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micro market report san fernando valley June 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 : June 2013


telesintelligence.com

briel

south bay

geles

orange county Sun Valley

Valley Village

Sunland - Tujunga

Woodland Hills

Toluca Lake

June 2013 : Micro Market Report


San Fernando Valley Macro Market DATA*

Jun 2012

Jun 2013

% CHANGE

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

$571,357

$674,786

18.1%

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

$309

$360

16.8%

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

518.0

434.0

-16.2%

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

505.0

501.0

-0.8%

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

1,012

793

-21.6%

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

60

50

-16.4%

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

2

1.8

-6.5%

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

49.9%

63.2%

26.6%

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

$551,019

$627,473

13.9%

*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 : June 2013

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May


Burbank DATA*

Jun 2012

Jun 2013

% CHANGE

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

$544,000

$599,000

10.1%

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

$326

$377

15.6%

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

68.0

68.0

0.0%

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

61.0

63.0

3.3%

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

73

57

-21.9%

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

63

37

-41.3%

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

1.1

0.8

-21.9%

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

83.6%

110.5%

32.3%

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

$489,231

$536,308

9.6%

*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.

$599

M E D I A N

S A L E S

(in hundred thousands)

$544

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$536,308

PROPERTIES FOR SALE

57

DAYS ON MARKET**

58

shadow inventory

81

**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

June 2013 : Micro Market Report


Encino DATA*

Jun 2012

Jun 2013

% CHANGE

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

$770,000

$795,000

3.2%

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

$328

$401

22.3%

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

41.0

43.0

4.9%

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

28.0

52.0

85.7%

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

95

93

-2.1%

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

51

43

-15.7%

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

2.3

2.2

-6.7%

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

29.5%

55.9%

89.7%

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

$805,846

$777,769

-3.5%

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

M E D I A N

S A L E S

(in hundred thousands)

$795

$770

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$777,769

PROPERTIES FOR SALE

93

DAYS ON MARKET**

67

shadow inventory

61

**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

June 2013 : Micro Market Report


Glendale DATA*

Jun 2012

Jun 2013

% CHANGE

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

$645,000

$655,000

1.6%

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

$325

$377

16.0%

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

59.0

57.0

-3.4%

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

69.0

55.0

-20.3%

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

138

121

-12.3%

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

64

39

-39.1%

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

2.3

2.1

-9.2%

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

50.0%

45.5%

-9.1%

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

$576,308

$614,615

6.6%

*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.

$655

M E D I A N

S A L E S

(in hundred thousands)

$645

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$614,615

PROPERTIES FOR SALE

121

DAYS ON MARKET**

61

shadow inventory

118

**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

June 2013 : Micro Market Report


La Crescenta DATA*

Jun 2012

Jun 2013

% CHANGE

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

$517,000

$687,000

32.9%

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

$381

$425

11.5%

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

15.0

21.0

40.0%

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

18.0

17.0

-5.6%

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

29

25

-13.8%

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

41

58

41.5%

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

1.9

1.2

-38.4%

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

62.1%

68.0%

9.6%

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

$550,846

$594,077

7.8%

*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)

$687

P R I C E

yearly trend

M E D I A N

S A L E S

$517

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$594,077

PROPERTIES FOR SALE

25

DAYS ON MARKET**

57

shadow inventory

31

**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

June 2013 : Micro Market Report


North Hollywood DATA*

Jun 2012

Jun 2013

% CHANGE

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

$300,000

$425,000

41.7%

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

$217

$293

35.0%

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

55.0

31.0

-43.6%

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

60.0

55.0

-8.3%

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

65

43

-33.8%

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

70

44

-37.1%

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

1.2

1.4

17.4%

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

92.3%

127.9%

38.6%

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

$299,769

$341,385

13.9%

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

(in hundred thousands)

$425

P R I C E

yearly trend

M E D I A N

S A L E S

$300

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$341,385

PROPERTIES FOR SALE

43

DAYS ON MARKET**

63

shadow inventory

132

**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

June 2013 : Micro Market Report


Shadow Hills DATA*

Jun 2012

Jun 2013

% CHANGE

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

$687,000

$575,000

-16.3%

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

$253

$251

-0.8%

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

2.0

4.0

100.0%

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

3.0

7.0

133.3%

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

17

20

17.6%

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

19

55

189.5%

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

8.5

5

-41.2%

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

17.6%

35.0%

98.3%

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

$551,417

$612,077

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.

M E D I A N

$575

S A L E S

$687

(in hundred thousands)

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$612,077

PROPERTIES FOR SALE

20

DAYS ON MARKET**

97

shadow inventory

0

**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

June 2013 : Micro Market Report


Sherman Oaks DATA*

Jun 2012

Jun 2013

% CHANGE

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

$704,000

$774,000

9.9%

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

$353

$429

21.5%

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

68.0

62.0

-8.8%

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

57.0

71.0

24.6%

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

117

118

0.9%

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

72

60

-16.7%

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

1.7

1.9

10.6%

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

48.7%

60.2%

23.5%

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

$663,538

$734,769

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.

$774

M E D I A N

S A L E S

(in hundred thousands)

$704

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$734,769

PROPERTIES FOR SALE

118

DAYS ON MARKET**

67

shadow inventory

64

**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

June 2013 : Micro Market Report


Studio City DATA*

Jun 2012

Jun 2013

% CHANGE

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

$850,000

$950,000

11.8%

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

$432

$468

8.3%

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

32.0

29.0

-9.4%

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

26.0

42.0

61.5%

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

70

80

14.3%

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

79

39

-50.6%

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

2.2

2.8

26.1%

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

37.1%

52.5%

41.3%

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

$818,923

$875,385

6.9%

*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.

$950

M E D I A N

S A L E S

(in hundred thousands)

$850

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$875,385

PROPERTIES FOR SALE

80

DAYS ON MARKET**

65

shadow inventory

28

**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

June 2013 : Micro Market Report


Sun Valley DATA*

Jun 2012

Jun 2013

% CHANGE

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

$258,000

$365,000

41.5%

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

$216

$235

8.8%

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

21.0

16.0

-23.8%

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

19.0

20.0

5.3%

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

33

25

-24.2%

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

42

48

14.3%

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

1.6

1.6

-0.6%

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

57.6%

80.0%

38.9%

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

$268,231

$300,308

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.

(in hundred thousands)

$365

P R I C E

yearly trend

M E D I A N

S A L E S

$258

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$300,308

PROPERTIES FOR SALE

25

DAYS ON MARKET**

55

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

June 2013 : Micro Market Report


Sunland/Tujunga DATA*

Jun 2012

Jun 2013

% CHANGE

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

$370,000

$375,000

1.4%

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

$219

$292

33.3%

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

37.0

33.0

-10.8%

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

42.0

39.0

-7.1%

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

87

61

-29.9%

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

64

68

6.2%

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

2.4

1.8

-21.4%

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

48.3%

63.9%

32.4%

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

$327,462

$361,538

10.4%

*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.

$375

M E D I A N

S A L E S

(in hundred thousands)

$370

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$361,538

PROPERTIES FOR SALE

61

DAYS ON MARKET**

66

shadow inventory

83

**12 month average

active listings

s h a do w i n v e n t o r y

Teles intelligence where data meets reason

June 2013 : Micro Market Report


Tarzana DATA*

Jun 2012

Jun 2013

% CHANGE

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

$512,000

$823,000

60.7%

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

$272

$316

16.2%

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

34.0

39.0

14.7%

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

29.0

30.0

3.4%

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

86

60

-30.2%

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

85

61

-28.2%

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

2.5

1.5

-39.2%

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

33.7%

50.0%

48.3%

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

$608,462

$727,769

19.6%

*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.

S A L E S

(in hundred thousands)

$823

P R I C E

yearly trend

M E D I A N

$512

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$727,769

PROPERTIES FOR SALE

60

DAYS ON MARKET**

76

shadow inventory

50

**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

June 2013 : Micro Market Report


Toluca Lake DATA*

Jun 2012

Jun 2013

% CHANGE

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

$680,000

$1,020,000

50.0%

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

$431

$452

4.9%

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

7.0

5.0

-28.6%

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

9.0

8.0

-11.1%

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

27

18

-33.3%

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

50

44

-12.0%

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

3.9

3.6

-6.7%

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

33.3%

44.4%

33.3%

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

$708,000

$1,078,462

52.3%

*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

$680

S A L E S

$1.020

(in hundred thousands)

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$1,078,462

PROPERTIES FOR SALE

18

DAYS ON MARKET**

87

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

June 2013 : Micro Market Report


Valley Village DATA*

Jun 2012

Jun 2013

% CHANGE

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

$630,000

$735,000

16.7%

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

$315

$364

15.6%

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

15.0

13.0

-13.3%

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

13.0

21.0

61.5%

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

32

36

12.5%

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

72

53

-26.4%

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

2.1

2.8

29.8%

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

40.6%

58.3%

43.6%

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

$530,615

$659,077

24.2%

*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.

$735

M E D I A N

S A L E S

(in hundred thousands)

$630

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$659,077

PROPERTIES FOR SALE

36

DAYS ON MARKET**

64

shadow inventory

9

**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

June 2013 : Micro Market Report


Woodland Hills DATA*

Jun 2012

Jun 2013

% CHANGE

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

$532,000

$669,000

25.8%

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

$252

$364

44.4%

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

64.0

13.0

-79.7%

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

71.0

21.0

-70.4%

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

143

36

-74.8%

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

68

53

-22.1%

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

2.2

2.8

23.9%

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

49.7%

58.3%

17.5%

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

$515,615

$571,077

10.8%

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

$669

M E D I A N

S A L E S

(in hundred thousands)

$532

P R I C E

yearly trend

Jun

Jul

Aug

Sep

Micro Market Report : June 2013

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun


telesintelligence.com

the numbers median sales price**

$571,077

PROPERTIES FOR SALE

36

DAYS ON MARKET**

67

shadow inventory

106

**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

June 2013 : 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 June 2013 | 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: June 2013