%

Percent Under Contract ........................................

0.0%

53.3%

N/A

Average Median Price for Last 12 Months ........

$750,538

$831,083

10.7%

*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

$660

S A L E S

$865

(in hundred thousands)

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$831,083 PROPERTIES FOR SALE

15 DAYS ON MARKET**

101 shadow inventory

6 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Valley Village DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$560,000

$600,000

7.1%

Average Price per Square Foot ...........................

$305

$364

19.3%

Properties Sold .......................................................

17

14

-17.6%

Properties Pending Sale .......................................

15

11

-26.7%

Properties For Sale ................................................

34

18

-47.1%

Days on Market (Pending Sale) ...........................

59

63

6.8%

Month’s Supply of Inventory ................................

2.0

1.3

-35.7%

Percent Under Contract ........................................

44.1%

61.1%

38.5%

Average Median Price for Last 12 Months ........

$549,846

$599,077

9.0%

*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.

M E D I A N

S A L E S

(in hundred thousands)

$600

$560

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$599,077 PROPERTIES FOR SALE

18 DAYS ON MARKET**

63 shadow inventory

9 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 2012 : Micro Market Report


Woodland Hills DATA*

DEC 2011

DEC 2012

% CHANGE

Median Price ..........................................................

$480,000

$550,000

14.6%

Average Price per Square Foot ...........................

$235

$267

13.6%

Properties Sold .......................................................

57

61

7.0%

Properties Pending Sale .......................................

49

60

22.4%

Properties For Sale ................................................

181

88

-51.4%

Days on Market (Pending Sale) ...........................

71

77

8.5%

Month’s Supply of Inventory ................................

3.2

1.4

-54.6%

Percent Under Contract ........................................

27.1%

68.2%

151.9%

Average Median Price for Last 12 Months ........

$516,231

$526,538

2.0%

*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.

$550

M E D I A N

S A L E S

(in hundred thousands)

$480

P R I C E

yearly trend

DEC

JAN

FEB

MAR

Micro Market Report : December 2012

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC


telesintelligence.com

the numbers median sales price**

$526,538 PROPERTIES FOR SALE

88 DAYS ON MARKET**

76 shadow inventory

224 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

December 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 DECEMBER 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.

San Fernando Valley Micro Market Report: December 2012  

The report is in response to our observation that the media’s focus, headlines, and articles revolve around housing data at a macro level an...