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Encino, Sherman Oaks & hood living

News and events in Valley+Los Angeles. Housing. Style. Encino & Beyond

By Inna Ivchenko | Agent in Encino, CA

Local housing market continues to improve( Nov/2012)

Home sales up in California,

local housing market continues to improve

New data from the California Association of Realtors reveals pending home sales posted significant gains on both a monthly and year-over-year basis in a recent report for the month of October.


According to the Pending Home Sales Index, transactions rose 4.3 percent in October to 120.2 from 115.2 the previous month.

Pending sales were also up 3.6 percent from the October 2011 index.


The supply of properties on the market that are either foreclosures or short sales fell to just 1.9 months in October when compared to the 2.2-month supply in September. With a lower inventory of delinquent properties, other factors including home prices will continue to rise throughout the rest of the year and well into 2013.

Let's check if  ''local'' numbers confirm that housing market continues to improve:

Monthly Statistics - Single Family - October 2012


Sales Volume

No.

Area

Oct 2011

Oct 2012

Sep 2012

2012 To Date

2011 To Date

SP/LP

SP/OLP

51

West Hills

$968,000

$2,401,000

$1,157,000

$16,285,800

$8,231,888

98.89%

89.66%

53

Woodland Hills

$1,540,000

$5,011,000

$4,986,000

$37,565,741

$26,884,050

102.02%

100.91%

54

Winnetka

$566,750

$1,352,000

$380,000

$5,847,699

$6,148,750

100.23%

100.23%

55

Canoga Park

$824,000

$0

$367,000

$2,266,900

$7,139,900

N/A

N/A

59

Reseda

$1,590,000

$1,430,500

$889,000

$9,298,000

$9,521,500

101.61%

99.49%

60

Tarzana

$1,395,000

$2,555,000

$2,238,500

$36,680,000

$36,785,500

101.09%

101.09%

61

Lake Balboa

$300,000

$687,500

$1,171,500

$8,243,000

$6,616,000

97.52%

105.79%

62

Encino

$2,892,000

$7,245,000

$4,495,000

$67,641,750

$58,565,450

97.84%

95.80%

63

North Hills

$0

$309,000

$993,500

$6,124,449

$5,344,800

98.10%

89.57%

72

Sherman Oaks

$8,356,850

$17,688,500

$12,919,750

$135,641,645

$108,018,487

98.69%

96.68%

73

Studio City

$3,657,200

$9,608,750

$9,015,000

$109,610,601

$92,564,412

98.55%

96.10%

74

Toluca Lake

$2,710,000

$3,060,000

$8,923,600

$24,237,600

$17,916,650

91.62%

73.38%

76

North Hollywood

$1,159,300

$1,134,000

$1,129,000

$15,335,450

$17,380,011

105.20%

114.10%

89

Calabasas

$2,252,500

$0

$1,198,000

$19,855,999

$31,670,500

N/A

N/A


Sales Volume

No.

Area

Oct 2011

Oct 2012

Sep 2012

2012 To Date

2011 To Date

SP/LP

SP/OLP

All Selected Areas

$28,211,600

$52,482,250

$49,862,850

$494,634,634

$432,787,898

98.76%

95.46%

 

Median Sales Price

No.

Area

Oct 2011

Oct 2012

Sep 2012

2012 To Date

2011 To Date

51

West Hills

$484,000

$429,000

$320,000

$406,500

$415,000

53

Woodland Hills

$586,000

$655,000

$631,500

$528,500

$490,000

54

Winnetka

$283,375

$325,000

$380,000

$325,000

$330,000

55

Canoga Park

$275,000

$0

$367,000

$265,950

$310,000

59

Reseda

$320,000

$265,000

$325,000

$319,000

$300,750

60

Tarzana

$1,395,000

$1,277,500

$725,000

$835,000

$935,000

61

Lake Balboa

$300,000

$343,750

$349,000

$337,500

$340,000

62

Encino

$627,000

$875,000

$810,000

$932,500

$985,000

63

North Hills

$0

$309,000

$310,000

$332,500

$299,500

72

Sherman Oaks

$625,000

$875,000

$782,500

$787,000

$699,500

73

Studio City

$852,500

$867,500

$855,750

$890,000

$995,500

74

Toluca Lake

$740,000

$1,530,000

$1,697,500

$1,140,000

$800,000

76

North Hollywood

$281,250

$347,000

$277,000

$310,000

$293,555

89

Calabasas

$1,126,250

$0

$599,000

$950,000

$1,092,500

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