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micro market report san fernando valley NOVEMBER 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 : November 2012


telesintelligence.com

briel

south bay

geles

orange county Sun Valley

Valley Village

Sunland - Tujunga

Woodland Hills

Toluca Lake

November 2012 : Micro Market Report


San Fernando Macro Market DATA*

NOV 2011

NOV 2012

% CHANGE

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

$537,000

$595,308

10.9%

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

$295

$317

7.3%

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

387

386

-0.3%

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

371

431

16.2%

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

1288

720

-44.1%

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

85

75

-12.3%

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

3.3

1.9

-44.0%

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

28.8%

59.9%

107.8%

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

$553,463

$561,968

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.

M E D I A N

S A L E S

(in hundred thousands)

$595

$537

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

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APR

MAY

JUN

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AUG

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NOV


telesintelligence.com


Burbank DATA*

NOV 2011

NOV 2012

% CHANGE

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

$462,000

$510,000

10.4%

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

$306

$331

8.2%

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

68

46

-32.4%

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

51

58

13.7%

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

132

68

-48.5%

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

59

66

11.9%

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

1.9

1.5

-23.8%

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

38.6%

85.3%

120.8%

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

$495,231

$494,846

-0.1%

*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.

$510

M E D I A N

S A L E S

(in hundred thousands)

$462

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$494,846 PROPERTIES FOR SALE

68 DAYS ON MARKET**

68 shadow inventory

225 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Encino DATA*

NOV 2011

NOV 2012

% CHANGE

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

$860,000

$690,000

-19.8%

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

$312

$352

12.8%

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

36

35

-2.8%

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

26

29

11.5%

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

113

80

-29.2%

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

109

48

-56.0%

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

3.1

2.3

-27.2%

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

23.0%

36.3%

57.5%

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

$778,308

$767,154

-1.4%

*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.

M E D I A N

$690

S A L E S

$860

(in hundred thousands)

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$767,154 PROPERTIES FOR SALE

80 DAYS ON MARKET**

77 shadow inventory

135 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Glendale DATA*

NOV 2011

NOV 2012

% CHANGE

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

$565,000

$602,000

6.5%

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

$312

$325

4.2%

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

63

50

-20.6%

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

65

62

-4.6%

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

187

99

-47.1%

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

81

63

-22.2%

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

3.0

2.0

-33.3%

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

34.8%

62.6%

80.2%

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

$580,615

$575,385

-0.9%

*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.

$602

M E D I A N

S A L E S

(in hundred thousands)

$565

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$575,385 PROPERTIES FOR SALE

99 DAYS ON MARKET**

70 shadow inventory

271 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


La Crescenta DATA*

NOV 2011

NOV 2012

% CHANGE

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

$482,000

$659,000

36.7%

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

$311

$371

19.3%

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

15

9

-40.0%

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

17

12

-29.4%

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

52

21

-59.6%

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

139

57

-59.0%

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

3.5

2.3

-32.7%

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

32.7%

57.1%

74.8%

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

$566,000

$553,385

-2.2%

*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.

(in hundred thousands)

$659

P R I C E

yearly trend

M E D I A N

S A L E S

$482

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$553,385 PROPERTIES FOR SALE

21 DAYS ON MARKET**

78 shadow inventory

61 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


North Hollywood DATA*

NOV 2011

NOV 2012

% CHANGE

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

$326,000

$327,000

0.3%

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

$224

$239

6.7%

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

43

42

-2.3%

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

52

50

-3.8%

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

138

47

-65.9%

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

82

66

-19.5%

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

3.2

1.1

-65.1%

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

37.7%

106.4%

182.3%

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

$308,077

$305,308

-0.9%

*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.

$327

M E D I A N

S A L E S

(in hundred thousands)

$326

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$305,308 PROPERTIES FOR SALE

47 DAYS ON MARKET**

73 shadow inventory

301 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Shadow Hills DATA*

NOV 2011

NOV 2012

% CHANGE

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

$500,000

$478,000

-4.4%

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

$320

$259

-19.1%

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

1

1

0.0%

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

0

2

N/A

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

17

15

-11.8%

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

7

191

2628.6%

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

17.0

15.0

-11.8%

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

0.0%

13.3%

N/A

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

$561,167

$585,250

4.3%

*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

$478

S A L E S

$500

(in hundred thousands)

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$585,250 PROPERTIES FOR SALE

15 DAYS ON MARKET**

79 shadow inventory

1 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Sherman Oaks DATA*

NOV 2011

NOV 2012

% CHANGE

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

$590,000

$630,000

6.8%

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

$332

$368

10.8%

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

35

47

34.3%

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

22

45

104.5%

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

158

96

-39.2%

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

66

70

6.1%

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

4.5

2.0

-54.8%

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

13.9%

46.9%

236.6%

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

$660,154

$677,462

2.6%

*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.

M E D I A N

S A L E S

(in hundred thousands)

$630

$590

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$677,462 PROPERTIES FOR SALE

96 DAYS ON MARKET**

77 shadow inventory

94 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Studio City DATA*

NOV 2011

NOV 2012

% CHANGE

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

$684,000

$977,000

42.8%

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

$395

$421

6.6%

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

18

19

5.6%

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

21

30

42.9%

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

93

62

-33.3%

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

88

62

-29.5%

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

5.2

3.3

-36.8%

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

22.6%

48.4%

114.3%

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

$798,077

$829,692

4.0%

*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)

$977

P R I C E

yearly trend

M E D I A N

S A L E S

$684

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$829,692 PROPERTIES FOR SALE

62 DAYS ON MARKET**

73 shadow inventory

51 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Sun Valley DATA*

NOV 2011

NOV 2012

% CHANGE

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

$278,000

$282,000

1.4%

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

$189

$208

10.1%

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

23

22

-4.3%

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

19

24

26.3%

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

62

22

-64.5%

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

82

47

-42.7%

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

2.7

1.0

-62.9%

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

30.6%

109.1%

256.0%

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

$272,462

$271,385

-0.4%

*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.

$282

M E D I A N

S A L E S

(in hundred thousands)

$278

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$271,385 PROPERTIES FOR SALE

22 DAYS ON MARKET**

71 shadow inventory

123 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Sunland - Tujunga DATA*

NOV 2011

NOV 2012

% CHANGE

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

$308,000

$355,000

15.3%

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

$220

$257

16.8%

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

26

41

57.7%

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

32

42

31.3%

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

93

55

-40.9%

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

94

80

-14.9%

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

3.6

1.3

-62.5%

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

34.4%

76.4%

121.9%

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

$327,769

$340,385

3.8%

*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.

$355

M E D I A N

S A L E S

(in hundred thousands)

$308

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$340,385 PROPERTIES FOR SALE

55 DAYS ON MARKET**

74 shadow inventory

188 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Toluca Lake DATA*

NOV 2011

NOV 2012

% CHANGE

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

$880,000

$950,000

8.0%

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

$390

$389

-0.3%

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

3

7

133.3%

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

2

6

200.0%

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

21

24

14.3%

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

191

81

-57.6%

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

7.0

3.4

-51.0%

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

9.5%

25.0%

162.5%

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

$771,692

$807,333

4.6%

*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.

M E D I A N

S A L E S

$950

$880

(in hundred thousands)

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$807,333 PROPERTIES FOR SALE

24 DAYS ON MARKET**

105 shadow inventory

7 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Valley Village DATA*

NOV 2011

NOV 2012

% CHANGE

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

$516,000

$749,000

45.2%

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

$281

$342

21.7%

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

9

11

22.2%

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

12

14

16.7%

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

39

22

-43.6%

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

50

72

44.0%

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

4.3

2.0

-53.8%

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

30.8%

63.6%

106.8%

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

$555,231

$600,154

8.1%

*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.

(in hundred thousands)

$749

P R I C E

yearly trend

M E D I A N

S A L E S

$516

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$600,154 PROPERTIES FOR SALE

22 DAYS ON MARKET**

66 shadow inventory

10 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 2012 : Micro Market Report


Woodland Hills DATA*

NOV 2011

NOV 2012

% CHANGE

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

$530,000

$530,000

0.0%

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

$244

$255

4.5%

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

47

56

19.1%

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

52

57

9.6%

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

183

109

-40.4%

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

63

71

12.7%

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

3.9

1.9

-50.0%

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

28.4%

52.3%

84.0%

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

$520,231

$525,538

1.0%

*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.

$530

M E D I A N

S A L E S

(in hundred thousands)

$530

P R I C E

yearly trend

NOV

DEC

JAN

FEB

Micro Market Report : November 2012

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV


telesintelligence.com

the numbers median sales price**

$525,538 PROPERTIES FOR SALE

109 DAYS ON MARKET**

75 shadow inventory

264 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

November 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 NOVEMBER 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: November 2012