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Teles intelligence

micro market report san fernando valley MAY 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 : May 2012


telesintelligence.com

briel

south bay

geles

orange county Sun Valley

Valley Village

Sunland - Tujunga

Woodland Hills

Toluca Lake

May 2012 : Micro Market Report


San Fernando Macro Market DATA *

MAY 2011

MAY 2012

% CHANGE

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

$550,000

$582,538

5.9%

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

$282

$362

28.3%

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

400

432

8.0%

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

441

595

34.9%

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

1878

914

-51.3%

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

79

75

-5.5%

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

4.7

2.1

-54.9%

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

23.5%

65.1%

177.2%

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

$606,475

$541,850

-10.7%

*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.

$550

M E D I A N

S A L E S

(in hundred thousands)

$582

P R I C E

yearly trend

MAY

JUN

JUL

AUG

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telesintelligence.com


Burbank DATA

MAY 2011

MAY 2012

% CHANGE

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

$505,000

$478,000

-5.3%

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

$301

$331

10.0%

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

39

57

46.2%

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

56

75

33.9%

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

188

78

-58.5%

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

93

74

-20.4%

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

4.8

1.4

-71.6%

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

29.8%

96.2%

222.8%

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

$523,308

$484,538

-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.

$505

M E D I A N

S A L E S

(in hundred thousands)

$478

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

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telesintelligence.com

the numbers median sales price**

$484,538

PROPERTIES FOR SALE

78

DAYS ON MARKET**

66

SHADOW INVENTORY

298

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Encino DATA

MAY 2011

MAY 2012

% CHANGE

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

$684,000

$952,000

39.2%

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

$327

$1,022

212.5%

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

28

38

35.7%

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

40

48

20.0%

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

183

78

-57.4%

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

81

70

-13.6%

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

6.5

2.1

-68.6%

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

21.9%

61.5%

181.5%

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

$743,154

$798,923

7.5%

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

(in hundred thousands)

$952

P R I C E

yearly trend

M E D I A N

S A L E S

$684

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

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telesintelligence.com

the numbers median sales price**

$798,923

PROPERTIES FOR SALE

78

DAYS ON MARKET**

80

SHADOW INVENTORY

176

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Glendale DATA

MAY 2011

MAY 2012

% CHANGE

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

$460,000

$557,000

21.1%

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

$266

$340

27.8%

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

83

59

-28.9%

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

61

83

36.1%

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

246

131

-46.7%

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

91

64

-29.7%

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

3.0

2.2

-25.1%

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

24.8%

63.4%

155.5%

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

$613,769

$562,077

-8.4%

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

(in hundred thousands)

$557

P R I C E

yearly trend

M E D I A N

S A L E S

$460

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

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telesintelligence.com

the numbers median sales price**

$562,077

PROPERTIES FOR SALE

131

DAYS ON MARKET**

77

SHADOW INVENTORY

338

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


La Crescenta DATA

MAY 2011

MAY 2012

% CHANGE

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

$670,000

$562,000

-16.1%

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

$307

$329

7.2%

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

12

22

83.3%

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

11

18

63.6%

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

84

29

-65.5%

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

132

75

-43.2%

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

7.0

1.3

-81.2%

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

13.1%

62.1%

374.0%

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

$587,077

$556,154

-5.3%

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

$670

M E D I A N

S A L E S

(in hundred thousands)

$562

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

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DEC

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FEB

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APR

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telesintelligence.com

the numbers median sales price**

$556,154

PROPERTIES FOR SALE

29

DAYS ON MARKET**

93

SHADOW INVENTORY

98

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


North Hollywood DATA

MAY 2011

MAY 2012

% CHANGE

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

$312,000

$270,000

-13.5%

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

$238

$219

-8.0%

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

54

28

-48.1%

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

46

65

41.3%

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

202

75

-62.9%

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

75

72

-4.0%

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

3.7

2.7

-28.4%

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

22.8%

86.7%

280.6%

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

$320,000

$300,231

-6.2%

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

$312

M E D I A N

S A L E S

(in hundred thousands)

$270

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

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telesintelligence.com

the numbers median sales price**

$300,231

PROPERTIES FOR SALE

75

DAYS ON MARKET**

75

SHADOW INVENTORY

401

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Shadow Hil s DATA

MAY 2011

MAY 2012

% CHANGE

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

$830,000

$762,000

-8.2%

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

$198

$310

56.6%

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

1

4

300.0%

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

4

5

25.0%

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

20

12

-40.0%

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

32

72

125.0%

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

20.0

3.0

-85.0%

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

20.0%

41.7%

108.3%

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

$1,048,909

$563,333

-46.3%

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

$830

M E D I A N

S A L E S

(in hundred thousands)

$762

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

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DEC

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FEB

MAR

APR

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telesintelligence.com

the numbers median sales price**

$563,333

PROPERTIES FOR SALE

12

DAYS ON MARKET**

87

SHADOW INVENTORY

2

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Sherman Oaks DATA

MAY 2011

MAY 2012

% CHANGE

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

$649,000

$695,000

7.1%

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

$324

$344

6.2%

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

42

40

-4.8%

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

55

61

10.9%

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

206

137

-33.5%

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

53

71

34.0%

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

4.9

3.4

-30.2%

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

26.7%

44.5%

66.8%

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

$695,538

$660,692

-5.0%

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

$695

M E D I A N

S A L E S

(in hundred thousands)

$649

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY


telesintelligence.com

the numbers median sales price**

$660,692

PROPERTIES FOR SALE

137

DAYS ON MARKET**

70

SHADOW INVENTORY

129

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Studio City DATA

MAY 2011

MAY 2012

% CHANGE

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

$745,000

$908,000

21.9%

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

$384

$404

5.2%

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

29

23

-20.7%

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

33

34

3.0%

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

115

68

-40.9%

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

66

52

-21.2%

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

4.0

3.0

-25.4%

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

28.7%

50.0%

74.2%

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

$806,000

$810,077

0.5%

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

$908

M E D I A N

S A L E S

(in hundred thousands)

$745

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

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telesintelligence.com

the numbers median sales price**

$810,077

PROPERTIES FOR SALE

68

DAYS ON MARKET**

69

SHADOW INVENTORY

64

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Sun Valley DATA

MAY 2011

MAY 2012

% CHANGE

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

$260,000

$268,000

3.1%

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

$184

$196

6.5%

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

17

28

64.7%

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

21

33

57.1%

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

116

30

-74.1%

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

78

91

16.7%

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

6.8

1.1

-84.3%

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

18.1%

110.0%

507.6%

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

$273,077

$260,923

-4.5%

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

$268

M E D I A N

S A L E S

(in hundred thousands)

$260

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

OCT

NOV

DEC

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FEB

MAR

APR

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telesintelligence.com

the numbers median sales price**

$260,923

PROPERTIES FOR SALE

30

DAYS ON MARKET**

77

SHADOW INVENTORY

181

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Sunland - Tujunga DATA

MAY 2011

MAY 2012

% CHANGE

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

$285,000

$330,000

15.8%

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

$216

$223

3.2%

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

33

35

6.1%

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

39

56

43.6%

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

194

75

-61.3%

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

100

78

-22.0%

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

5.9

2.1

-63.5%

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

20.1%

74.7%

271.4%

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

$349,231

$314,769

-9.9%

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

(in hundred thousands)

$330

P R I C E

yearly trend

M E D I A N

S A L E S

$385

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY


telesintelligence.com

the numbers median sales price**

$314,769

PROPERTIES FOR SALE

75

DAYS ON MARKET**

81

SHADOW INVENTORY

265

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Toluca Lake DATA

MAY 2011

MAY 2012

% CHANGE

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

$754,000

$711,000

-5.7%

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

$363

$420

15.7%

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

4

7

75.0%

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

9

14

55.6%

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

39

25

-35.9%

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

156

108

-30.8%

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

9.8

3.6

-63.4%

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

23.1%

56.0%

142.7%

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

$816,846

$708,917

-13.2%

*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

$711

S A L E S

$754

(in hundred thousands)

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

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DEC

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FEB

MAR

APR

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telesintelligence.com

the numbers median sales price**

$708,917

PROPERTIES FOR SALE

25

DAYS ON MARKET**

89

SHADOW INVENTORY

9

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Valley Vil age DATA

MAY 2011

MAY 2012

% CHANGE

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

$478,000

$600,000

25.5%

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

$303

$317

4.6%

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

6

26

333.3%

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

10

20

100.0%

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

43

35

-18.6%

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

24

70

191.7%

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

7.2

1.3

-81.2%

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

23.3%

57.1%

145.7%

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

$594,769

$529,615

-11.0%

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

$600

M E D I A N

S A L E S

(in hundred thousands)

$478

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY


telesintelligence.com

the numbers median sales price**

$529,615

PROPERTIES FOR SALE

35

DAYS ON MARKET**

55

SHADOW INVENTORY

18

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


Woodland Hil s DATA

MAY 2011

MAY 2012

% CHANGE

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

$518,000

$480,000

-7.3%

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

$254

$249

-2.0%

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

52

65

25.0%

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

56

83

48.2%

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

242

141

-41.7%

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

50

77

54.0%

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

4.7

2.2

-53.4%

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

23.1%

58.9%

154.4%

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

$512,500

$512,769

0.1%

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

$518

M E D I A N

S A L E S

(in hundred thousands)

$480

P R I C E

yearly trend

MAY

JUN

JUL

AUG

Micro Market Report : May 2012

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY


telesintelligence.com

the numbers median sales price**

$512,769

PROPERTIES FOR SALE

141

DAYS ON MARKET**

72

SHADOW INVENTORY

333

**12 month average

acti v e listin g s

s h ad o w in v ent o r y

Teles intelligence where data meets reason

May 2012 : Micro Market Report


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References

CONTACTS:

Laron Turley Director of Research, Teles Intelligence laron.turley@telesproperties.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 MAY 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 : May 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...

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