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micro market report san fernando valley September 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 : September 2013


telesintelligence.com

briel

south bay

geles

orange county Sun Valley

Valley Village

Sunland - Tujunga

Woodland Hills

Toluca Lake

September 2013 : Micro Market Report


San Fernando Valley Macro Market DATA*

Sep 2012

Sep 2013

% CHANGE

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

$636,500

$696,143

9.4%

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

$305

$361

18.2%

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

412

439

6.6%

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

492

417

-15.2%

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

922

1,071

16.2%

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

71

50

-30.5%

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

2.2

2.4

9.0%

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

53.4%

38.9%

-27.0%

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

$556,560

$656,330

17.9%

*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 : September 2013

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May


Burbank DATA*

Sep 2012

Sep 2013

% CHANGE

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

$522,000

$590,000

13.0%

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

$346

$402

16.2%

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

46

57

23.9%

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

57

56

-1.8%

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

70

89

27.1%

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

65

40

-38.5%

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

1.5

1.6

2.6%

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

81.4%

62.9%

-22.7%

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

$487,385

$560,615

15.0%

*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.

$590

M E D I A N

S A L E S

(in hundred thousands)

$522

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$560,615

PROPERTIES FOR SALE

89

DAYS ON MARKET**

51

shadow inventory

71

**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

September 2013 : Micro Market Report


Encino DATA*

Sep 2012

Sep 2013

% CHANGE

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

$848,000

$968,000

14.2%

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

$320

$386

20.6%

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

22

28

27.3%

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

32

36

12.5%

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

101

118

16.8%

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

75

62

-17.3%

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

4.6

4.2

-8.2%

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

31.7%

30.5%

-3.7%

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

$784,846

$834,000

6.3%

*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.

$968

M E D I A N

S A L E S

(in hundred thousands)

$848

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$834,000

PROPERTIES FOR SALE

118

DAYS ON MARKET**

64

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

September 2013 : Micro Market Report


Glendale DATA*

Sep 2012

Sep 2013

% CHANGE

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

$582,000

$728,000

25.1%

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

$339

$363

7.1%

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

60

54

-10.0%

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

74

45

-39.2%

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

129

130

0.8%

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

63

53

-15.9%

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

2.2

2.4

12.0%

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

57.4%

34.6%

-39.7%

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

$573,000

$641,615

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.

$728

M E D I A N

S A L E S

(in hundred thousands)

$582

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$641,615

PROPERTIES FOR SALE

130

DAYS ON MARKET**

56

shadow inventory

93

**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

September 2013 : Micro Market Report


La Crescenta DATA*

Sep 2012

Sep 2013

% CHANGE

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

$650,000

$550,000

-15.4%

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

$334

$424

26.9%

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

13

20

53.8%

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

16

22

37.5%

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

24

34

41.7%

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

49

46

-6.1%

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

1.8

1.7

-7.9%

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

66.7%

64.7%

-2.9%

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

$538,846

$623,385

15.7%

*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.

M E D I A N

$550

S A L E S

$650

(in hundred thousands)

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$623,385

PROPERTIES FOR SALE

34

DAYS ON MARKET**

48

shadow inventory

20

**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

September 2013 : Micro Market Report


North Hollywood DATA*

Sep 2012

Sep 2013

% CHANGE

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

$325,000

$428,000

31.7%

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

$225

$296

31.6%

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

42

35

-16.7%

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

40

25

-37.5%

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

52

77

48.1%

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

61

47

-23.0%

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

1.2

2.2

77.7%

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

76.9%

32.5%

-57.8%

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

$302,769

$363,692

20.1%

*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.

$428

M E D I A N

S A L E S

(in hundred thousands)

$325

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$363,692

PROPERTIES FOR SALE

77

DAYS ON MARKET**

56

shadow inventory

122

**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

September 2013 : Micro Market Report


Shadow Hills DATA*

Sep 2012

Sep 2013

% CHANGE

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

$600,000

$790,000

31.7%

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

$241

$280

16.2%

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

1

3

200.0%

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

5

3

-40.0%

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

12

18

50.0%

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

53

37

-30.2%

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

12

6

-50.0%

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

41.7%

16.7%

-60.0%

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

$570,000

$632,923

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.

(in hundred thousands)

$790

P R I C E

yearly trend

M E D I A N

S A L E S

$600

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$632,923

PROPERTIES FOR SALE

18

DAYS ON MARKET**

99

shadow inventory

1

**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

September 2013 : Micro Market Report


Sherman Oaks DATA*

Sep 2012

Sep 2013

% CHANGE

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

$775,000

$820,000

5.8%

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

$360

$445

23.6%

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

37

48

29.7%

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

53

52

-1.9%

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

116

135

16.4%

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

77

57

-26.0%

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

3.1

2.8

-10.3%

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

45.7%

38.5%

-15.7%

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

$674,615

$762,769

13.1%

*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.

$820

M E D I A N

S A L E S

(in hundred thousands)

$775

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$762,769

PROPERTIES FOR SALE

135

DAYS ON MARKET**

63

shadow inventory

59

**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

September 2013 : Micro Market Report


Studio City DATA*

Sep 2012

Sep 2013

% CHANGE

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

$800,000

$1,095,000

36.9%

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

$377

$510

35.3%

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

31

33

6.5%

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

27

28

3.7%

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

58

90

55.2%

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

86

48

-44.2%

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

1.9

2.7

45.8%

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

46.6%

31.1%

-33.2%

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

$815,615

$927,308

13.7%

*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.

(in hundred thousands)

$1.095

P R I C E

yearly trend

M E D I A N

S A L E S

$800

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$927,308

PROPERTIES FOR SALE

90

DAYS ON MARKET**

60

shadow inventory

15

**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

September 2013 : Micro Market Report


Sun Valley DATA*

Sep 2012

Sep 2013

% CHANGE

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

$314,000

$327,000

4.1%

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

$231

$294

27.3%

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

17

19

11.8%

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

30

16

-46.7%

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

26

48

84.6%

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

71

38

-46.5%

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

1.5

2.5

65.2%

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

115.4%

33.3%

-71.1%

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

$271,231

$317,462

17.0%

*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.

$327

M E D I A N

S A L E S

(in hundred thousands)

$314

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$317,462

PROPERTIES FOR SALE

48

DAYS ON MARKET**

51

shadow inventory

54

**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

September 2013 : Micro Market Report


Sunland/Tujunga DATA*

Sep 2012

Sep 2013

% CHANGE

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

$352,000

$385,000

9.4%

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

$242

$274

13.2%

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

42

32

-23.8%

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

52

33

-36.5%

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

64

56

-12.5%

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

62

46

-25.8%

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

1.5

1.8

14.8%

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

81.2%

58.9%

-27.5%

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

$335,077

$373,000

11.3%

*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.

$385

M E D I A N

S A L E S

(in hundred thousands)

$352

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$373,000

PROPERTIES FOR SALE

56

DAYS ON MARKET**

61

shadow inventory

68

**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

September 2013 : Micro Market Report


Tarzana DATA*

Sep 2012

Sep 2013

% CHANGE

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

$704,000

$795,000

12.9%

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

$274

$332

21.2%

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

24

29

20.8%

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

25

21

-16.0%

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

83

66

-20.5%

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

41

43

4.9%

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

3.5

2.3

-34.2%

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

30.1%

31.8%

5.6%

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

$610,077

$763,231

25.1%

*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.

$795

M E D I A N

S A L E S

(in hundred thousands)

$704

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$763,231

PROPERTIES FOR SALE

66

DAYS ON MARKET**

67

shadow inventory

41

**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

September 2013 : Micro Market Report


Toluca Lake DATA*

Sep 2012

Sep 2013

% CHANGE

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

$1,300,000

$850,000

-34.6%

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

$443

$333

-24.8%

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

5

5

0.0%

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

7

10

42.9%

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

22

21

-4.5%

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

147

66

-55.1%

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

4.4

4.2

-4.5%

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

31.8%

47.6%

49.7%

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

$754,308

$1,111,000

47.3%

*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

$850

S A L E S

$1.300

(in hundred thousands)

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$1,111,000

PROPERTIES FOR SALE

21

DAYS ON MARKET**

80

shadow inventory

3

**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

September 2013 : Micro Market Report


Valley Village DATA*

Sep 2012

Sep 2013

% CHANGE

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

$604,000

$770,000

27.5%

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

$282

$396

40.4%

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

14

11

-21.4%

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

10

13

30.0%

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

30

26

-13.3%

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

59

49

-16.9%

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

2.1

2.4

10.3%

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

33.3%

50.0%

50.0%

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

$555,538

$678,154

22.1%

*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.

$770

M E D I A N

S A L E S

(in hundred thousands)

$604

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$678,154

PROPERTIES FOR SALE

26

DAYS ON MARKET**

56

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

September 2013 : Micro Market Report


Woodland Hills DATA*

Sep 2012

Sep 2013

% CHANGE

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

$535,000

$650,000

21.5%

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

$258

$315

22.1%

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

58

65

12.1%

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

64

57

-10.9%

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

135

163

20.7%

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

90

62

-31.1%

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

2.3

2.5

7.7%

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

47.4%

35.0%

-26.2%

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

$518,538

$599,462

15.6%

*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)

$535

P R I C E

yearly trend

Sep

Oct

Nov

Dec

Micro Market Report : September 2013

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep


telesintelligence.com

the numbers median sales price**

$599,462

PROPERTIES FOR SALE

163

DAYS ON MARKET**

64

shadow inventory

87

**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

September 2013 : Micro Market Report


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References

CONTACTS:

Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@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:

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Teles intelligence September 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.


San Fernando Valley Micro Market Report: September 2013