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TELES intelligence

micro market report san fernando valley JULY 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 : July 2012


telesintelligence.com

briel

south bay

geles

orange county Sun Valley

Valley Village

Sunland - Tujunga

Woodland Hills

Toluca Lake

July 2012 : Micro Market Report


San Fernando Macro Market DATA *

JUL 2011

JUL 2012

% CHANGE

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

$554,692

$591,000

6.5%

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

$294

$294

-0.1%

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

392

467

19.1%

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

396

533

34.6%

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

1564

886

-43.4%

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

58

71

20.9%

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

4.0

1.9

-52.4%

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

25.3%

60.2%

137.6%

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

$605,270

$547,953

-9.5%

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

$591

M E D I A N

S A L E S

(in hundred thousands)

$555

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com


Burbank DATA

JUL 2011

JUL 2012

% CHANGE

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

$481,000

$470,000

-2.3%

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

$321

$324

0.9%

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

50

65

30.0%

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

46

59

28.3%

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

174

68

-60.9%

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

56

54

-3.6%

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

3.5

1.0

-69.9%

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

26.4%

86.8%

228.2%

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

$521,462

$486,462

-6.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$481

M E D I A N

S A L E S

(in hundred thousands)

$470

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$486,462

PROPERTIES FOR SALE

68

DAYS ON MARKET**

65

SHADOW INVENTORY

292

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Encino DATA

JUL 2011

JUL 2012

% CHANGE

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

$803,000

$760,000

-5.4%

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

$326

$332

1.8%

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

22

31

40.9%

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

26

40

53.8%

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

155

90

-41.9%

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

77

62

-19.5%

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

7.0

2.9

-58.8%

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

16.8%

44.4%

165.0%

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

$752,308

$801,538

6.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$760

(in hundred thousands)

$803

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$801,538

PROPERTIES FOR SALE

90

DAYS ON MARKET**

76

SHADOW INVENTORY

173

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Glendale DATA

JUL 2011

JUL 2012

% CHANGE

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

$568,000

$555,000

-2.3%

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

$339

$318

-6.2%

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

54

68

25.9%

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

59

73

23.7%

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

227

136

-40.1%

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

61

79

29.5%

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

4.2

2.0

-52.4%

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

26.0%

53.7%

106.5%

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

$622,077

$571,923

-8.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$555

(in hundred thousands)

$568

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

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telesintelligence.com

the numbers MEDIAN SALES PRICE**

$571,923

PROPERTIES FOR SALE

136

DAYS ON MARKET**

74

SHADOW INVENTORY

332

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


La Crescenta DATA

JUL 2011

JUL 2012

% CHANGE

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

$615,000

$547,000

-11.1%

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

$334

$330

-1.2%

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

17

17

0.0%

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

24

14

-41.7%

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

61

31

-49.2%

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

77

62

-19.5%

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

3.6

1.8

-49.2%

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

39.3%

45.2%

14.8%

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

$582,846

$543,154

-6.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$615

M E D I A N

S A L E S

(in hundred thousands)

$547

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$543,154

PROPERTIES FOR SALE

31

DAYS ON MARKET**

82

SHADOW INVENTORY

87

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


North Hollywood DATA

JUL 2011

JUL 2012

% CHANGE

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

$305,000

$302,000

-1.0%

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

$221

$219

-0.9%

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

37

52

40.5%

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

50

58

16.0%

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

146

64

-56.2%

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

48

74

54.2%

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

3.9

1.2

-68.8%

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

34.2%

90.6%

164.6%

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

$319,462

$300,462

-5.9%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$305

M E D I A N

S A L E S

(in hundred thousands)

$302

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$300,462

PROPERTIES FOR SALE

64

DAYS ON MARKET**

75

SHADOW INVENTORY

394

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Shadow Hil s DATA

JUL 2011

JUL 2012

% CHANGE

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

$524,000

$760,000

45.0%

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

$287

$181

-36.9%

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

2

1

-50.0%

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

2

1

-50.0%

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

20

11

-45.0%

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

58

67

15.5%

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

10.0

11.0

10.0%

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

10.0%

9.1%

-9.1%

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

$1,021,091

$579,333

-43.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

S A L E S

(in hundred thousands)

$760

P R I C E

yearly trend

M E D I A N

$524

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$579,333

PROPERTIES FOR SALE

11

DAYS ON MARKET**

89

SHADOW INVENTORY

1

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Sherman Oaks DATA

JUL 2011

JUL 2012

% CHANGE

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

$690,000

$697,000

1.0%

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

$325

$353

8.6%

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

47

62

31.9%

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

43

59

37.2%

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

168

107

-36.3%

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

50

68

36.0%

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

3.6

1.7

-51.7%

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

25.6%

55.1%

115.4%

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

$698,692

$667,692

-4.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$697

M E D I A N

S A L E S

(in hundred thousands)

$690

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$667,692

PROPERTIES FOR SALE

107

DAYS ON MARKET**

72

SHADOW INVENTORY

128

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Studio City DATA

JUL 2011

JUL 2012

% CHANGE

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

$900,000

$890,000

-1.1%

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

$386

$408

5.7%

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

21

27

28.6%

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

19

35

84.2%

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

124

66

-46.8%

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

61

94

54.1%

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

5.9

2.4

-58.6%

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

15.3%

53.0%

246.1%

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

$817,923

$824,385

0.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$900

M E D I A N

S A L E S

(in hundred thousands)

$890

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$824,385

PROPERTIES FOR SALE

66

DAYS ON MARKET**

72

SHADOW INVENTORY

61

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Sun Valley DATA

JUL 2011

JUL 2012

% CHANGE

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

$258,000

$265,000

2.7%

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

$214

$204

-4.7%

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

32

17

-46.9%

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

24

30

25.0%

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

72

38

-47.2%

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

59

75

27.1%

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

2.3

2.2

-0.7%

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

33.3%

78.9%

136.8%

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

$272,923

$258,692

-5.2%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$265

M E D I A N

S A L E S

(in hundred thousands)

$258

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$258,692

PROPERTIES FOR SALE

38

DAYS ON MARKET**

73

SHADOW INVENTORY

152

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Sunland - Tujunga DATA

JUL 2011

JUL 2012

% CHANGE

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

$318,000

$362,000

13.8%

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

$210

$222

5.7%

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

34

39

14.7%

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

47

59

25.5%

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

136

87

-36.0%

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

79

72

-8.9%

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

4.0

2.2

-44.2%

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

34.6%

67.8%

96.2%

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

$351,769

$331,308

-5.8%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$362

M E D I A N

S A L E S

(in hundred thousands)

$318

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$331,308

PROPERTIES FOR SALE

87

DAYS ON MARKET**

78

SHADOW INVENTORY

268

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Toluca Lake DATA

JUL 2011

JUL 2012

% CHANGE

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

$744,000

$880,000

18.3%

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

$305

$361

18.4%

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

8

9

12.5%

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

5

11

120.0%

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

32

22

-31.3%

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

24

94

291.7%

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

4.0

2.4

-38.9%

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

15.6%

50.0%

220.0%

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

$816,077

$709,417

-13.1%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$880

M E D I A N

S A L E S

(in hundred thousands)

$744

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$709,417

PROPERTIES FOR SALE

22

DAYS ON MARKET**

84

SHADOW INVENTORY

9

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Valley Vil age DATA

JUL 2011

JUL 2012

% CHANGE

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

$525,000

$668,000

27.2%

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

$309

$329

6.5%

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

9

12

33.3%

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

6

17

183.3%

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

34

36

5.9%

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

36

56

55.6%

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

3.8

3.0

-20.6%

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

17.6%

47.2%

167.6%

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

$598,385

$553,846

-7.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$668

M E D I A N

S A L E S

(in hundred thousands)

$525

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$553,846

PROPERTIES FOR SALE

36

DAYS ON MARKET**

59

SHADOW INVENTORY

11

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


Woodland Hil s DATA

JUL 2011

JUL 2012

% CHANGE

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

$480,000

$527,000

9.8%

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

$251

$244

-2.8%

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

59

67

13.6%

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

45

77

71.1%

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

215

130

-39.5%

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

74

62

-16.2%

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

3.6

1.9

-46.8%

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

20.9%

59.2%

183.0%

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

$493,500

$515,000

4.4%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$527

M E D I A N

S A L E S

(in hundred thousands)

$480

P R I C E

yearly trend

JUL

AUG

SEP

OCT

Micro Market Report : July 2012

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL


telesintelligence.com

the numbers MEDIAN SALES PRICE**

$515,000

PROPERTIES FOR SALE

130

DAYS ON MARKET**

74

SHADOW INVENTORY

342

**12 month average

ACTIVE LISTINGS

SHADOW INVENTORY

TELES intelligence where data meets reason

July 2012 : Micro Market Report


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References

CONTACTS:

Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@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 JULY 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.

San Fernando Valley Micro Market Report : July 2012  

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