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Teles intelligence

micro market report san fernando valley SEPTEMBER 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 : September 2012


telesintelligence.com

briel

south bay

geles

orange county Sun Valley

Valley Village

Sunland - Tujunga

Woodland Hills

Toluca Lake

September 2012 : Micro Market Report


San Fernando Macro Market DATA*

SEP 2011

SEP 2012

% CHANGE

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

$512,923

$636,231

24.0%

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

$289

$307

6.2%

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

373

370

-0.8%

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

397

500

25.9%

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

1448

826

-43.0%

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

80

74

-7.8%

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

3.9

2.2

-42.5%

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

27.4%

60.5%

120.8%

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

$560,946

$552,083

-1.6%

*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.

(in hundred thousands)

$636

P R I C E

yearly trend

M E D I A N

S A L E S

$513

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com


Burbank DATA*

SEP 2011

SEP 2012

% CHANGE

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

$482,000

$519,000

7.7%

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

$322

$347

7.8%

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

44

43

-2.3%

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

47

64

36.2%

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

149

70

-53.0%

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

68

65

-4.4%

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

3.4

1.6

-51.9%

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

31.5%

91.4%

189.8%

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

$509,000

$488,077

-4.1%

*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.

$519

M E D I A N

S A L E S

(in hundred thousands)

$482

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$488,077 PROPERTIES FOR SALE

70 DAYS ON MARKET**

67 shadow inventory

288 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Encino DATA*

SEP 2011

SEP 2012

% CHANGE

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

$657,000

$908,000

38.2%

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

$324

$320

-1.2%

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

25

20

-20.0%

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

38

31

-18.4%

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

141

98

-30.5%

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

68

79

16.2%

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

5.6

4.9

-13.1%

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

27.0%

31.6%

17.4%

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

$746,154

$789,385

5.8%

*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)

$908

P R I C E

yearly trend

M E D I A N

S A L E S

$657

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$789,385 PROPERTIES FOR SALE

98 DAYS ON MARKET**

78 shadow inventory

173 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Glendale DATA*

SEP 2011

SEP 2012

% CHANGE

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

$555,000

$580,000

4.5%

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

$298

$331

11.1%

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

54

59

9.3%

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

52

78

50.0%

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

205

128

-37.6%

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

76

62

-18.4%

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

3.8

2.2

-42.9%

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

25.4%

60.9%

140.2%

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

$589,308

$573,077

-2.8%

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

M E D I A N

S A L E S

(in hundred thousands)

$580

$555

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$573,077 PROPERTIES FOR SALE

128 DAYS ON MARKET**

74 shadow inventory

314 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


La Crescenta DATA*

SEP 2011

SEP 2012

% CHANGE

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

$516,000

$650,000

26.0%

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

$324

$334

3.1%

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

20

13

-35.0%

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

16

15

-6.3%

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

53

24

-54.7%

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

85

49

-42.4%

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

2.7

1.8

-30.3%

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

30.2%

62.5%

107.0%

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

$581,308

$536,923

-7.6%

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

$650

M E D I A N

S A L E S

(in hundred thousands)

$516

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$536,923 PROPERTIES FOR SALE

24 DAYS ON MARKET**

82 shadow inventory

79 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


North Hollywood DATA*

SEP 2011

SEP 2012

% CHANGE

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

$295,000

$325,000

10.2%

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

$210

$225

7.1%

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

46

42

-8.7%

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

48

44

-8.3%

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

172

52

-69.8%

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

77

64

-16.9%

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

3.7

1.2

-66.9%

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

27.9%

84.6%

203.2%

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

$308,615

$302,615

-1.9%

*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.

$325

M E D I A N

S A L E S

(in hundred thousands)

$295

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$302,615 PROPERTIES FOR SALE

52 DAYS ON MARKET**

76 shadow inventory

375 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Shadow Hills DATA*

SEP 2011

SEP 2012

% CHANGE

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

$428,000

$600,000

40.2%

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

$233

$241

3.4%

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

2

1

-50.0%

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

3

5

66.7%

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

20

11

-45.0%

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

220

53

-75.9%

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

10.0

11.0

10.0%

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

15.0%

45.5%

203.0%

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

$564,455

$570,000

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.

S A L E S

(in hundred thousands)

$600

P R I C E

yearly trend

M E D I A N

$428

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$570,000 PROPERTIES FOR SALE

11 DAYS ON MARKET**

87 shadow inventory

1 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Sherman Oaks DATA*

SEP 2011

SEP 2012

% CHANGE

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

$719,000

$775,000

7.8%

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

$348

$367

5.5%

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

37

36

-2.7%

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

40

58

45.0%

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

163

114

-30.1%

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

56

70

25.0%

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

4.4

3.2

-28.1%

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

24.5%

50.9%

107.3%

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

$676,846

$673,923

-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.

$775

M E D I A N

S A L E S

(in hundred thousands)

$719

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$673,923 PROPERTIES FOR SALE

114 DAYS ON MARKET**

75 shadow inventory

127 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Studio City DATA*

SEP 2011

SEP 2012

% CHANGE

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

$782,000

$798,000

2.0%

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

$384

$379

-1.3%

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

28

30

7.1%

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

22

29

31.8%

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

113

58

-48.7%

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

59

88

49.2%

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

4.0

1.9

-52.1%

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

19.5%

50.0%

156.8%

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

$810,462

$815,462

0.6%

*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.

$798

M E D I A N

S A L E S

(in hundred thousands)

$782

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$815,462 PROPERTIES FOR SALE

58 DAYS ON MARKET**

74 shadow inventory

55 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Sun Valley DATA*

SEP 2011

SEP 2012

% CHANGE

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

$256,000

$307,000

19.9%

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

$187

$222

18.7%

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

30

14

-53.3%

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

36

33

-8.3%

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

55

24

-56.4%

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

65

76

16.9%

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

1.8

1.7

-6.5%

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

65.5%

137.5%

110.1%

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

$278,462

$262,615

-5.7%

*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.

$307

M E D I A N

S A L E S

(in hundred thousands)

$256

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$262,615 PROPERTIES FOR SALE

24 DAYS ON MARKET**

73 shadow inventory

142 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Sunland - Tujunga DATA*

SEP 2011

SEP 2012

% CHANGE

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

$346,000

$350,000

1.2%

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

$215

$240

11.6%

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

28

40

42.9%

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

29

54

86.2%

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

102

63

-38.2%

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

82

65

-20.7%

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

3.6

1.6

-56.8%

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

28.4%

85.7%

201.5%

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

$334,846

$334,538

-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.

$350

M E D I A N

S A L E S

(in hundred thousands)

$346

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$334,538 PROPERTIES FOR SALE

63 DAYS ON MARKET**

75 shadow inventory

251 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Toluca Lake DATA*

SEP 2011

SEP 2012

% CHANGE

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

$565,000

$1,300,000

130.1%

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

$394

$443

12.4%

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

7

5

-28.6%

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

7

7

0.0%

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

27

22

-18.5%

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

34

147

332.4%

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

3.9

4.4

14.1%

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

25.9%

31.8%

22.7%

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

$780,923

$767,750

-1.7%

*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.

S A L E S

(in hundred thousands)

$1.300

P R I C E

yearly trend

M E D I A N

$565

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$767,750 PROPERTIES FOR SALE

22 DAYS ON MARKET**

95 shadow inventory

8 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Valley Village DATA*

SEP 2011

SEP 2012

% CHANGE

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

$552,000

$622,000

12.7%

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

$287

$282

-1.7%

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

6

15

150.0%

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

11

10

-9.1%

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

39

30

-23.1%

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

70

61

-12.9%

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

6.5

2.0

-69.2%

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

28.2%

33.3%

18.2%

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

$583,769

$567,615

-2.8%

*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.

$622

M E D I A N

S A L E S

(in hundred thousands)

$552

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$567,615 PROPERTIES FOR SALE

30 DAYS ON MARKET**

63 shadow inventory

10 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 2012 : Micro Market Report


Woodland Hills DATA*

SEP 2011

SEP 2012

% CHANGE

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

$515,000

$537,000

4.3%

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

$231

$258

11.7%

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

46

52

13.0%

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

48

72

50.0%

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

209

132

-36.8%

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

85

84

-1.2%

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

4.5

2.5

-44.1%

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

23.0%

54.5%

137.5%

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

$528,154

$518,615

-1.8%

*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.

$537

M E D I A N

S A L E S

(in hundred thousands)

$515

P R I C E

yearly trend

SEP

OCT

NOV

DEC

Micro Market Report : September 2012

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP


telesintelligence.com

the numbers median sales price**

$518,615 PROPERTIES FOR SALE

132 DAYS ON MARKET**

75 shadow inventory

332 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

September 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 SEPTEMBER 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: September 2012  

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