Realtor Report Realtor®Report Realtor®Report

Transcription

Realtor Report
The Official Publication of Southland Regional Association of Realtors®
January/February 2016
Realtor Report
®END YEAR
HOME
SALES
Realtor Report
ON HIGH NOTE ... Pg. 3
®
Realtor Report
®
RENTERS, OWNERS to SHARE QUAKE
COMMERCIAL R.E.
RETROFIT Regional
BURDEN Association
... Pg. 8 of Realtors®
TRENDING
The Official Publication of Southland
HIGHER ... Pg. 2
Realtor
First-Time
HomeBuyer
Report
2015 VALLEY HOME,
®
CONDO SALES
JUMP ... Pg. 3
For homes purchased in San Fernando
and Santa Clarita Valleys!
EL NIÑO STORMS
TEST HOME
READINESS ... Pg. 4
Grants
Southland Regional Association of REALTORS®, in partnership with
the California
the California
Association
Association
of REALTORS®
of REALTORS®
Housing Affordability
Fund,
Fund,
is currently
is currently
offering $2,000
offering
grants
$2,000
to grants
qualified
to first-time
qualified first-time
home buyers.
home buyers.
Realtor
5
OnlyReport
®
Applicants must meet certain requirements, including income limitations.
For information on this program, including
including aa full
full list of requirements,
®
visit www.srar.com/grants
Joey Lewis
- Director,
Member
&
or contact
Michelle
Gerhard
at of
818-947-2271
The Official
Publication
Regional
Association
Realtors
LOCAL
REALTORS
AWARDof Southland
Community
at 818-947-2256 or via email at [email protected]
or via email Relations
at [email protected]
GRANT ... Pg. 5
COMMERCIAL DATA
EXCHANGE
CLASSES
NEW FOR 2016 ... Pg. 6
left
...Pg. 9
A MERRY CHRISTMAS
TO ALL,
HOLIDAY BASH ... Pg. 7
Volume 96 • Issue 1
HomeB
Gra
rules appear to have had little or no local
gish recovery, the vanishing middle class,
impact.
limited inventory, and diminishing housA statewide survey also saw a small
easure of
ing affordability contributed to that trend.
increase in the number of sales with
high, it’s
Valley condo sales also will most likely
multiple offers compared with October
The
high
cost
of
housing
appears
to
be
ily home
post an annual increase over a year ago.
and an increase in the number of offers
ADVERTISEMENT
commercial
real
n a year ago.
There were 1,970 closed condo escrows
received. Bottom
line? 2015
willestate’s
be re- Achilles’ heel. Southland Regional Association of REALTORS®, in par
“Toyota
for Austin
…California
Why?”
en in posiat the end of November, just 13 sales shy
membered fondly.
2016 left
mayTorrance
well be even
the
Association
of REALTORS®
the California
Association
of REALTORS®
Housing Affo
of the
12-month
total
for 2014 COMMERCIAL
of 1,983
more
New
Year!
is currently
offering $2,000
grants
to grants
qualified
home bu
is currently
offering
$2,000
to first-time
sheHappy
asked.
“Workers
couldn’t afford
to buy
THE
GREAtER
LOS
ANgELES
REALupbeat.
have been higher
than November every
beThe
atSouthland
least 4.4
percent
higher
than
of
typically
condo sales.
Regional
Association
of Realtors®
is a all
EStAtE
MARKEt
IS RIDINg HIgH WItH VIRtUALLY
a
home
near
where
they
worked.”
back
to 2006.
er year
factorsdating
in
Jim Link,
the Association’s chief execu- 2014.
Applicants must meet certain requirements, including inco
local trade association with more than 9,500 members
ALL
INDICAtORS
LIKELY
tO CONtINUE
UPWARD
Currently,
only
24
percentRealtors
of households
serving
the San Fernando
andthe
Santaend
Clarita
valleys.
That’s great
news,
yet it’sthe
worth
mber sales
tive officer,
expected
condonoting
total to
Pending
sales
at
of
November
from throughout the Santa Clarita Valley contributed to the 23rd annual Spark of Love
ill end on a
Commercial R.E.
Trending Higher
tHROUgH
tHE NEW
YEAR.
inCalifornia
L.A. County
can
affordthan
toToy
buy
a medianthat annual
home sales
totals
have been
throughout
were
higher
For
information
on9 this
program,
including
a
list
of requi
including
a full
full
list
requ
Drive,
which has
collected
more than
million
toys. The goal
was to exceed
last
year’s
colvisit
Joey
- California
Director,
or are
contact
Michelle
Gerhard
at 81
of 450,000
toyswww.srar.com/grants
collected from all sources that
distributed
by Lewis
Southern
trending lower since peaking at 13,878
the prior year
for the
13thcompared
consecutive
priced
home,
to lection
50 percent
in
“ I t ’ s Holg e n emonth.
r a lThe
l y high cost of housing appears to be
construction.
Community
Relations
at 818-947-2256
or Bernardino,
via emailOrange,
at Joey
or via email
Firefighters to underserved
children
and teenagers
in Los Angeles, San
in 2003.
%UHDNIDVW
2012.
Ventura and Riverside counties. Pictured above, from left to right, are some of the volunteers
real estate’s Achilles’ heel.
lywood
a p o sremains
i t i v etheo u t commercial
look
Pending sales typicallywho assisted this year’s campaign: Fiona Alvarez, Imelda Leano, Nicole Stinson, Dean Vincent,
would-be
buyers out of the
most active market,
“Toyota left“We’ve
Torrancepriced
for Austin
…
fall off at the end of eachthe 2016 president of the Santa Clarita Valley Division of the Southland Regional Association of
throughout the state,
but products in
Why?” shemarket,”
asked. “Workers
couldn’t afford said. “Millennials
Appleton-Young
year following
seasonal Realtors, Debbie Hawkins, and Nancy Starczyk, SRAR’s 2016 president-elect.
w i t submarkets
h multifam
l y a home near
to ibuy
they worked.”
other
ommerwill patterns.
bewhere
leaving,
moving
Some
regionsinland
said and out of
leading
the way,”said
are
contributing
Currently, only 24 percent of houseiding high
retail sales and demand for apartments,”
sales
were
lower
this
year
state.
…
They’ll
have
a
similar
lifestyle
of the market,”
Appleton-Young said.
to
a stream
of new
holds in L.A. County can afford to buy
Leslie
Appleton-Young,
likely to
she said. “We’ve got a lot of new apartdue
tocompared
complications
from
“Millennials
will be leaving, moving inland
and
amenities,
but
it
doesn’t
cost
as
much.”
space.
a median-priced
home,
to
50
through
chief
economist
of
the
ment construction. But want to buy a
new
disclosure
rules
that
out housing
of state. … They’ll have a similar
“The office marpercent in 2012.
She reported an uptick inand
new
condominium? Forget about it. You won’t
California
Association
Realtors.
intobuyers
effectout
in early lifestyle and amenities, but it doesn’t cost
“We’ve pricedwent
would-be
ket in Greater
L.A. is firmlyof
in expansion
construction
permits,
but
overashalf
of all
new
find any for sale.”
k throughOctober,
although
those
much.”
She
reported
an
uptick
in
new
Appleton-Young
presented a market
mode,”
Appletonconstruction
islittle
for multi-family
projects,
not permits, but over half
leadingNo
thedoubt,
the
Great
Recession,
a
slugrules
appear
to
have
had
or
no
local
housing
construction
Young
said.
“Yearwrap up and forecast at the final monthly
Meeting Raises $1,000
ng,gish
chiefrecovery,
of all new construction is for multi-family
thefundamenvanishing middle
class,
impact. single-family homes.
to-date
networking
meeting of the year heldAby
sociation
projects, not single-family
homes.
limited inventory,
diminishing houstal metricsand
are all
statewide
survey talk
also about
saw a small
in Toys, Donations
“People
gentrification,”
she
the
Commercial
Investment
“People talk about gentrification,”
moving
in positive and
ing affordability
contributed
to that
trend. Division
increase insaid,
the number
ofhow
sales the
withprocess
The last monthly Commercial Real
noting
often
is
a market
ofdirections:
the sales
Southland
Regional
Association
vacancy
of
compared
#!
Valley condo
also will
most likely
multiple
offers
with Octobershe said, noting how the process often is
Estate Networking meeting of 2015
criticized
for
removing
smaller
units
or
al monthly
rates are
at or near
&)"-/
("+/
("*/
post an annual
increase
over a year ago.
and
an increase
in *",/
the number
of offerscriticized for removing smaller units or
Realtors.
was the best attended while also raisr held There
by
old houses
from inventory and sometimes
#!
&,"&/
-"'/ houses
+"%/ from
'"-/
old
inventory
sometimes
post-recession
were
1,970
closed condo
escrowsfurther
received.
Bottom
line?
2015
will be re-and
ing $1,000 in toys and donations, said
As
the
enconomy
improves
and
nt Division
!
&+"(/
(")/
)"+/
("(/
transforming neighborhoods.
lows;
asking lease just 13 sales shy
at the end of
November,
memberedtransforming
fondly. 2016 neighborhoods.
may well be even
Brian Hatkoff, who lead the event. Inbusinesses
continue to add
jobs, demand'%"(/
will &&"&/
&%"%/
'"+/
ociation of
“It’s part of the real estate ecosystem,”
rates aretotal
approachof the 12-month
for 2014 of 1,983
more
upbeat.
Happy
New
Year!
stead of charging admission, attendees
“It’s
part
of the'"*/
real estate ecosystem,”
she supposed to happen.”
$ ''")/
,"'/
."&/
she
said.
“It’s
what’s
increase
forpeak
creative office space projects.
ing previous
condo sales.
contributed a new toy or wrote a check,
The
Southland
Regional
Association
of
Realtors®
is
a
&)",/
+")/
+"&/
'"-/
said.
“It’s
what’s
supposed
to
happen.”
urther and
After eight years of low household
rates;
year-to-date
Over
2.4
million sq. ft.
is under
construction.
with money raised from the commerJim Link,
the
Association’s
chief
execulocal
trade association
with
&%"+/
&%")/
("%/more than
("-/9,500 members
s, demand
formations,
2015 saw an acceleration that
After eight
years
low
household
net absorption is
serving
Fernando
and Santa
Clarita of
valleys.
cial real
estate
community
benefiting
tive officer,
expected the
condothe
total
to active market,
Hollywood
remains
most
&+"(/ the San
&+"'/
)"+/
(")/
Realtors
from
throughout
the
Santa
Clarita
Valley
contributed
to the 23
space
will continue in
2016.
at its highest since
formations,
2015
that
multiple
charities.
Thank
you
one
andwas t
&+")/
#
-"*/
'"./ saw an acceleration
Toy
Drive,
which
has
collected
more
than
9
million
toys.
The
goal
but
products in other submarkets are
. is under
“Household formations will impact
2006.”
all from
for participating!
will continue in 2016.
lection of 450,000 toys collected
all sources that are distributed
contributing to
a stream ofHolnew space. The high cost of housing appears to be
construction.
“Household formations will Firefighters
impact to underserved children and teenagers in Los Angeles, S
W
“The officelywood
market
in Greater
L.A.
is
Ventura and Riverside counties. Pictured above, from left to right, are
commercial
real estate’s Achilles’ heel.
remains
the
retail
sales
and
demand
for
apartments,”
who assisted this year’s campaign: Fiona Alvarez, Imelda Leano, Nicole
most active
market,
“Toyota left Torrance for Austin …
firmly in expansion
mode,”
Appleton-Young
she
said.
“We’ve
gotafford
a lot of
thenew
2016 president of the Santa Clarita Valley Division of the Southland
Why?”
she
asked.
“Workers
couldn’t
but
products
in
said. “Year to- date fundamental metrics are
Nancy Starczyk, SRAR’s 2016 president
apartment
construction.
But want
toRealtors,
buy
a Debbie Hawkins,
Real
Estate
Questions?
E-mail
Gina
Uzunyan,
SRAR
2016
President,
c/o and
[email protected]
other
submarkets
to
buy
a
home
near
where
they
worked.”
all moving in positive directions: vacancy
are contributing
Currently,
only 24
of housecondominium?
Forget
it. You
won’t OF REALTORS® and subscribes to its strict Code of Ethics.
a federally registered collective membership
mark which identifies a real
estate professional
whopercent
is a Member
of about
the NATIONAL
ASSOCIATION
rates are at or
post-recession
lows;
retail sales and dema
of the market,” Appleton-Young said.
to anear
stream
of new
holds
in L.A.
afford to buy
findCounty
any forcan
sale.”
she said. “We’ve got
asking lease rates
“Millennials will be leaving, moving inland
space.are approaching previous
a median-priced home, compared to 50
ment construction. B
and
out
of
state.
…
They’ll
have
a
similar
peak rates; year-to-date
net marabsorption
is at in 2012.
“The office
percent
condominium? Forg
lifestyle
and
amenities,
but
it
doesn’t
cost
ket in Greater
L.A.
is
firmly
in
expansion
“We’ve
priced
would-be
buyers
out
its highest since 2006.”
as
much.”
She
reported
an
uptick
in
new
mode,” Appletonhousing construction permits, but over half
Young said. “YearMeeting Ra
to-date fundamenprojects, not single-family homes.
tal metrics are all
in Toys, Don
moving in positive
The last monthly C
she said, noting how the process often is
directions: vacancy
#!
Estate Networking
criticized for removing smaller units or
rates are at or near
&)"-/
("+/
*",/
("*/
was the best atten
old houses from inventory and sometimes
#!
&,"&/
-"'/
+"%/
'"-/
post-recession
ing $1,000 in toys
!
&+"(/
(")/
)"+/
("(/
lows; asking lease
Brian Hatkoff, who
'%"(/
&&"&/
&%"%/
'"+/
rates are approachstead of charging a
$ ''")/
,"'/
."&/
'"*/
she said. “It’s what’s supposed to happen.”
ing previous peak
contributed a new
&)",/
+")/
+"&/
'"-/
rates; year-to-date
with money raised
&%"+/
&%")/
("%/
("-/
formations, 2015 saw an acceleration that
net absorption is
cial real estate com
President
&+"(/
&+"'/
)"+/
(")/
multiple charities.
Gina Uzunyan
&+")/
#
-"*/
'"./
“Household formations will impact
2006.”
all for participating
President-Elect
Nancy Starczyk
CONSUMER PRICE INDEXES
R.E.
gher
Pending sales … throughout
Santa Clarita Valley Spark
California were higher than
the prior year for the 13th
consecutive month
Q<RXQJ
FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS
AR.com |
QJ
Realtor® REPORT
REAL ESTATE IN THE
SAN
NOVEMBER
2015 FERNANDO AND SANTA CLARITA V
$
m | Real Estate Questions? E-mail Gina
INDEXES
PERCENT CHANGE
Uzunyan,
SRAR 2016
Chief Executive Officer
Jim Link
President, c/o DavidW@SRAR
Santa
Clarita Valley
Division
tered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF
REALTORS®
and subscribes
to its strict Code of
DEC
2014
NOV
2015
YEAR ENDING
DEC
2015
NOV
2014
DEC
2015
DEC
2015
1.6
2.0
-0.1
Los Angeles Riverside 240.475 245.711 245.357
Orange County
Realtor® Report
President
M. Dean Vincent
www.srar.com
2015 Valley Home, Condo
Sales Jump 8%
ADVERTISING SUPPLEMENT
2015 Valley
Home, Condo
Sales Jump 8%
was recorded in 1988 when 15,263 escrows December down 13.2 percent over a year
closed.
ago December. At the current pace of sales,
Home sales throughout the San Fernando
Realtors during 2015 also negotiated the supply represents a 1.8-month inventory.
Karin
Valley during 2015 increased 8.2 percent while 2,153 condominium sales, up 8.6 percent A year ago it was a 2.0-month supply.
A Pelloni was
$2,000 grant via
the single-family home median resale price rose over 2014. Since 2003 only three year have 6-month inventory is needed to balance
to $554,208, the Southland Regional Association seen positive condo annual sales totals. The market forces.
Home Buyer Gran
of RealtorsBy
reported
Thursday.
Gina Uzunyan,
President, and David R. Walker
Pelloni used the mo
record high annual condo total was reported
December home sales of 494 units
Southland Regional Association of Realtors®
The 6.8 percent increase in the home in 2002 with 5,041 sales.
marked an unbroken streak dating to ward
2005purchase of a h
Home sales throughout the San
North Hollywood. P
annual median
price
marked
the
fourth
“Sales
and
prices
for
2015
ended
on
a
high
where
December
sales
came
in
higher
than
Fernando Valley during 2015
with Pelloni, center,
consecutiveincreased
year it was
in
positive
territory,
note
as
expected,
given
today’s
economic
November,
8.2 percent while the
2015 SRAR Preside
although the
increases have
slowing
a statistic probably driven by a desire
by left, and Rea
Rainey,
single-family
homebeen
median
resale realties,” said Jim Link the Association’s
since peaking
percentthe
upturn chief Uzunyan
expected
to see“People
fewer
total
of 6,108
sales closed
executive
officer.
are not Aall
parties
to home
capture
Nada Lahoud who
pricewith
roseato24.1
$554,208,
instances
2016they
of multiple
on daysescrow tax
in 2015,
up 8.2
percent
in 2013. Southland Regional Association of listing
Pelloni in the purch
homesin like
did inoffers
the old
benefits
before
theover
enda of the calendar
properties
as resale prices rise higher and
year year.
ago. ItCompared
was the highest
annual tally
SRAR, in partne
The condominium
annual
median
price
of
with
affordability
to
December
2014,
however,
Realtors reported Thursday.
since 2011. Sales
withofthe California
$351,208 also rose for the fourth consecutive
limits,
fewer
replacement
home
options,
the
494
closed
escrows
were
off
5.4
total
The 6.8 percent
peaked in 2003
tion of Realtors’ Ho
year with the median price up 9.2 increase
percentininthe and the impact of property taxes playing 183 sales was upwith
5.213,878
percent
over a year
ago
homes
fordability Fund, off
2015. The condo annual median hit
bottom
and 13.7 percentchanging
higher owners,
than November.
home
annual key roles in decisions to stay in their current
grants to qualified p
in 2011 at $217,367 and has been
rising
median
price home.
Distressed sales
played
although
thea negligibletive home buyers.
markedleap
the
since then, including a 30.9 percent
record
“Inventory will not increase dramatically
role in the market
lasthigh
yearwas
with foreclosureApplicants must
fourth consecu-unless there is a recession, which seems
recorded
in 19882.5 percent
in 2013.
certain
related transactions
capturing
of requirement
year it was
experienced
Realtors
workhe
with
clients
when
15,263
escrowsmarket
closed. and short payoffs
Gerhard
via email a
Realtors throughout the San tive
Fernando
unlikely
at
this
juncture,”
said.
the
December
5.0
in positive terto properly price a property rather than
Realtors during 2015 also negotiated
Valley negotiated $5.2 billionritory,
in home
Inventory
continues
to
shrink
with
the
percent.
Traditional
standard
sales
had
the
although
using questionable marketing strategies of
2,153 condominium sales, up 8.6 percent
and condominium sales last year,
with 1,207
active
listings reported
share2003
at 87.0
percent
closed
the increases
underor over-pricing
a listing. throughoutoverlion’s
2014. Since
only three
yearsof totalhave
seen positive cond
total transactions generating additional
the San Fernando Valley at the end of escrows.
have been
totals. The reco
millions of Realtor®
dollarsGina
in Uzunyan
related benefits
for
slowing since
Annual Percent
condo total wa
Year
Median Change
2016 President,
SRAR
peaking
with
the local economy,
including
items
such
%$#! "
with 5,041 sale
1987
$161,582
1988
$195,708
21.1%
a 24.1 percent
“Sales and p
as remodeling, landscaping, furniture,
and
1989
$236,958
21.1%
upturn in 2013.
1990
$231,358
-2.4%
ended on a hig
appliance sales.
1991
$227,825
-1.5%
The condominium annual median
given today’s e
1992
$217,958
-4.3%
“2015 was
a healthy year for local home
1993
$198,117
-9.1%
price of $351,208 also rose for the fourth
said Jim Link
1994
$178,417
-9.9%
buyers andconsecutive
sellers and
at price
the
yearI’m
withexcited
the median
1995
$166,958
-6.4%
chief executive
1996
$160,441
-3.9%
prospects for
2016,”
Gina
Uzunyan,
up 9.2
percentsaid
in 2015.
The
condo annual
1997
$165,833
3.4%
are not listing
1998
$190,117
14.6%
president ofmedian
the 9,500-member
hit bottom in 2011 at $217,367
did in the old d
1999
$212,292
11.7%
and has
been rising
since then, including
2000
$237,792
12.0%
Southland
Regional
Association
of
ability limits, f
2001
$258,583
8.7%
a 30.9 percent
in 2013.
2002
$309,175
19.6%
home options,
Realtors, which
is one leap
of the
largest local
2003
$375,000
21.3%
Realtors throughout the San Fernando
property taxes
trade associations
in the nation. “Sales
2004
$473,750
26.3%
Valley negotiated $5.2 billion in home
2005
$569,208
20.1%
decisions to sta
likely will increase
slightly
in
the
New
Year
2006
$605,917
6.4%
and condominium sales last year, with
2007
$611,933
1.0%
home.
while affordability
issues
may
keep
price
2008
$435,958
-28.6%
total transactions generating additional
“Inventory w
2009
$372,483
-14.6%
appreciation
in theoflow
single-digit
range. for
millions
dollars
in related benefits
2010
$390,000
4.7%
dramatically
un
2011
$363,117
-6.9%
the local
items such
“I spend
two economy,
hours including
interviewing
2012
$383,700
5.7%
recession, whic
2013
$476,208
24.1%
remodeling,
furniture,
prospectiveasbuyers
andlandscaping,
many of them
telland
this juncture,”
San Fernando Valley
2014
$518,833
9.0%
appliance
sales.
2015
$554,208
6.8%
Inventory c
me that their
rapidly
rising rent is a major
“2015 was a healthy year for local
with the 1,207
motivation for
wanting to buy a home,”
home buyers and sellers and I’m excited
Year
Total
reported throu
Uzunyan said.
in still
low
#"! !
1985
11,322
at the“Mix
prospects
for historically
2016,” said Gina
Fernando Valle
1986
13,985
23.5%
interest rates
on
home
loans
along
with
1987
13,334
-4.7%
Uzunyan, president of the 9,500-memDecember dow
1988
15,263
14.5%
pent-up demand
and there
are solid
reasonsof
ber Southland
Regional
Association
1989
12,753
-16.4%
over a year ago
1990
8,726
-31.6%
Realtors,
which
one of thein
largest
local
to expect 2016
to see
anisincrease
home
current pace of
1991
8,585
-1.6%
trade associations in the nation. “Sales
1992
7,774
-9.4%
sales.”
represents a 1.8
1993
8,899
14.5%
will increase
the New
A year ago it w
Uzunyanlikely
expected
to seeslightly
fewer in
instances
1994
10,860
22.0%
1995
9,775
-10.0%
while affordability issues may keep
supply. A 6-mo
in 2016 of Year
multiple
offers on properties as
1996
10,519
7.6%
price appreciation in the low single-digit
1997
11,545
9.8%
needed to bala
resale prices
rise
higher
and
experienced
1998
13,242
14.7%
range.
December h
1999
12,858
-2.9%
Realtors work“Iwith
to properly
price
spendclients
two hours
interviewing
2000
12,421
-3.4%
units marked a
2001
12,501
0.6%
a property prospective
rather than
using
buyers
and questionable
many of them tell
dating to 2005
2002
13,863
10.9%
2003
13,878
0.1%
that their rapidly
rising rent
is a major
marketingme
strategies
of underor oversales came in h
2004
13,283
-4.3%
motivation for wanting to buy a home,”
2005
12,786
-3.7%
pricing a listing.
vember, a statis
2006
9,632
-24.7%
said. “Mix
still historically
2007
6,271
-34.9%
by a desire by a
A total ofUzunyan
6,108 home
salesinclosed
escrow
2008
7,094
13.1%
interest rates on home loans along
ture tax benefi
2009
7,793
9.9%
in 2015, uplow
8.2
percent
over
a
year
ago.
It
2010
6,815
-12.5%
with pent-up demand and there are solid
of the calendar
2011
6,335
-7.0%
was the highest
annual
tally
since
2011.
reasons to expect 2016 to see an increase
2012
6,333
0.0%
to December 2
2013
6,064
-4.2%
Sales peaked
in 2003
San Fernando Valley
in home
sales.”with 13,878 homes
494 closed escr
2014
5,643
-6.9%
2015
6,108
8.2%
changing owners, although the record high
By Gina Uzunyan, President, and David R. Walker
Local R
Sales likely will increase slightly in
the New Year while affordability
issues may keep prices in check
$700,000
$600,000
$611,933
$500,000
$554,208
$400,000
$518,833
$300,000
$476,208
$375,000
$372,483
$200,000
$363,117
$236,958
$258,583
$100,000
$160,441
$0
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
16,000
14,000
15,263
13,878
12,000
13,863
13,334
10,000
13,242
8,000
12,786
12,501
12,421
10,810
9,632
8,726
6,000
7,793
7,774
4,000
6,335
6,333
6,271
0
1985
6,108
6,064
5,643
2,000
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND S
www.srar.com Realtor® Report
www.SRAR.com | Real Estate Questions? E-mail Gina Uzunyan, SRAR 2016 Presi
maintenance
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asabsorbed
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?
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Southland
the California Association
eationvelop
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preparedness
plan.
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family
ground,
but
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water
go
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Consider
spreading
a Housing AfRegional Association of Realtors® is a local trade asin the “Know
ducts and
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Before
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rule or TRID.
of Realtors’
sociation
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thanwherever
9,500 members
serving
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rule
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Oct.
3 and itthick
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longer
closings
fordability Fund, offers the
Fernando and Santa Clarita valleys. SRAR is one of the
Parties to real estate transactions can settle disputes quickly and
thousands
dollars over
in damage.
worktially
or traveling
in atoof
car.
due
concerns
minor clerical errors
in Closing
Disclosures.
The rule
requiresConsider installing
grants tobarqualified prospec• Turn
off automatic
sprinkler
systems.
informally by using a unique, free Ombudsman service provided by
lenders
to provide
borrowers
with a new
Closing
Disclosure that lists all the
tive home buyers.
ne area, move valuable
items
to a higher
locarelscombined
to capture
rain runoff.
charges, fees, and line items three days prior to closing.
Applicants must meetSouthland Regional Association of Realtors.
• Hot, dry,
persistent
temperatures
up
glazing
•issued
Alsoaconsider
hiring
a dry
certified
arborist
risk from
trees.
Richard Cordray,
CFPB’s
director,desert-like
letter
to the
Mortgage
Bankers
As- to assess certain
requirements.
For
compound
around
windows,
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may
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itkey
pull
away
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d downspouts. Remember
to Dec.
uncover
andsaid
The endless
drought
made
them
thirsty;
expectedinformation
rain will let visit www. Anyone in a real estate dispute with a member of the Association who has no
sociation
on
29
that
small
paperwork
errors
and
typos
in
sections
of
the
AC units
ood
and
rain
damage.
the
glass
and
become
susceptible
to
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Recaulk
as
needed.
rains, too. Seal seams
gutters rules
or holes
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they’ll weigh
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newin
disclosure
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lawsuitsyet
or regulatory
punishSRAR.com
s, not the
policy;
consider calling
An ombudsman will help resolve disputes in a timelier and less formal fashion
• Storeagencies
or secure
outdoor
furniture.
Chasing
an airborne lawn
cables
pierce
the
exterior.
ments
from
federal
that
buy
the
loans.
cause
branches
to
break.
Michelle
Gerhard via email
torhome
adding flood coverage.
which
chair
aofstorm
hardly
ranks
as fun. is negligible for good-faith
“We
believe
thatduring
the riskand
private
liability
to investors
or benefits all parties.
ers’
associa- heating/air
in
rooftop
conditioning
units
•
Assess
the
need
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stockpile
sand
bags
or
“sandless”
barriers,
thquake country like
For more information, contact Debra Howard, SRAR’s Professional Standa
formatting errors
andconverted
the like,” Cordray
wrotetotodesert-scape,
MBA. “We recognize
that
a certain
call 818-947-2271.
•
Yards
from
grass
rock
and
decomnits
often are
the source of interior leaks.
which
would be used
to expected.”
divert water.
ays worth
of supplies
level
of
minor
errors
in
the
early
days
of
implementation
is
to
be
administrator,
at 818-947-2226 or via email at [email protected].
posed
granite,
or
faux
grass
may
yield
unexpected
issues
from
nsuring that
f El Niño
Loan Storm
Errors Unlikely
to Trigger
of El Niño Storms
Preparation
Tips Liabilit
Test Series
Test Home Readiness
eadiness
˜
SRAR
Loan Errors Unlikely to Trigger Liability
Storm Preparation Tips
s
THE VOICE FOR REAL ESTATE IN
www.SRAR.com | Real Estate Questio
Sett
˜
SRAR Awards Home Buyer Gra
THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AN
Preparation Tips
˜
www.SRAR.com | Real Estate Questions? E-mail Gina Uzunyan, SRAR 2016
SRAR Awards Home Buyer Grant
Loan Errors Unlikely to Trigger Liability
Settle Real Estate Disputes Quickl
tion Tips
urking.
Average closing
times
loans have
grownGrass
since TRID
tookrain
effect,
by the
as many
drainage
oron
pooling
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absorbed
into
unit remains
five days, inground,
most areas
the nation.
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in closings
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led someaborparedness
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rowers havingthick
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here
wherever
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ld beand
parthow to re-unite,
Parties to real estate transactions can settle disputes quickly and
Realtors here•in
the San
Fernando Valley
reportsystems.
few problems
and only
short, ifbarany,
aregular
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Turn
off automatic
sprinkler
Consider
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items to a higherdelays.
locarels to capture rain runoff.
ntenance
The National Association of Realtors recently reported that sales of existing
Southland Regional Association of Realtors.
dule.
consider
hiringthan
a certified
arborist
to assess
riskslowest
from trees.
homes dipped• Also
significantly
by more
10 percent
in November
– the
in 19
Anyone in a real estate dispute with a member of the Association who has not yet
Most
mberimporto uncover and
The
endless
drought
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them
thirsty;
expected
rain
will
let
months – due collective
mostly to the
new regulations
have
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closing
times, who is or
ALTOR®
is or
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membership
mark that
which
identifies
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estate
professional
a Member
ofwant
the NATIONAL
OF REALTORS®
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does not
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can takeand
advantage
of to
theitsprogram.
y, owners
in
gutters
holes in registeredthem
drink
deeply,
yet
they’ll
weigh
much
more,
may
although typical seasonal effects often also contribute to fewer sales.
An ombudsman will help resolve disputes in a timelier and less formal fashion,
to locate
ior.
cause
branches
to
break.
“We think this is a very positive development,” Pete Mills, a senior vice president
which benefits all parties.
insurance
conditioning
units
Assess
need recent
to stockpile
sand to
bags
or “sandless”
barriers,
at and
the MBA,•said
aboutthe
CFPB’s
clarification
lenders.
The new clarification
For more information, contact Debra Howard, SRAR’s Professional Standards
y,
review
it
ce of interior leaks.from CFPB may
which
would
be used
to divert
water.
prompt
lenders
to
proceed
more
confidently.
administrator, at 818-947-2226 or via email at [email protected].
their agent
if necessary,
Realtor® Report
www.srar.com
nd coverage.
With
arations
Susan Gorin was among the first recipients of 2016 to receive a $2,000
plete, sit
Settle Real Estate Disputes Quickly
ICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLE
w.SRAR.com | Real Estate Questions? E-mail Gina Uzunyan, SRAR 2016 President, c/o [email protected]
Awards
Home
Buyer
Grant
R REALSRAR
ESTATE
IN THE
SAN
FERNANDO
AND SANTA CLARITA VALLEYS
Local Realtors Award Grant
MENT
Karin Pelloni was among the first recipients of 2016 to receive a
LOCAL
REALTORS
AWARD
GRANT
Local
Realtors
Award
Grant
$2,000
grant via the Southland
Regional
Association of Realtors
mation visit www.SRAR.com
contact
Michelle
Karin Pelloni
wasorBuyer
among
the
firstprogram.
recipients of 2016 to receive a
Home
Grant
@SRAR.com$2,000
or call 818-947-2271.
grant via the Southland Regional Association of Realtors
Pelloni used the money toHome Buyer Grant program.
ward purchase of a home in
Pelloni used the money toNorth Hollywood. Pictured
es
percent.
The December
ward purchase
of a home incondominium
with Pelloni,
center, are
North
Pictured
ual
total
ofHollywood.
183 sales was
up 5.2 percent over
2015
SRAR
President
center,
2002
a with
yearPelloni,
ago and
13.7are
percent higherGaye
than
ADVERTISING
SUPPLEMENT
left,
and Realtor
2015 SRARRainey,
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November.
ales closed Rainey, left,Nada
and Realtor
Lahoud
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Distressed
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cent over a
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pected,
gible role inPelloni
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ra
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in
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foreclosure-related
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e 2011. Sales SRAR, inwith
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ked
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tion
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13,878 homes
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hey
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nging owners,
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ordpercent
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eough
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ment
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rd high wasThe Southland
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information on this program, including
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members
acttheofrecent implementation
ars
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which
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For
information
visitsince
www.SRAR.com or For
contact
Michelle or contact
visit
Joey Lewis
- Director,
Member &
www.srar.com/grants
Michelle
Gerhard
at 818-947-2271
rded
in 1988
losure rules
has had
little
or
December
2007.
certain
requirements.
For
information
visit
www.SRAR.com
or
contact
Michelle
Community
Relations
at
818-947-2256
or
via
email
or
via
email
at
[email protected]
serving
the San
Fernando
and Santa Clarita valleys. or call 818-947-2271.
Gerhard
via
email
at
[email protected]
roles
in
on
local sales activity,” Rainey
Jim Link, the Association’s chief executive
d.
viaassociations
email
atinincrease
[email protected]
or call 818-947-2271.
iated
SRAR
oneanofGerhard
the largest
the nation.
that the new rules
have is
had
officer,local
believes
the recent
in the
rrent
ther
regions
of
California.
“Even
federal
funds
rate
will
have
negligible
impact
so
negotiated
ercent
ated disclosure
Youngcondominium
Renters Really Want to Buy!
ears
up
8.6
percent
positive condo annual sales
percent. The December
t local
sales,
it have seen
‘
…
Higher
local
activity
is
a
ease
Nearly
allup
renters—94
percent—34
years of age or younger questioned in
Realtors,
totals.
The
record
high annual
total
of 183 sales
was
5.2 The
percent
over
yonce
three
years
have
seen
positive
condo annual
sales
percent.
December
condominium
a new national survey said they wanted to own a home in the future.
sellers
a get used testament
to
demand
for aand
condo
total
was
reported
in
2002
year
ago
and
13.7
percent
higher
than
ng tasks on an
totals. The record high annual “Despite
total
of 183
sales was
up or
5.2
percent after
overthe worst of the
entering
the workforce
during
immediately
kely at
with 5,041 sales.of Valley housing’
November. financial and
desirability
dule.”
housing
crisis,
the desire
to become
a home
owner appears to be a
condo
total
was
reported
in
2002
a
year
ago
and
13.7
percent
higher
than
dian price of
“Sales and prices for 2015
Distressed personal
sales played
a negligoal for
a convincing majority of young renters,” said Lawrence Yun, the
onwith
housing
market sales.
interest rates or sales.
s!
sold"during November came in
5,041
November.
chief
economist
the with
National Association of Realtors. He noted that market
ended
a high
note
expected,
gible
role in the
market
last ofyear
hrink
“Even
withas
affordability
a growing
issue,
0,
down less than 1 percent
from onhome
• Median
price,
November
conditions are creating a “sizeable, pent-up demand for buying.”
“Sales
and
prices
for
2015
Distressed
sales played a negligivenintoday’s
realties,”
transactions capturing
The Valley home price peaked
the economic
hike announced
by the Federal foreclosure-related
Reserve
gs
NAR’s quarterly survey, the Housing Opportunities and Market Experience,
California:
$475,000
median of $600,0002015,
andsaid
has been
was
small
enough
to
have
minimal
impact,”
Jim Linkended
the Association’s
percent ofasks
theconsumers
December
market
if it’s
time to buy
or sell
a home
and about their expectaon a high note 2.5
as expected,
gible role
ina good
theand
market
last
year
with
Link said, “yet just enough that it might
wer
n since.
tionspercent.
and experiences
in the mortgage market.
chief executive
officer.
“People
short
payoffs
5.0
Traditional
• California
highest
median
home
nly a small drop, November
prompt
buyers
to
get
busy
before
rates
move
given today’s economic realties,” Theforeclosure-related
transactions
capturing
HOME survey data revealed
that an overwhelming
majority, 94 percent,
of time since Februaryare
first
2012
even homes
higher.” like San
notregion/county:
listing
they Fran- standard salesofhad
the
lion’s share
at 87.0
$611,933
price
by
current
renters
who
are
said
Jim
Link
the
Association’s
2.5
percent
of
the
December
market
and
r-to-year median
The busy November appears likely to
$554,208price was lower
ent
did in
the old
days with affordpercent of total
34closed
years ofescrows.
age or younger
ior year. $518,833
continue through the final month of the
cisco,
$1,323,830
chief
executive
officer. “People
short
5.0 percent. Traditional
want to
own apayoffs
home
in the
At
the median resaleability
replacement
dominium
price limits,
year.fewer
Pending
sales, a measure of future
The resale
Southland Regional
Association
of Realtors®
is a
future.standard
Overall, 83 sales
percenthad
of the lion’s share at 87.0
ber of $367,500 increased
13.1
activity,
was
7.1
percent
higher
than
2014.
•
California
lowest
median
home
are
not
listing
homes
like
they
local
trade
association
with
more
than
9,500
members
home
options,
and
the
impact
of
pply
$476,208
polled renters have a desire
mpared with November 2014.
Typically, pending sales fall off with the
$554,208
serving
the San Fernando
and
Clarita
valleys.
3
price
by region/county:
Siskiyou,
did
in thekey
old
days
affordpercent
of total
property
taxes
playing
roles
in with
to own,
andSanta
77 percent
be- closed escrows.
approach
of
cool,
wet
entory.
$518,833
$363,117
SRAR
is
one
of
the
largest
local
associations
in
the
nation.
lieve
home
ownership
is
part
weather
and
holidays.
decisions
to
stay
in
their
current
$165,000 ability limits, fewer replacement
The Southland Regional Association of Realtors® is a
nth
of their American Dream.
Other than affordhome.
local adults,
trade association
home options,
andissues,
theaimpact
of “Young
who makewith more than 9,500 members
ability
lack of
•$476,208
California
Traditional
Housing
ry is
“Inventory will not increase
inventory continues to
up theserving
majority
ofSan
all renter
the
Fernando and Santa Clarita valleys.
$372,483
property
taxes
playing key roles inhouseholds, are typically
Affordability
Third
orces.
$363,117
dramaticallyIndex:
unless there
isQuarter
alimit resale activity.
9
2011
2013
2015
SRAR
is
one
of
the
largest
localYun
associations
the nation.
were 1,464
future,”
said. But,in
despite
a sunnier view of their
decisions
to stayThere
in their
current more optimistic about their
2015:
29 percent
494
recession,
which
seems unlikely
activeat
listings throughown prospects, only half of all respondents (both renters and owners) believe the
home.
out the San Fernando
this juncture,”
said.
streak
economy is currently improving, and 44 percent think the economy is actually in
• Freddie
Mac he
Mortgage
rates,
Valley
atnot
the end
of
a recession.
“Inventory
will
increase
Inventory continues
to shrink
•
Median
home
price, November
mber
November, down 16.1
week ending 12/24/2015:
So what’s keeping some out of the market? The top two reasons given by rentwith
the
1,207
active
listings
dramatically
unless
there
is
a
percent
last
year.
2015,
California:
$475,000
ers for not
currently owning was the inability to afford it—53 percent—and needNo2007
2009
2011
2013
2015
– 30-year
fixed, 3.96%
At the current pace
reported
throughout
the
San
ing
the
flexibility
of renting, 19 percent. When asked what would likely be the
recession,
which
seems
unlikely
at
•
California
highest
median
home
driven
of sales, that repreFees/points:
0.6%
main reason for buying in the future, 33 percent of renters cited getting married,
Fernando
Valley at the
end of
sented
a 2.4-month
price
by
region/county:
San
Franthis
juncture,”
he
said.
starting a family, or retiring as a trigger. Another 26 percent said an improvement
cap– 15-yeardown
fixed,
3.22%
December
13.2
percent
supply, compared to
in their financial situation would make the difference. Also, consumers are not
cisco,
$1,323,830
Inventory
continues
to
shrink
last
year’s
3.0-month
end
• Median
home
price,
November
overFees/points:
a year ago December.
the
0.6% Atinventory
nearly as bullish
about the
mortgage
market
as they are about housing. Around
and the
• California
lowest2015,
median
home
with
the
1,207
active
listings
two-thirds
of respondents
predict it$475,000
would be very or somewhat difficult to obtain
current
pace
of
sales,
the
supply
ared
California:
desired 6-month sup– 1-yr. adjustable: 2.68%
a mortgage at this
time, and 5 percent of renters surveyed had recently tried and
price
Siskiyou,
ply that would
a by region/county:
reported
throughout
theyield
San
represents
a
1.8-month
inventory.
r, the
failed to obtain
financing for
a home. median home
Fees/points: 0.2% balanced market.
• California
highest
$165,000
A year ago itFernando
was a 2.0-month
Thankfully, confidence in the economy is not a prerequisite for an interest in
Valley
at
the
end
of
f 5.4
The Southland Regional
priceHousing
by
region/county:
Franhome
ownership;
76 percent
of renters who San
don’t think
the economy is improving
• California
Traditional
supply. A 6-month
inventory
is 13.2
Association
of Realtors®
is
December
down
percent
still
want
to
eventually
buy
a
home.
a local trade association
with
cisco,
$1,323,830
Affordability
Index:
Third
Quarter
needed to balance market forces.
more
than 9,500 membersAt the
Among all surveyed age groups, 84 percent believe owning a home is a good
over a year ago
December.
serving the San Fernando
2015: 29 percent
December home sales of 494
financial decision.
A majority
of both median
homeowners,
82 percent, and renters, 68
California
lowest
home
and
Santa
Clarita
valleys.
pace streak
of sales, the supply percent, say•they
believe that it’s a good time to buy a home, and 61 percent of
units markedcurrent
an unbroken
• Freddie Mac
Mortgage
rates,
SRAR is one of the largest
pricebelieve
by region/county:
Siskiyou,
current owners
it is a good time to sell.
represents
a 1.8-month
inventory.
local associations in the
dating to 2005
where December
week ending 12/24/2015:
nation.
$165,000
year ago
was a 2.0-month
sales came
inAhigher
than it
Nowww.srar.com
Realtor Report
– 30-year fixed, 3.96%
vember, a statistic
probably
driven inventory Fees/points:
•
California Traditional Housing
supply.
A 6-month
is
0.6%
LndESTATE
THE
SAN
FERNANDO
AND
a desire
byneeded
allEthics.
parties
capsubscribes to itsbyIN
strict
Code
of
– 15-year fixed,
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Affordability
Index:CLARITA
Third Quarter VALLEYS
to to
balance
market forces.
First-Time
HomeBuyer
Grants
California
Fast Facts
California
Fast Facts
California
Fast Facts
A CLARITA VALLEYS
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6,333
6,108
6,064
5,643
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ommercial
eal
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FREE
applications
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January
January
27, of
2016
different
properties including
*These Two Classes Offered
at Notypes
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real
estate20,
and2016
how it differs from
9:00residential
AM—10:30real
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9:00
AM—10:30
AMindustrial
retail, office and
January 20, 2016
January
27, 2016 Leasing *
Introduction
ALL
CLASSES LISTED
BELOW
ARE HELDFREE
ON WEDNESDAYS 9:009:00
AM
toAM—10:30
12:00 PM to
ATAM
THE SRAR OFFICE
The ABC’s
of
Commercial
Estate*
9:00 AM—10:30
AMReal
introduction
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NUYS,
CA 91406 to leasing
An introduction to the practical 7232 BALBOA BLVD., VANAn
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Introduction to Leasing
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The
ofand
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Real Estate*
different
types
of
properties
including
realABC’s
estate
how it differs
from
An introduction to leasing of commercial
An introduction
to the
practical
retail, office
and
industrial
residential
real
estate
February
24,
properties
which
touches
upon the
March
30, 2016
applications
of 2016
commercial
different
types
of
properties
real estate
and
how
it
differs
from
ALL CLASSES
LISTED BELOW ARE HELD ON WEDNESDAYS 9:00 AM to 12:00 PM AT THE SRAR including
Overview
of Commercial
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Gains OFFICE
retail,
and industrial
residential
real estate 7232 BALBOA BLVD., VAN NUYS, CADeferring
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RE Investment Analysis
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ALL CLASSES LISTED BELOW ARE HELD ON WEDNESDAYS 9:00 AM to 12:00 PM AT THE SRAR OFFICE
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9140625, 2016
May
April 27, 24,
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February
2016
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30, 2016
EffectiveofCommercial
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24,
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RE Investment
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April
27,
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June
29,2016
2016Analysis
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Impact
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Deferring
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Gains
Commercial
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March
30,
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thru 1031 Exchange
Deferring Capital Gains
May
2016
July
27,
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thru25,
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27,
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RE Investment Analysis
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26,
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31,
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28,
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Investment
August
31,
2016
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28,Analysis
2016
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Effective
Commercial
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AND PAY FOR 5 CLASSES AND GET 1 CLASS
FREE
(free courses
Lease
Agreements
Commercial
Transactions
October
26, 2016
Make
Checks Payable
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Blvd., Van
CA 91406 (Att’n Educ. Dept)
November
30Nuys,
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April
27, Agreements
2016Analysis
RE Investment
Purchase
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Management for
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30 Analysis
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not eligible)
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Analysis
Make Checks Payable to SRAR & Return with this Portion to SRAR, 7232 Balboa Blvd., Van Nuys, CA 91406 (Att’n Educ. Dept)
$25 Per
Class - Except January
20thFOR
& January
27th *Certificate
of Completion does Exp.Date___/____
not provide continuing education
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AND PAY
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AND GET
1 CLASS FREE
(free courses notCVV_____
eligible)credits
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Checks Payable to SRAR
& Return with this Portion to SRAR, 7232 Balboa Blvd., Van Nuys, CA 91406 (Att’n Educ. Dept)
$ Amount____________
Complete
Paying
By Signature______________________________________Email_______________________________
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Card20
& th
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Department
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- Except
January
& to
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27th *Certificate
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Realtor® Report
www.srar.com
the e-mail account of a real estate agent or
criminal. Also, avoid the following:
other
person
involved Regional
in a transaction,
then
The
Southland
Association
of•Realtors
Wednesday
supported
Do not send
sensitive information
serving the San Fernando and Santa Clarita valleys.
SRAR is one of the largest local associations in the nation.
recent decisions by city, county, state, and federal officials that will
speed efforts to stop the ongoing gas leak in Aliso Canyon, located
above Porter Ranch in the north San Fernando Valley.
A Merry Christmas to All …
The Aliso Canyon gas storage facility started
The
holidays
are on
upon
nothing
leaking
methane
Oct.us
23.and
The leak
oc- makes it more meaningin a pipe
casing
extends
8,500
fulcurred
and merry
than
thethat
bright
eyes
and golden smiles of kids!
re it’s
ed e-mail or
conduct
r unsecured
ty in any
who is wirhould never
the recipiverify the
cted, contact
hout delay.
feet year
below
surface inRegional
a storageAssociation
facility
Every
thethe
Southland
of Realtors with support
owned by the Southern California Gas Comfrom its charitable foundation and generous
pany, which has crews working 24/7 but is
members
throws a Christmas/Hanukkah/
unsure when the gas plume will be plugged.
Kwanza
bash for
students
local
schools.
“Recent
action
meansfrom
added
local,
state,
This
year it assistance
“snowed” in
Floatand federal
willVan
be Nuys!
available
to
ingresidents
flakes, a of
holiday
a Christmas
Porterlunch,
Ranch,”
said Gaye tree
Rainey,
decoration
and a generous
Santa
Claus
presidentproject,
of the Association,
noting
that
riding
onhouseholds
a L.A. County
truck
loaded
many
have fire
already
been
im- down
pacted.
and bestowed
plugging the
with
bags “Community
upon bags of safety
gifts were
come first.
We also
the public
and
on leak
80 giggling
children
—urge
40 from
Plummer
Realtors toSchool
withhold
judgment
the
Elementary
in North
Hillsregarding
and 40 from
long-term
effects
of the leak,
which at this
Panorama
City
Elementary
School.
juncturethanks
are difficult,
if the
not eight
impossible,
define.”
Special
are due
schooltostaff
The Association recently advised its 9,500 members to review and use an
members
who maintained order along with the
es End
addendum to the residential purchase agreement for properties located in
gh
Note updated
Realtors® is a
the San Fernando and Santa Clarita valleys.
andmembers
David R. Walker
00
The Gas Co. on Wednesday opened a community resource center, located at
ation
of Realtors®
rita
valleys.
19731 Rinaldi St., at the top of Tampa Avenue, south of Ralphs in the Porter
rs December
in the nation.
or a week or
o Valley home
e poised to
ncrease in six
atistics from
nal Association
Ranch Town Center. It will be open from 10 a.m. to 8 p.m. Monday through
Friday and from 10 a.m. to 4 p.m. on weekends. The center will offer guidance on
the relocation process, how to file a claim, and how to get free home air filtration
and weather stripping to reduce odor. For more information, call the Gas Company hotline at 818-435-7077 or email at [email protected]. For current
information, including air sampling results, and to sign up for automated weekly
emails
and newsletters
the Gas
Company
www.AlisoUpdates.com.
have been
higher than from
November
every
bevisit
at least
4.4 percent higher than all of
The Gas Co. on Wednesday opened a community reso
19731 Rinaldi St., at the top of Tampa Avenue, south of
Ranch Town Center. It will be open from 10 a.m. to 8 p.
Friday and from 10 a.m. to 4 p.m. on weekends. The cent
the relocation process, how to file a claim, and how to ge
and weather stripping to reduce odor. For more informat
pany hotline at 818-435-7077 or email at alisocanyon@s
information, including air sampling results, and to sign u
emails and newsletters from the Gas Company visit www
principals from each school,
Ibia Gomez at Plummer
and Sylvia O. Guzman at
Panorama Elementary. The
celebration that ensued was
… well, let’s just say, raucous! The fun for everyone
would not have been possible except for the devotion
and dedication of multiple
volunteers at SRAR and
support from association
staff. Thank you!
We have much to be
grateful for as
2015 slips into
history and 2016
dawns.
Merry ChristSouthland Regional Association ofmas!
REALTORS®,
A blessedin partnership with
the California
the California
Association
Association
of REALTORS®
of REALTORS®
Fund,
Fund,
Hanukkah!
A buyers.
is currently
is currently
offering $2,000
offering
grants
$2,000
to grants
qualified
to first-time
home
home buyers.
joyous Kwanza!
Applicants must meet certain requirements,
income limitations.
And,including
of course,
a very Happy
including aa full
New Year!
visit www.srar.com/grants or contact Michelle
Joey Lewis
- Director,
Member &
Gerhard
at 818-947-2271
First-Time
HomeBuyer
Grants
year dating back to 2006.
2014.
As of the end
That’s great news, yet it’s worth noting
Pending sales at the end of November
of Novemthat annual home sales totals have been
throughout California were higher than
ber, Realtors principals
trending
lower
since
peaking at 13,878
the prior year for the 13th consecutive
from
each
school,
Community
at 818-947-2256 or via email at [email protected]
or via email Relations
throughout theIbia in
2003. at Plummer
month.
Gomez
San Fernando and Sylvia O. Guzman at
Pending sales typically
Valley had
fall off at the end of each
Panorama Elementary. The
assisted a total
year following seasonal
of 5,614 single-celebration that ensued was
patterns. Some regions said
marklower
whichthis
identifies
say, rau-is a federally registered collective membership
family closed … well, let’s justREALTOR®
sales were
year a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict C
escrows.
due to complications from
cous! The fun for everyone
That was a would not have been posnew disclosure rules that
mere 29 sales
went into effect in early
sible except for the devotion
short of the
October, although those
and
dedication
of
multiple
12-month tally
No doubt, the Great Recession, a slugrules appear to have had little or no local
at SRAR
and
015 will end on avolunteers
gish recovery,
the vanishing
middle class,
impact.
support
from
association
limited
inventory,
and diminishing housA statewide survey also saw a small
— a measure of staff.ing
affordability
Thank
you! contributed to that trend. increase in the number of sales with
ctedly high, it’s
Valleymuch
condoto
sales
multiple offers compared with October
We have
be also will most likely
e-family home
post an annual increase over a year ago.
and an increase in the number of offers
grateful
for
as
er than a year ago.
There were 1,970 closed condo escrows
received. Bottom line? 2015 will be reintoof November, just 13 sales shy
not been in posi-2015atslips
the end
membered fondly. 2016 may well be even
history
and12-month
2016 total for 2014 of 1,983
of the
more upbeat. Happy New Year!
otals typically dawns.
condo sales.
nd other factors in Merry
Jim Link,
the Association’s chief execulocal trade association with more than 9,500 members
Christserving the San Fernando and Santa Clarita valleys.
December sales mas!tive
officer, expected the condo total to
Realtors from throughout the Santa Clarita Valley contributed to the 23rd annual Spark of Love
A blessed
THE
VOICE
FOR
REAL ESTATE IN THE
SANClarita
FERNANDO
SANTA
CLARITA
Pending
sales
… throughout
Santa
ValleyAND
Spark
of Love
www.SRAR.com
| Real
California
were higher
thanEstate Questions? E-mail Gaye Rainey, SRAR 2015 President, c/o DavidW@SR
the prior year for the 13th
consecutive month
Hanukkah! A
joyous Kwanza!
%UHDNIDVWAnd, of course,
a very Happy
New Year!
ial R.E.
Higher
The high cost of housing appears to be
construction. Holcommercial real estate’s Achilles’ heel.
lywood remains the
“Toyota left Torrance for Austin …
most active market,
Why?” she asked. “Workers couldn’t afford
but products in
to buy a home near where they worked.”
other submarkets
les commerCurrently, only 24 percent of houseare contributing
et is riding high
holds in L.A. County can afford to buy
to a stream of new
ators likely to
a median-priced home, compared to 50
space.
ward through
percent in 2012.
“The office mar“We’ve priced would-be buyers out
ket in Greater L.A. is firmly in expansion
outlook throughmode,”
AppletonMember
of the NATIONAL
ASSOCIATION
OF REALTORS® and subscribes to its strict Code of Ethics.
amily leading the
Young said. “Yearn-Young, chief
to-date fundamennia Association
tal metrics are all
moving in positive
ented a market
directions: vacancy
#!
he final monthly
rates are at or near
&)"-/
("+/
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he year held by
#!
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post-recession
estment Division
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net absorption is
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office space
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n sq. ft. is under www.srar.com
2006.”
Realtor® Report
RNANDO AND SANTA CLARITA VALLEYS
Toy Drive, which has collected more than 9 million toys. The goal was to exceed last year’s collection of 450,000 toys collected from all sources that are distributed by Southern California
Firefighters to underserved children and teenagers in Los Angeles, San Bernardino, Orange,
Ventura and Riverside counties. Pictured above, from left to right, are some of the volunteers
who assisted this year’s campaign: Fiona Alvarez, Imelda Leano, Nicole Stinson, Dean Vincent,
the 2016 president of the Santa Clarita Valley Division of the Southland Regional Association of
Realtors, Debbie Hawkins, and Nancy Starczyk, SRAR’s 2016 president-elect.
of the market,” Appleton-Young said.
“Millennials will be leaving, moving inland
and out of state. … They’ll have a similar
lifestyle and amenities, but it doesn’t cost
as much.” She reported an uptick in new
housing construction permits, but over half
projects, not single-family homes.
she said, noting how the process often is
criticized for removing smaller units or
old houses from inventory and sometimes
she said. “It’s what’s supposed to happen.”
formations, 2015 saw an acceleration that
“Household
formations will
impact
January/February
2016
retail sales and demand for apartments,”
she said. “We’ve got a lot of new apartment construction. But want to buy a
condominium? Forget about it. You won’t
CRISNet MLS
ey, SRAR 2015 President, c/o [email protected]
WRQ<RXQJ
Meeting Raises $1,000
in Toys, Donations
IS HARD AT WORK FOR YOU, THE MEMBER
Simply use this link to submit your
QUESTIONS OR suggestions
The last monthly Commercial Real
Estate Networking meeting of 2015
was the best attended while also raising $1,000 in toys and donations, said
Brian Hatkoff, who lead the event. Instead of charging admission, attendees
contributed a new toy or wrote a check,
with money raised from the commercial real estate community benefiting
multiple charities. Thank you one and
all for participating!
http://www.srar.com/include/suggestion_box/?s=mls.
CE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS
Renters, Owners
are supported by wooden posts that could
Oaks, passed both houses of the State
to Share
Quake
crack in a quake, sending
the upper
floors Legislature last year, but was not signed by
crashing down. Sixty-five
peopleBurden
died and Governor Brown.
Retrofit
Renters, Owners
to Share Quake
Retrofit Burden
about 200 soft-story apartment
buildings
In sending the retrofit tax credit and eight
Apartment
owners and renters
were
destroyed
in
the
1994
6.7-magnitude
other
measures back to the Legislature,
will share in the cost of retrofitting
Northridge
Earthquake.
Brown
noted that “despite strong revenue
some
older
buildings
to
make
them
more likely to withstand the next
Without
retrofitting,
city
leaders
fear
much
performance
over
few
years,
the
fear
much
of
the
city’s affordable
rentalthe past
Nearly all
of the units
effected by
the
Apartment owners and renters will share in the
big earthquake as a result of a
units could be lost in a quake of similar
law are under rent control rules.
unanimous
the
rental
unitsdecision
couldby be
state’s budget has remained
precariously
cost of retrofitting some older buildings to of the city’s affordable recent
magnitude.
A retrofit tax
credit bill proposed by
Los Angeles City Council.
The law places a cap on rent hikes of
Assemblyman Adrin Nazarian, D-Shermake them more likely to withstand the next big lost in a quake of similar magnitude.The decision $38
balanced.”
per month while improvements are
man Oaks, passed both houses of the State
to impleearthquake as a result of a recent unanimous
done
over
a
7-year
period.
Concrete
struclast year, buthe
was not
signed by
The law places a cap on rent hikesment
ofwhat
$38
The bills he refusedLegislature
to sign,
said,
are
Governor Brown.
decision by the Los Angeles City Council.
hailed
as the
In
sending
the
per month while improvements are
done
created
a
new
tax
credit
or
expands
an
Owners could have hiked rents by retrofit tax credit
most stringent
The decision to implementwhat are hailed over a 7-year period. Concrete structure
mandatory
existing
tax
credit,
an
action
“given
the
and eight other
$75
per
month,
but
the
laws in
measures back to
as the most stringent mandatory seismic laws retrofits could be spread over 25seismic
theyears.
nation was
financial uncertainties,
cannot support.
compromise
cuts that inI half
the Legislature,
reached
after
Brown noted that
in the nation was reached after more than Experts have placed the cost of retrofitting
“Tax
newstrong
spending
on
more than a
ture retrofits
couldcredits,
be spread over 25 like
years.
“despite
revenue performance
over
year of intense
a year of intense debate between building individual soft-story wood
Experts have placed the cost of retrofitthe past few years, the state’s budget has
Realtor®units
Gina Uzunyan
at between
p rindividual
o g r asoft-story
m s ,wood
n eunits
e dat t o remained
b e precariously
c o n sbalanced.”
idered
debate between
ting
owners,renters, engineers, and city leaders. $3,000 and $10,000. 2016 President, SRAR building own- between
$3,000 and $10,000.
The bills
sign, he said,
comprehensively
as part
ofhe refused
theto budget
ers, renters,
Under existing L.A. law property
created a new tax credit or expands an
The decision for landlords and renters
and city leaders. owners
owners
could have hiked rents by
$75 per
existing tax credit, an action “given the
Under existing L.A. engineers,
law
property
deliberations,”
Brown
noted.
The decision for landlords and renters
month, but the compromise cuts that in
financial uncertainties, I cannot support.
to share in the cost of retrofitting covers could have hiked rents by
to share
in theper
cost of
$75
month, but
retrofitting covers weak
weak concrete buildings and pre-1978 the compromise cuts that
concrete
inbuildings
half.and
pre-1978 wood-frame
wood-frame residential buildings with four
While questions remain
about
residential buildings
with four or more units.
or more units. According to a report in the the city’s ability to administer
According to a reportthe
L.A. Times the cost of retrofitting could be program and overseein retrofitting,
the L.A. Times the
cost of retrofitting could
as much as $130,000 for a wooden structure property owners will need
be as much as $130,000
to apply
a wooden structure
and millions of dollars for a larger concrete for permits within twofor
andyears
millions ofof
dollars
the
for a larger concrete
building.
building.upgrades
order and complete the
An estimated 15,000
An estimated 15,000 buildings throughout within 7 years.
buildings throughout
Los Angeles fall into
Los Angeles fall into You
the category
of
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which are supported
by wooden posts that
could crack in a quake, sending the upper
half.
“Tax credits, like new spending on profloors crashing down.
SM
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ability to administer the program and
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of REALTORS®
Fund,
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qualified
to first-time
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home buyers.
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visit www.srar.com/grants or contact Michelle
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oNLY
5
!
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l
Posting
The following Real Estate Brokers have applied for Realtor® membership. If you have any objections to an applicant's admittance, the objection should be submitted in writing to the Membership Committee at once. In the event a qualified complaint is
received, the complaint will be forwarded to the applicant and to the Chairman of the Membership Committee to ascertain that the complaint comes within the purview of the 7 point criteria established by the National Association of Realtors®. If it does
not, the complainant is notified and the applicant is admitted to membership. If it does, the Membership Committee Chairman shall appoint a panel of 3 members from the committee to interview the applicant. The Panel shall make its recommendation to
the Membership Committee, which shall then forward its recommendation to the Board of Directors. If the committee recommends disapproval of the application, the Board of Directors will review the recommendation and render a final decision.
10
first posting
second posting
Cavanaugh, James William
Broker In Trust
9440 Reseda Blvd. #200
Northridge, CA. 91324
Mizrahi, Sassi
Citiwide Realty
17834 Burbank Blvd. #229
Encino, CA. 91316
Cruz, Victor J.
VJC Realty
15845 Liggett St.
North Hills, CA. 91343
Moshayedi, Amir Mike
Ultimate Approach, Inc.
2219 E. Thousand Oaks Blvd., Suite 102
Thousand Oaks, CA. 91362
Fox, Linda Susan
Linda Susan Fox
9440 Reseda Blvd.
Papasian, Vahak A.
Vahak Papasian
18170 Rosita St.
Tarzana, CA. 91356
Givon, Eyal
Eyal Givon, Broker
4260 Ventavo Rd.
Moorpark, CA. 93021
Raudsep, John Oliver
John Raudsep
3634 Woodcliff
Sherman Oaks, CA. 91403
Gozumian, Garen
Garen Gozumian
625 S. Hill St. Ste. 249
Los Angeles, CA. 90014
Stamp, Susan Sandel
Cal State Realty Services
10509 Vista Sorrento Pkwy #200
San Diego, CA. 92121
Green, Jeffrey Michael
Allison James Estates & Homes
78060 Calle Estado #7
La Quinta, CA. 92253
Urena, Roberto Esquivel
Twin Homes & Loans
8101 Potter Ave.
North Hollywood, CA. 91605
Levy, James Scott
Townsgate Associates
13347 Ventura Blvd., Ste. 202
Adler, Jeffrey Gary / Rodeo Realty / Northridge
Aouad, Nancy / Dilbeck Real Estate / La Canada
Baeza, Julio / Park Regency Realty / Granada Hills
Barazani, Oren Efraim / Berkshire Hathaway HomeServices California Properties / Sherman Oaks
Beglari, Vickey / Keller Williams Realty Encino-Sherman Oaks / Encino
Berlin, Daniel Saul / Rodeo Realty / Woodland Hills
Bhakta, Jaya Palak / Keller Williams Realty Calabasas / Calabasas
Bolling, Diondra / Dwell California Real Estate & Investments, Inc. / Tarzana
Boteler, Charleszetta / Century 21 Cosgrove / Woodland Hills
Chekmeyan, Suzanna / Keller Williams North Valley / Porter Ranch
Chubay, Vasiliey / Empire Estates Group, Inc. / Woodland Hills
Condon, Bruce Kelly / Pinnacle Estate Properties / Northridge
Dehnahi, Noori Iman / Berkshire Hathaway HomeServices California Properties / Sherman Oaks
Denny, Janna R. / The Olson Agency / Northridge
Duran, Melissa / Keller Williams North Valley / Porter Ranch
Dutta, Kalwinder / Re/Max Traditions / Simi Valley
Frederick, Robert Sheldon / Keller Williams Realty / Northridge
Freifeld, Adva / Century 21 Peak / Woodland Hills
Gabay, Emily Renee / Pinnacle Estate Properties, Inc. / Encino
Gerges, Shereen / Westmark Homes / Woodland Hills
Ghovanloo, Ashkan / Rodeo Realty / Calabasas
Goitia, Anibal P. / Pacific Realtors / Agoura Hills
Graves, Talisha U. / Dwell California Real Estate & Investments, Inc. / Tarzana
Grey, Maria Eileen / NextHome Terra / Simi Valley
Grizzelle Johnson, Angel Y. / Coldwell Banker / Sherman Oaks
Guajardo, Marta Marie / HomeSmart NCG Inc. / Valencia
Guray-Diaz, Ernesto / California Dream Realty / Quartz Hill
Hawks, Shelby Taylor / Century 21 Peak / Woodland Hills
Heltzel, Kayla Jacqueline / Keller Williams Realty / Simi Valley
Kaufman, Brandon James / Keller Williams Encino-Sherman Oaks / Encino
Kaul, Ravi / Metro Pacific Real Estate / Valencia
Malek, Carolyn L. / JBE Realty, Inc. / Toluca Lake
Mann, Lisa Wada / HomeSmart NCG / Valencia
Maraia, Robert / Pinnacle Estate Properties, Inc. / Calabasas
Realtor® Report
Boiarsky, Gary
Gary Boiarsky
17412 Ventura Blvd. #428
Encino, CA. 91316
Piros, Mira D.
Mira D. Piros
4461 Mammoth Ave.
Burke, Stewart Lee
Ark Realty
4507 Longridge Ave.
Rapaport, Adam Chaim
Premiere Home Sales, Inc.
7116 Valjean Ave.
Van Nuys, CA. 91406
Dagmi, Roey Leor
Legend Realty Group, Inc.
2219 West Olive Avenue #377
Burbank, CA. 91506
Rohani, Baback M.
Performance Realty
1960 E. Grand Ave. #1225
El Segundo, CA. 90245
Fine, Alan Scott
Alan Fine Realty
20658 Lugano Way
Thibodeau, Dawna
Harcourts Crown Jewel
965 Foothill Blvd., Suite C
LaCanada, CA. 91011
O’Brien, Margaret Susan
Margaret Susan O’Brien
4614 Mirador Place
Tarzana, CA. 91356
Verdi, Alfred Joseph
Sea Cliff Realtors
18840 Ventura Blvd., Ste. 202
Tarzana, CA. 91356
Martinez, Felix / Keller Williams North Valley / Porter Ranch
Mashkour, Ramin / Titan Realty & Investment / Northridge
Matian, Sohrab / Pinnacle Estate Properties, Inc. / Encino
Mejia, Maria Angela / Ultra Realty Group / San Fernando
Menchavez, Maria Valleser / Metro Valley Mortgage & Realty, Inc. / Chatsworth
Montgomery, Elliott Harcourt / NextHome Terra / Simi Valley
Mullin, Michael E. / Berkshire Hathaway HomeServices California Properties / Northridge
Nikolof, Ivan / Coldwell Banker Calabasas / Calabasas
Parker, Fradel Susan / Prestige Estate Agency / Los Angeles
Petersen, Beverly Ann / Realty World-Legends / Valencia
Petersen, Patrice Ruth / Realty World-Legends / Valencia
Petri, Nurit / Rodeo Realty / Calabasas
Phillips, Tiffany Marie / Jill Mitchell / Agoura Hills
Quick, John R. / Chardonnay Real Estate / West Hills
Ramirez, Yamel A. / Keller Williams World Media Center / Burbank
Rhudy, Jordan Michael / Nationwide Real Estate Executives / Los Angeles
Rosen, Troy Eric / Pinnacle Estate Properties, Inc. / Northridge
Rubalcaba, Gustavo / L.A. Valley Realty Inc. / Van Nuys
Saavedra, Hernan / Allison James Estates & Homes / La Quinta
Salas, Raymond / Realty Executives / Newhall
Salas-Ghione, Renata / Century 21 Hilltop / Simi Valley
Sanchez, Suly Bristy / San Fernando Realty, Inc. / San Fernando
Sargsyan, Haroutun / Century 21 Peak / Woodland Hills
Schnaider, Jose Alexander / Summit View Estates / Northridge
Stairs, Anjeanette Lynne / Pinnacle Estate Properties, Inc. / Encino
Tanavoli, Jim Jamshid / California Dream Homes / Woodland Hills
Vargas, Sandra / Valley Star Realty Inc. / Mission Hills
Velezmoro Palma, Gerardo / Century 21 Valley Properties, Inc. / West Hills
Yabut, Alicia Sylva / Real Estate Brokers, Inc. / Chatsworth
Zarycka-Eliot, Jeanette / HomeSmart NCG Inc. / Valencia
www.srar.com
11
EN
ES
CS
MONTHLY RESIDENTIAL SALES STATISTICS
WN
WS
DECEMBER 2015 SFV RESIDENTIAL MLS SUMMARY
SFV TOT
857
EXT
RESIDENTIAL PROP.
ESCROw OPENED
TOTAL
1,111
RESIDENTIAL PROP.
ESCROw CLOSED
SELLING TIME - PRICE CHANGE - PRICE REDUCTION
AVG. SELL TIME
ACTIVE NO. LISTINGS
TOTAL # SOLD
REDUCED $
$ AVERAGE PRICE REDUCTION %
$7,284,526,000
2015 RMLS TOTAL - $ VOLUME
SALES
13,243
*THE ASSOCIATION DOES NOT VERIFY ACTUAL CLOSED ESCROwS.
CS: Encino, Lake Balboa, Reseda, Tarzana, Van Nuys wN: Chatsworth, Granada Hills, Mission Hills, North Hills, Northridge wS: Bell Canyon, Calabasas, Canoga Park, Hidden Hills, Monte Nido, West Hills, Winnetka, Woodland Hills
EN: Arleta, Kagel Canyon, Pacoima, Panorama City, San Fernando, Sun Valley, Sylmar, ES: Cahuenga Pass, Lake Hollywood, North Hollywood, Sherman Oaks, Studio City, Toluca Lake, Valley Glen, Valley Village, Van Nuys
LISTINGS
17,606
LESS THAN 100,000 ................................................................ ........................133 ..............................................45 ............................................. 8............................................ 6.............................. 1064................................................ 5.3
100,000 TO 109,999 ................................................................. ..........................21 ................................................9 ............................................. 1............................................ 1.............................. 7400................................................ 6.5
110,000 TO 119,999 ................................................................. ..........................76 ................................................8 ............................................. 2............................................ 1.............................. 6725................................................ 5.3
120,000 TO 139,999 ................................................................. ..........................91 ..............................................37 ........................................... 16.......................................... 12............................ 19481.............................................. 11.1
140,000 TO 159,999 ................................................................. ..........................67 ..............................................51 ........................................... 12............................................ 6............................ 18944................................................ 7.2
160,000 TO 179,999 ................................................................. ..........................68 ..............................................45 ........................................... 17............................................ 5.............................. 4518................................................ 2.2
180,000 TO 199,999 ................................................................. ..........................49 ..............................................52 ........................................... 27.......................................... 13............................ 12046................................................ 5.3
200,000 TO 249,999 ................................................................. ..........................48 ............................................136 ........................................... 75.......................................... 43.............................. 3779.............................................. 12.4
250,000 TO 299,999 ................................................................. ..........................46 ............................................159 ........................................... 73.......................................... 39.............................. 8504................................................ 2.3
300,000 TO 349,999 ................................................................. ..........................42 ............................................122 ........................................... 78.......................................... 46.............................. 6654................................................ 0.9
350,000 TO 399,999 ................................................................. ..........................44 ............................................136 ........................................... 87.......................................... 37.............................. 2632................................................ 3.2
400,000 TO 449,999 ................................................................. ..........................47 ............................................137 ......................................... 105.......................................... 67............................ 11140................................................ 2.3
450,000 TO 499,999 ................................................................. ..........................36 ............................................164 ........................................... 92.......................................... 44.............................. 6014................................................ 1.1
500,000 TO 549,999 ................................................................. ..........................52 ............................................119 ........................................... 78.......................................... 41............................ 10848................................................ 1.5
550,000 TO 599,999 ................................................................. ..........................49 ............................................114 ........................................... 52.......................................... 27............................ 16254................................................ 2.4
600,000 TO 699,999 ................................................................. ..........................50 ............................................177 ........................................... 84.......................................... 46............................ 16593................................................ 2.3
700,000 TO 799,999 ................................................................. ..........................43 ............................................119 ........................................... 66.......................................... 43............................ 27453................................................ 3.2
800,000 TO 899,999 ................................................................. ..........................42 ..............................................99 ........................................... 45.......................................... 33............................ 30235................................................ 2.6
900,000 TO 999, 999 ............................................................... ..........................40 ..............................................64 ........................................... 28.......................................... 17............................ 17139................................................ 1.0
1,000,000 TO 1,999,999 ........................................................... ..........................51 ............................................257 ........................................... 64.......................................... 48................................ N/A................................................ 9.0
MORE THAN 2,000,000 ............................................................ ..........................69 ............................................156 ........................................... 30.......................................... 25.......................... 245144................................................ 6.3
TOTALS................................................................................... ..........................48 ..........................................2206 ....................................... 1040........................................ 600.......................... 221583................................................ 0.2
SELLING PRICE RANGE:
FORECLOSURE/REO .............................................................. .................. 5............................... 3.............................3...................................... 3...............................3 ................................. 17........................... 15 ...................................32
SELLER CONCESSIONS ........................................................ .................. 0............................... 0.............................0...................................... 0...............................0 ................................... 0............................. 3 .....................................3
SHORT SALE ........................................................................... .................. 5............................... 2.............................8.................................... 10...............................9 ................................. 34........................... 35 ...................................69
STANDARD .............................................................................. ................ 93........................... 117...........................94.................................. 133...........................152 ............................... 589......................... 340 .................................929
OTHER ..................................................................................... .................. 7............................... 3.............................5.................................... 17...............................5 ................................. 37........................... 41 ...................................78
CLOSED SALES TYPE
NEW ESCROWS CLOSED ...................................................... .............. 110........................... 125.........................110.................................. 163...........................169 ............................... 677......................... 434 ..............................1,111
TOTAL YTD ESCROWS CLOSED............................................ ........... 1,274........................ 1,716......................1,352............................... 1,855........................1,981 ............................ 8,178...................... 4,789 ............................12,967
VOLUME OF NEW SALE DOLLARS IN MILLIONS.................. ......... 40.006...................... 94.663....................80.639............................. 82.257....................140.868 ........................ 438.434.................. 176.623 ..........................615.058
VOLUME OF TOTAL YTD SALES IN MILLIONS ...................... ....... 463.076................. 1,269.479..................945.217........................ 1,029.320.................1,029.065 ..................... 5,191.156............... 2,093.370 .......................7,284.526
AVERAGE SALE PRICE IN THOUSANDS ............................... ........... 363.7........................ 757.3......................733.1............................... 504.6........................833.5 ............................ 647.6...................... 407.0 ..............................553.6
MEDIAN SALE PRICE IN THOUSANDS .................................. ........... 382.0........................ 580.0......................478.0............................... 500.0........................624.0 ............................ 500.0...................... 310.0 ..............................440.0
COOP SALES .......................................................................... ................ 87........................... 103...........................85.................................. 117...........................145 ............................... 537......................... 315 .................................852
PERCENT OF COOP SALES................................................... ............. 79.1.......................... 82.4........................77.3................................. 71.8..........................85.8 .............................. 79.3........................ 72.6 ................................76.7
AVERAGE DAYS ON MARKET ................................................ .............. 111........................... 101.........................112.................................... 96...........................104 ............................... 104......................... 124 .................................112
SALES AT LIST PRICE............................................................. ................ 61............................. 60...........................51.................................... 76.............................69 ............................... 317......................... 191 .................................508
PERCENT OF SALES AT LIST PRICE ..................................... ............. 55.5.......................... 48.0........................46.4................................. 46.6..........................40.8 .............................. 46.8........................ 44.0 ................................45.7
SALES TO LISTING INVENTORY RATIO................................. ............. 51.6.......................... 49.0........................55.6................................. 63.2..........................59.7 .............................. 56.1........................ 43.4 ................................50.4
FINAL SALE TO NEW LISTING RATIO .................................... ........... 118.3........................ 121.4......................135.8............................... 140.5........................161.0 ............................ 135.9...................... 143.2 ..............................138.7
CLOSED SALES:
NEW ESCROWS OPENED...................................................... ................ 73............................. 95...........................98.................................. 135...........................119 ............................... 520......................... 337 .................................857
TOTAL YTD ESCROWS OPENED ........................................... ........... 1,297........................ 1,726......................1,419............................... 1,914........................2,007 ............................ 8,363...................... 4,953 ............................13,316
NEW OPEN ESCROWS AVERAGE DAYS ON MARKET......... ................ 44............................. 58...........................42.................................... 43.............................62 ................................. 50........................... 58 ...................................53
NEW OPEN ESCROWS AVERAGE LIST PRICE ..................... ........... 405.0........................ 847.1......................726.3............................... 596.1........................839.6 ............................ 695.4...................... 461.1 ..............................603.2
PENDING SALES:
NEW LISTINGS ........................................................................ ................ 93........................... 103...........................81.................................. 116...........................105 ............................... 498......................... 303 .................................801
TOTAL ACTIVE LISTINGS........................................................ .............. 213........................... 255.........................198.................................. 258...........................283 ............................ 1,207......................... 999 ..............................2,206
AVERAGE DAYS ON MARKET ................................................ ................ 99............................. 86...........................92.................................... 93.............................93 ................................. 92......................... 114 .................................102
AVERAGE LIST PRICE IN THOUSANDS................................. ........... 413.2........................ 987.4...................1,187.7............................... 719.3.....................1,393.5 ............................ 956.8...................... 627.3 ..............................807.6
MEDIAN LIST PRICE IN THOUSANDS.................................... ........... 400.0........................ 685.0......................675.0............................... 605.0........................739.9 ............................ 599.0...................... 360.0 ..............................500.0
BOMS....................................................................................................... 26............................. 22...........................23.................................... 34.............................36 ............................... 141........................... 75 .................................216
AVERAGE BOM PRICE IN THOUSANDS................................ ........... 373.3........................ 758.2......................676.1............................... 639.2........................982.9 ............................ 702.5...................... 403.3 ..............................598.6
BOM TO SALE RATIO.............................................................. ............. 23.6.......................... 17.6........................20.9................................. 20.9..........................21.3 .............................. 20.8........................ 17.3 ................................19.4
EXPIRATIONS .......................................................................... ................ 23............................. 43...........................29.................................... 56.............................53 ............................... 204......................... 179 .................................383
ACTIVE INVENTORY:
801
RESIDENTIAL
PROPERTIES LISTED
12
Realtor® Report
www.srar.com
1,235
1,269
1,104
1,029
883
864
1,045
1,936
2,051
2,153
1,993
1,726
1,677
1,431
1,298
MAY
JUNE
JUL
AUG
SEPT
OCT
NOV
AVG.
SALE
PRICE
TOTAL
DEC
1,188
2,212
APR
431.2
356.8
371.9
430.4
443.8
484.5
563
523.7
526.9
523.3
349.7
410
$
VOL
MIL.
$429,200
22.318 12.617 5415.2
1,034
1,131
2,231
MAR
872
963
1,780
1,830
SALES
FEB
JAN
LIST
2010
LIST
1,023
1,114
1,033
1,145
1,048
1.017
63.8 1,732
61.9 1,752
51.3 1,592
51.6 1,707
59.9 1,512
52.7 1,363
1,112
435.7
382.2
385.3
430.4
452.6
422.7
439.1
422.3
394.2
430.7
303.5
368.7
$
VOL
MIL.
$395,470
55.6 19,053 12,308 4867.4
80.5 1,075
985
1052
53.7 1,740
60.4 1,273
1,050
753
976
SALES
1,875
50.7
49 1,646
52.6 1,786
%
SALES
TO
LIST
2011
66.3
103.4
77.4
74.6
69.3
67.1
64.9
63.6
59.1
60.5
56
45.7
54.3
%
SALES
TO
LIST
452.9
502.7
419.7
508.3
515
484.0
497.9
448.8
427.4
262.9
322.1
$
VOL
MIL.
$392,470
771 1263 534.9
15,732 13,674 5366.5
1,114
1,246
1,339
1,087
1,058
1,273
1,266
1,216
1,280
1,140
1085
856
877
SALES
1,276
1,308
1,314
1,367
1,429
1,387
1,515
1,458
1,481
LIST
2012
LIST
$479,270
470.8
353.8
71.9
84.0
73.0
73.0
75.6
74.9
76.5
92.6
133.4
80.71
$525,464
127.5
69.3
67.8
74.4
66.3
69.6
867 1,105 581.4
16,902 11,726 6,161.6
553
536.8
536.8
600.3
63.5
67.4
72.6
58.7
52.7
57.7
%
SALES
TO
LIST
82.1
905
574.2
582.2
589.4
393.2
375.5
473.0
$
VOL
MIL.
463.6
1,102
1,033
1,524
1,065
1,432
999
1,146
1165
1,673
1,086
1,711
1,083
1,337
821
1,608
71.6 1,377
57.9 1,218
1,124
SALES
1,548
LIST
82.2 1,549 1,114 559.3
89.6 1,506 1,265 630.6
89.0 1,551 1,133 573.4
96.3 1,610 1,176 584.9
97.3 1,581 1,196 623.6
82.9 1,399 1,072 543.8
93.1 1,446 1,106 556.1
985 486.7
102.5 1,064
536
163.8 818 1,091
87 16,407 13,177 6,315.3
%
SALES
TO
LIST
786
732
903
$
VOL
MIL.
68.4 1,338
67.4 1,388
77.8 1,565
881
SALES
2014
396.3
59.9 1,288
%
SALES
TO
LIST
2013
SAN FERNANDO VALLEY
COMPARABLE SALES ANALYSIS 2010-2015
(COMBINED RESIDENTIAL SALES, SINGLE FAMILY & CONDO)
TOTAL MONTH BY MONTH
SALES
$
VOL
MIL.
1,445
743 387.5
1,397
786 397.8
1,634 1,080 603.7
1,733 1,168 657.4
1,593 1.153 680.7
1,820 1,266 733.9
1,686 1,321 770.6
1,695 1,228
692
1,437 1,230 678.5
1,418 1,124 632.9
1,054
990 526.5
801 1,111
615
17,713 13,200 7,376.5
$558,825
LIST
2015
51.4
56.3
66.1
67.4
72.4
69.6
78.4
72.4
85.6
79.3
93.9
138.7
74.5
%
SALES
TO
LIST
SAN FERNANDO VALLEY SINGLE FAMILY SALES STATISTICS FOR DECEMBER 2015
ACTIVE INVENTORY
New Listings .......................................................
Total Active Listings.............................................
Average Days on Market ......................................
Average List Price in Thousands ..........................
Median List Price in Thousands ...........................
BOMS .................................................................
Average BOM Price in Thousands ........................
BOM to Sale Ratio ...............................................
Expirations ..........................................................
PENDING SALES
New Escrows Opened...........................................
Total YTD Escrows Opened ...................................
New Open Escrows Average Days on Market ........
New Open Escrows Average List Price ..................
CLOSED SALES:
New Escrows Closed............................................
Total YTD Escrows Closed ....................................
Volume of New Sales Dollars in Millions................
Volume of total YTD Sales in Millions ....................
Average Sale price in Thousands ..........................
Median Sale Price in Thousands ...........................
Coop Sales...........................................................
Percent of Coop Sales ..........................................
Average Days on Market .......................................
Sales at List Price.................................................
Percent of Sales at List Price.................................
Sales to Listing Inventory Ratio.............................
Final Sale to New Listing Ratio ..............................
CLOSED SALES TYPE
Foreclosure/REO..................................................
Seller Concessions ..............................................
Short Sale ...........................................................
Standard .............................................................
Other...................................................................
EN
ES
CS
WN
WS
SFV TOTAL
EXT
.............. 53..................71 .................65 ................105 ................86 ................380 ...............281 ...................661
............ 970............. 1,140 ...............979 .............1,541 ...........1,553 .............6,183 ............4,086 ..............10,269
.............. 44..................58 .................33 ..................47 ................70 ..................51 .................58 .....................54
......... 439.2............. 973.4 ............915.6 .............657.1 ........1,024.8 .............813.2 ............460.2 ................663.1
.............. 85..................81 .................73 ................124 ..............131 ................494 ...............356 ...................850
............ 962............. 1,124 ...............935 .............1,483 ...........1,540 .............6,044 ............3,959 ..............10,003
....... 32.918........... 75.204 ..........67.212 ...........69.520 .......126.757 .........371.612 ........142.133 ............513.745
..... 377.474...... 1,008.609 ........803.381 .........893.438 ....1,316.878 ......4,399.780 .....1,732.720 .........6,132.501
......... 387.3............. 928.4 ............920.7 .............560.6 ...........967.6 .............752.3 ............399.3 ................604.4
......... 399.0............. 776.0 ............650.0 .............535.5 ...........696.0 .............565.0 ............290.0 ................471.0
.............. 64..................64 .................53 ..................90 ..............115 ................386 ...............257 ...................643
........... 75.3...............79.0 ..............72.6 ...............72.6 .............87.8 ...............78.1 ..............72.2 ..................75.6
............ 115................100 ...............112 ..................92 ..............109 ................105 ...............129 ...................115
.............. 48..................39 .................36 ..................62 ................50 ................235 ...............159 ...................394
........... 56.5...............48.1 ..............49.3 ...............50.0 .............38.2 ...............47.6 ..............44.7 ..................46.4
........... 55.9...............50.6 ..............49.7 ...............60.8 .............57.2 ...............55.4 ..............42.4 ..................49.1
......... 123.2............. 109.5 ............128.1 .............153.1 ...........163.8 .............136.8 ............145.3 ................140.3
................ 5....................3 ...................0 ....................1 ..................3 ..................12 .................12 .....................24
................ 0....................0 ...................0 ....................0 ..................0 ....................0 ...................2 .......................2
................ 4....................1 ...................7 ....................6 ..................7 ..................25 .................29 .....................54
.............. 71..................75 .................63 ................106 ..............118 ................433 ...............279 ...................712
................ 5....................2 ...................3 ..................11 ..................3 ..................24 .................34 .....................58
SAN FERNANDO VALLEY CONDOMINIUM SALES STATISTICS FOR DECEMBER 2015
ACTIVE INVENTORY
New Listings .......................................................
Total Active Listings.............................................
Average List Price in Thousands ..........................
Median List Price in Thousands ...........................
BOMS .................................................................
Average BOM Price in Thousands ........................
BOM to Sale Ratio ...............................................
Expirations ..........................................................
PENDING SALES
New Escrows Opened..........................................
Total YTD Escrows Opened ..................................
New Open Escrows Average Days on Market .......
New Open Escrows Average List Price .................
CLOSED SALES:
New Escrows Closed...........................................
Total YTD Escrows Closed ...................................
Volume of New Sales Dollars in Millions...............
Volume of total YTD Sales in Millions ...................
Average Sale price in Thousands .........................
Median Sale Price in Thousands ..........................
Coop Sales..........................................................
Percent of Coop Sales .........................................
Sales at List Price................................................
Percent of Sales at List Price................................
Sales to Listing Inventory Ratio............................
Final Sale to New Listing Ratio .............................
CLOSED SALES TYPE
Foreclosure/REO..................................................
Seller Concessions ..............................................
Short Sale ...........................................................
Standard .............................................................
Other...................................................................
www.srar.com TOTAL
.............. 69..................74 .................57 ..................81 ................80 ................361 ...............245 ...................606
............ 152................160 ...............147 ................204 ..............229 ................892 ...............839 ................1,731
.............. 90..................80 .................96 ..................94 ................96 ..................92 ...............110 ...................101
......... 462.7.......... 1,249.4 .........1,445.0 .............795.7 ........1,602.9 ..........1,134.6 ............648.6 ................899.0
......... 437.5............. 995.0 ............850.0 .............699.0 ...........829.0 .............699.5 ............345.0 ................550.0
.............. 19..................12 .................13 ..................27 ................32 ................103 .................61 ...................164
......... 405.2............. 955.3 ............910.0 .............701.7 ........1,043.6 .............809.1 ............391.8 ................653.9
........... 22.4...............14.8 ..............17.8 ...............21.8 .............24.4 ...............20.9 ..............17.1 ..................19.3
.............. 16..................28 .................19 ..................43 ................45 ................151 ...............143 ...................294
EN
ES
CS
WN
WS
SFV TOTAL
EXT
TOTAL
.............. 24..................29 .................24 ..................35 ................25 ................137 .................58 ...................195
.............. 61..................95 .................51 ..................54 ................54 ................315 ...............160 ...................475
............ 121..................95 .................81 ..................89 ................82 ..................94 ...............132 ...................107
......... 289.8............. 546.0 ............446.3 .............430.8 ...........505.6 .............453.6 ............515.2 ................474.4
......... 270.0............. 479.5 ............350.0 .............360.0 ...........399.0 .............370.0 ............435.0 ................395.0
................ 7..................10 .................10 ....................7 ..................4 ..................38 .................14 .....................52
......... 286.7............. 521.7 ............372.0 .............398.1 ...........497.5 .............413.7 ............453.7 ................424.5
........... 28.0...............22.7 ..............27.0 ...............17.9 .............10.5 ...............20.8 ..............17.9 ..................19.9
................ 7..................15 .................10 ..................13 ..................8 ..................53 .................36 .....................89
.............. 20..................24 .................33 ..................30 ................33 ................140 .................56 ...................196
............ 327................586 ...............440 ................373 ..............454 .............2,180 ...............867 ................3,047
.............. 45..................61 .................61 ..................30 ................40 ..................47 .................59 .....................50
......... 314.3............. 473.4 ............353.6 .............382.8 ...........357.0 .............375.6 ............465.6 ................401.3
.............. 25..................44 .................37 ..................39 ................38 ................183 .................78 ...................261
............ 312................592 ...............417 ................372 ..............441 .............2,134 ...............830 ................2,964
......... 7.088........... 19.459 ..........13.427 ...........12.736 .........14.111 ...........66.822 ..........34.490 ............101.312
....... 85.601......... 260.870 ........141.836 .........135.882 .......167.187 .........791.376 ........360.649 .........1,152.025
......... 283.5............. 442.3 ............362.9 .............326.6 ...........371.3 .............365.1 ............442.2 ................388.2
......... 270.0............. 440.0 ............315.0 .............332.0 ...........350.0 .............358.0 ............385.0 ................365.0
.............. 23..................39 .................32 ..................27 ................30 ................151 .................58 ...................209
........... 92.0...............88.6 ..............86.5 ...............69.2 .............78.9 ...............82.5 ..............74.4 ..................80.1
.............. 96................102 ...............111 ................108 ................87 ................101 ...............101 ...................101
.............. 13..................21 .................15 ..................14 ................19 ..................82 .................32 ...................114
........... 52.0...............47.7 ..............40.5 ...............35.9 .............50.0 ...............44.8 ..............41.0 ..................43.7
........... 41.0...............46.3 ..............72.5 ...............72.2 .............70.4 ...............58.1 ..............48.8 ..................54.9
......... 104.2............. 151.7 ............154.2 .............111.4 ...........152.0 .............133.6 ............134.5 ................133.8
................ 0....................0 ...................3 ....................2 ..................0 ....................5 ...................3 .......................8
................ 0....................0 ...................0 ....................0 ..................0 ....................0 ...................1 .......................1
................ 1....................1 ...................1 ....................4 ..................2 ....................9 ...................6 .....................15
.............. 22..................42 .................31 ..................27 ................34 ................156 .................61 ...................217
................ 2....................1 ...................2 ....................6 ..................2 ..................13 ...................7 .....................20
Realtor® Report
13
SANTA CLARITA VALLEY SINGLE FAMILY SALES STATISTICS FOR DECEMBER 2015
ACTIVE INVENTORY
AC
ADUL
CC
CA
NE
SAU
SR
VAL
SCVTOT
EXT
TOTAL
New Listings .........................................................................7 .....................3................ 27................. 15................... 9.................... 30................ 6...................30 .................127 .................34 ................161
Total Active Listings.............................................................44 ...................23................ 85................. 36................. 36.................... 60.............. 13...................65 .................362 ...............106 ................468
Average Days on Market ......................................................89 .................178.............. 104............... 116................. 91.................... 71.............. 61...................79 ...................95 ...............108 ..................98
Average List Price in Thousands .....................................561.6 ..............798.4........... 752.4............ 636.9............ 693.2............... 640.0......... 844.4..............874.7 ..............721.4 ............455.3 .............661.1
Median List Price in Thousands......................................545.0 ..............739.5........... 559.0............ 526.0............ 580.0............... 599.0......... 824.9..............619.9 ..............591.0 ............349.0 .............559.9
BOMS...................................................................................1 .....................1................ 12................... 7................... 3...................... 3................ 1...................11 ...................39 .................13 ..................52
Average BOM Price in Thousands...................................300.0 ..............995.0........... 624.2............ 488.8............ 570.0............... 624.7......... 605.0..............539.0 ..............572.4 ............299.8 .............504.3
BOM to Sale Ratio............................................................11.1 ................33.3............. 19.4.............. 23.3.............. 13.6................... 5.9............. 5.3................26.2 ................16.4 ..............24.5 ...............17.9
Expirations ............................................................. ............3 .....................1.................. 9................... 2................... 7.................... 11................ 7...................15 ...................55 .................11 ..................66
PENDING SALES
New Escrows Opened.............................................
Total YTD Escrows Opened .....................................
New Open Escrows Average Days on Market ...........
New Open Escrows Average List Price ....................
CLOSED SALES:
New Escrows Closed ..............................................
Total YTD Escrows Closed ......................................
Volume of New Sales Dollars in Millions.................
Volume of total YTD Sales in Millions .....................
Average Sale price in Thousands ............................
Median Sale Price in Thousands.............................
Coop Sales ............................................................
Percent of Coop Sales ............................................
Average Days on Market .........................................
Sales at List Price...................................................
Percent of Sales at List Price...................................
Sales to Listing Inventory Ratio...............................
Final Sale to New Listing Ratio ...............................
............8 .....................1................ 22................. 17................... 9.................... 27.............. 10...................35 .................129 .................42 ................171
........102 ...................49.............. 530............... 275............... 189.................. 535............ 167.................635 ..............2,482 ...............625 .............3,107
..........93 .....................7................ 50................. 62................. 65.................... 45.............. 89...................46 ...................56 .................60 ..................57
.....426.1 ..............265.0........... 480.0............ 473.7............ 533.5............... 557.2......... 755.1..............608.6 ..............550.3 ............373.8 .............506.9
............9 .....................3................ 62................. 30................. 22.................... 51.............. 19...................42 .................238 .................53 ................291
..........99 ...................46.............. 530............... 271............... 191.................. 526............ 153.................617 ..............2,433 ...............596 .............3,029
.....4.722 ..............1.213......... 30.497.......... 12.320.......... 11.365............. 25.662....... 13.497............23.349 ..........122.625 ..........18.193 .........140.818
...46.576 ............27.158....... 264.896........ 125.290........ 104.291........... 276.402..... 111.671..........369.866 ........1326.150 ........204.778 .......1530.928
.....524.7 ..............404.3........... 491.9............ 410.7............ 516.6............... 503.2......... 710.4..............555.9 ..............515.2 ............343.3 .............483.9
.....540.0 ..............285.0........... 450.0............ 446.5............ 490.0............... 535.0......... 693.0..............540.0 ..............518.0 ............245.0 .............490.0
............9 .....................2................ 52................. 25................. 18.................... 40.............. 17...................34 .................197 .................42 ................239
.....100.0 ................66.7............. 83.9.............. 83.3.............. 81.8................. 78.4........... 89.5................81.0 ................82.8 ..............79.2 ...............82.1
........245 .................177.............. 104............... 154............... 137.................. 114............ 116...................96 .................121 ...............119 ................121
............2 .....................1................ 30................. 15................... 9.................... 25................ 3...................18 .................103 .................29 ................132
.......22.2 ................33.3............. 48.4.............. 50.0.............. 40.9................. 49.0........... 15.8................42.9 ................43.3 ..............54.7 ...............45.4
.......20.5 ................13.0............. 72.9.............. 83.3.............. 61.1................. 85.0......... 146.2................64.6 ................65.7 ..............50.0 ...............62.2
.....128.6 ..............100.0........... 229.6............ 200.0............ 244.4............... 170.0......... 316.7..............140.0 ..............187.4 ............155.9 .............180.7
CLOSED SALES TYPE
Foreclosure / REO .................................................................0 .....................1.................. 2................... 1................... 0...................... 1................ 0.....................0 .....................5 ...................4 ....................9
Seller Concessions ...............................................................0 .....................0.................. 0................... 0................... 0...................... 0................ 0.....................0 .....................0 ...................0 ....................0
Short Sale.............................................................................1 .....................0.................. 2................... 3................... 1...................... 3................ 0.....................0 ...................10 ...................2 ..................12
Standard ...............................................................................8 .....................2................ 55................. 23................. 21.................... 43.............. 19...................40 .................211 .................46 ................257
Other.....................................................................................0 .....................0.................. 3................... 3................... 0...................... 4................ 0.....................2 ...................12 ...................1 ..................13
SANTA CLARITA VALLEY CONDOMINIUM SALES STATISTICS FOR DECEMBER 2015
ACTIVE INVENTORY
New Listings ...........................................................
Total Active Listings.................................................
Average Days on Market ..........................................
Average List Price in Thousands ..............................
Median List Price in Thousands...............................
BOMS.....................................................................
Average BOM Price in Thousands............................
BOM to Sale Ratio...................................................
Expirations ..............................................................
PENDING SALES
New Escrows Opened..............................................
Total YTD Escrows Opened ......................................
New Open Escrows Average Days on Market ............
New Open Escrows Average List Price .....................
CLOSED SALES:
New Escrows Closed ...............................................
Total YTD Escrows Closed .......................................
Volume of New Sales Dollars in Millions..................
Volume of Total YTD Sales in Millions......................
Average Sale price in Thousands .............................
Median Sale Price in Thousands..............................
Coop Sales .............................................................
Percent of Coop Sales .............................................
Average Days on Market ..........................................
Sales at List Price....................................................
Percent of Sales at List Price....................................
Sales to Listing Inventory Ratio................................
Final Sale to New Listing Ratio ................................
AC
ADUL
CC
CA
NE
SAU
SR
VAL
SCVTOT
EXT
TOTAL
............0 .....................0................ 11................... 1................... 8...................... 6................ 2...................23 ...................51 ...................8 ..................59
............0 .....................0................ 17................... 1................. 10...................... 8................ 6...................46 ...................88 .................19 ................107
............0 .....................0.............. 106................. 22................. 55.................... 85.............. 69...................67 ...................75 .................75 ..................75
.........0.0 ..................0.0........... 308.8............ 175.0............ 287.2............... 368.7......... 400.3..............374.4 ..............350.8 ............423.8 .............363.8
.........0.0 ..................0.0........... 295.0............ 175.0............ 295.0............... 280.0......... 353.0..............365.0 ..............353.0 ............439.1 .............357.0
............0 .....................0.................. 5................... 0................... 2...................... 2................ 2.....................4 ...................15 ...................3 ..................18
.........0.0 ..................0.0........... 254.9................ 0.0............ 272.0............... 302.0......... 351.0..............363.4 ..............305.2 ............131.6 .............276.3
.........0.0 ..................0.0............. 25.0................ 0.0................ 8.7................. 14.3........... 33.3................11.1 ................15.2 ..............23.1 ...............16.1
............0 .....................0.................. 3................... 0................... 1...................... 1................ 0.....................7 ...................12 ...................1 ..................13
............0 .....................0................ 19................... 0................. 13.................... 14................ 1...................24 ...................71 ...................7 ..................78
............0 .....................0.............. 243................... 7............... 226.................. 168.............. 51.................438 ..............1,133 ...............111 .............1,244
............0 .....................0................ 52................... 0................. 30.................... 29................ 1...................33 ...................36 .................62 ..................39
.........0.0 ..................0.0........... 256.5................ 0.0............ 264.4............... 323.9......... 349.0..............384.6 ..............315.8 ............412.0 .............324.5
............0 .....................0................ 20................... 0................. 23.................... 14................ 6...................36 ...................99 .................13 ................112
............0 .....................0.............. 236................... 7............... 220.................. 163.............. 52.................414 ..............1,092 ...............102 .............1,194
.....0.000 ..............0.000........... 5.331............ 0.000............ 4.853............... 5.605......... 2.121............12.585 ............30.495 ............3.948 ...........34.453
.....0.000 ..............0.000......... 62.499............ 2.192.......... 55.458............. 56.081....... 18.516..........150.672 ..........345.418 ..........36.673 .........382.091
.........0.0 ..................0.0........... 266.5................ 0.0............ 211.0............... 400.4......... 353.5..............349.6 ..............308.0 ............304.5 .............307.6
.........0.0 ..................0.0........... 248.5................ 0.0............ 230.0............... 350.0......... 345.0..............377.5 ..............309.0 ............322.0 .............310.0
............0 .....................0................ 17................... 0................. 20.................... 13................ 5...................27 ...................82 .................10 ..................92
.........0.0 ..................0.0............. 85.0................ 0.0.............. 87.0................. 92.9........... 83.3................75.0 ................82.8 ..............76.9 ...............82.1
............0 .....................0................ 97................... 0............... 109.................... 87............ 236...................92 .................105 .................88 ................103
............0 .....................0................ 12................... 0................. 10.................... 11................ 3...................15 ...................51 ...................2 ..................53
.........0.0 ..................0.0............. 60.0................ 0.0.............. 43.5................. 78.6........... 50.0................41.7 ................51.5 ..............15.4 ...............47.3
.........0.0 ..................0.0........... 117.6................ 0.0............ 230.0............... 175.0......... 100.0................78.3 ..............112.5 ..............68.4 .............104.7
.........0.0 ..................0.0........... 181.8................ 0.0............ 287.5............... 233.3......... 300.0..............156.5 ..............194.1 ............162.5 .............189.8
CLOSED SALES TYPE
Foreclosure / REO .................................................................0 .....................0.................. 1................... 0................... 0...................... 0................ 0.....................1 .....................2 ...................0 ....................2
Seller Concessions ...............................................................0 .....................0.................. 0................... 0................... 0...................... 0................ 0.....................0 .....................0 ...................0 ....................0
Short Sale.............................................................................0 .....................0.................. 2................... 0................... 0...................... 1................ 1.....................0 .....................4 ...................0 ....................4
Standard ...............................................................................0 .....................0................ 17................... 0................. 21.................... 13................ 5...................32 ...................88 .................11 ..................99
Other.....................................................................................0 .....................0.................. 0................... 0................... 2...................... 0................ 0.....................3 .....................5 ...................2 ....................7
14
Realtor® Report
www.srar.com
15
CC
CA
NE
SAU
SR
VAL
SCV TOTAL
EXT
TOTAL
SELLING TIME - PRICE CHANGE - PRICE REDUCTION
AVG. SELL TIME
ACTIVE NO. LISTINGS
TOTAL # SOLD
REDUCED $
$ AVERAGE PRICE REDUCTION %
.................. 0.................... 1...................... 3.................... 1......................... 0 .......................1....................... 0 .....................1............................ 7.....................4 ................... 11
.................. 0.................... 0...................... 0.................... 0......................... 0 .......................0....................... 0 .....................0............................ 0.....................0 ..................... 0
.................. 1.................... 0...................... 4.................... 3......................... 1 .......................4....................... 1 .....................0.......................... 14.....................2 ................... 16
.................. 8.................... 2.................... 72.................. 23....................... 42 .....................56..................... 24 ...................72........................ 299...................57 ................. 356
.................. 0.................... 0...................... 3.................... 3......................... 2 .......................4....................... 0 .....................5.......................... 17.....................3 ................... 20
.................. 9.................... 3.................... 82.................. 30....................... 45 .....................65..................... 25 ...................78........................ 337...................66 ................. 403
................ 99.................. 46.................. 766................ 278..................... 411 ...................689................... 205 ..............1,031..................... 3,525.................698 .............. 4,223
........... 4.722............. 1.213............. 35.828........... 12.320................ 16.218 ..............31.267.............. 15.618 ............35.934................. 153.121............22.151 .......... 175.271
......... 46.576........... 27.158........... 327.395......... 127.482.............. 159.749 ............332.483............ 130.186 ..........520.538............... 1671.568..........241.450 ........ 1913.018
........... 524.7............. 404.3............... 436.9............. 410.7.................. 360.4 ................481.0................ 624.7 ..............460.7..................... 454.4..............335.6 .............. 434.9
........... 540.0............. 285.0............... 415.0............. 446.5.................. 335.0 ................502.0................ 655.0 ..............460.0..................... 459.0..............255.0 .............. 430.0
.................. 9.................... 2.................... 69.................. 25....................... 38 .....................53..................... 22 ...................61........................ 279...................52 ................. 331
........... 100.0............... 66.7................. 84.1............... 83.3.................... 84.4 ..................81.5.................. 88.0 ................78.2....................... 82.8................78.8 ................ 82.1
.............. 245................ 177.................. 102................ 154..................... 123 ...................108................... 145 ...................94........................ 117.................113 ................. 116
.................. 2.................... 1.................... 42.................. 15....................... 19 .....................36....................... 6 ...................33........................ 154...................31 ................. 185
............. 22.2............... 33.3................. 51.2............... 50.0.................... 42.2 ..................55.4.................. 24.0 ................42.3....................... 45.7................47.0 ................ 45.9
............. 20.5............... 13.0................. 80.4............... 81.1.................... 97.8 ..................95.6................ 131.6 ................70.3....................... 74.9................52.8 ................ 70.1
........... 128.6............. 100.0............... 215.8............. 187.5.................. 264.7 ................180.6................ 312.5 ..............147.2..................... 189.3..............157.1 .............. 183.2
5,182
LISTINGS
*THE ASSOCIATION DOES NOT VERIFY ACTUAL CLOSED ESCROwS.
$1,913,018,000
2015 RMLS TOTAL - $ VOLUME
SALES
3,864
LESS THAN 100,000 ................................................................ ........................140 ..................................................... 5 .............................................4.............................................. 4 ............................37088 .............................................28.5
100,000 TO 109,999 ................................................................. ..........................31 ..................................................... 0 .............................................2.............................................. 1 ..............................1000 ...............................................0.9
110,000 TO 119,999 ................................................................. ............................0 ..................................................... 0 .............................................0.............................................. 0 ................................N/A ...............................................0.0
120,000 TO 139,999 ................................................................. ..........................47 ..................................................... 3 .............................................2.............................................. 1 ..............................9000 ...............................................5.9
140,000 TO 159,999 ................................................................. ..........................35 ..................................................... 3 .............................................4.............................................. 2 ..............................2975 ...............................................1.9
160,000 TO 179,999 ................................................................. ..........................41 ..................................................... 1 ...........................................13.............................................. 7 ..............................4220 ...............................................2.2
180,000 TO 199,999 ................................................................. ........................101 ................................................... 11 .............................................6.............................................. 2 ............................12000 ...............................................6.0
200,000 TO 249,999 ................................................................. ..........................52 ................................................... 21 ...........................................29............................................ 18 ..............................7937 ...............................................3.3
250,000 TO 299,999 ................................................................. ..........................53 ................................................... 30 ...........................................25............................................ 14 ..............................9685 ...............................................3.0
300,000 TO 349,999 ................................................................. ..........................34 ................................................... 37 ...........................................28............................................ 15 ..............................4059 ...............................................1.0
350,000 TO 399,999 ................................................................. ..........................43 ................................................... 48 ...........................................29............................................ 15 ..............................6662 ...............................................1.4
400,000 TO 449,999 ................................................................. ..........................45 ................................................... 53 ...........................................41............................................ 22 ............................10653 ...............................................2.3
450,000 TO 499,999 ................................................................. ..........................31 ................................................... 53 ...........................................35............................................ 15 ............................10220 .............................................30.2
500,000 TO 549,999 ................................................................. ..........................62 ................................................... 35 ...........................................32............................................ 26 ............................17607 ...............................................3.1
550,000 TO 599,999 ................................................................. ..........................45 ................................................... 52 ...........................................29............................................ 19 ............................15482 ...............................................2.6
600,000 TO 699,999 ................................................................. ..........................67 ................................................... 60 ...........................................45............................................ 37 ............................42630 ...............................................5.7
700,000 TO 799,999 ................................................................. ..........................52 ................................................... 40 ...........................................18............................................ 13 ............................19001 ...............................................2.4
800,000 TO 899,999 ................................................................. ..........................48 ................................................... 19 .............................................8.............................................. 7 ............................32272 ...............................................3.6
900,000 TO 999, 999 ............................................................... ........................241 ................................................... 19 .............................................1.............................................. 1 ............................14900 ...............................................1.6
1,000,000 TO 1,999,999 ........................................................... ..........................52 ................................................... 40 .............................................4.............................................. 3 ..........................104112 ...............................................7.5
MORE THAN 2,000,000 ............................................................ ..........................25 ..................................................... 9 .............................................1.............................................. 1 ..........................305000 .............................................10.7
TOTALS................................................................................... ..........................51 ................................................. 539 .........................................356.......................................... 223 ............................16277 ...............................................0.3
SELLING PRICE RANGE:
FORECLOSURE/REO ..............................................................
SELLER CONCESSIONS ........................................................
SHORT SALE ...........................................................................
STANDARD ..............................................................................
OTHER .....................................................................................
CLOSED SALES TYPE
PENDING SALES:
.................. 8.................... 1.................... 41.................. 17....................... 22 .....................41..................... 11 ...................59........................ 200...................49 ................. 249
.............. 102.................. 49.................. 773................ 282..................... 415 ...................703................... 218 ..............1,073..................... 3,615.................736 .............. 4,351
................ 93.................... 7.................... 51.................. 62....................... 44 .....................39..................... 81 ...................41.......................... 49...................60 ................... 51
........... 426.1............. 265.0............... 376.4............. 473.7.................. 374.5 ................477.5................ 718.2 ..............517.5..................... 467.0..............379.3 .............. 449.8
ADUL
403
RESIDENTIAL PROP.
ESCROw CLOSED
NEW ESCROWS OPENED......................................................
TOTAL YTD ESCROWS OPENED ...........................................
NEW OPEN ESCROWS AVERAGE DAYS ON MARKET.........
NEW OPEN ESCROWS AVERAGE LIST PRICE .....................
CLOSED SALES:
NEW ESCROWS CLOSED ......................................................
TOTAL YTD ESCROWS CLOSED............................................
VOLUME OF NEW SALE DOLLARS IN MILLIONS..................
VOLUME OF TOTAL YTD SALES IN MILLIONS ......................
AVERAGE SALE PRICE IN THOUSANDS ...............................
MEDIAN SALE PRICE IN THOUSANDS ..................................
COOP SALES ..........................................................................
PERCENT OF COOP SALES...................................................
AVERAGE DAYS ON MARKET ................................................
SALES AT LIST PRICE.............................................................
PERCENT OF SALES AT LIST PRICE .....................................
SALES TO LISTING INVENTORY RATIO.................................
FINAL SALE TO NEW LISTING RATIO ....................................
AC
249
RESIDENTIAL PROP.
ESCROw OPENED
.................. 7.................... 3.................... 38.................. 16....................... 17 .....................36....................... 8 ...................53........................ 178...................42 ................. 220
................ 44.................. 23.................. 102.................. 37....................... 46 .....................68..................... 19 .................111........................ 450.................125 ................. 575
................ 89................ 178.................. 105................ 113....................... 83 .....................73..................... 63 ...................74.......................... 91.................103 ................... 94
........... 561.6............. 798.4............... 678.5............. 624.4.................. 604.9 ................608.0................ 704.2 ..............667.4..................... 648.9..............450.5 .............. 605.8
........... 545.0............. 739.5............... 485.0............. 526.0.................. 535.0 ................569.0................ 699.0 ..............500.0..................... 545.0..............369.9 .............. 505.0
.................. 1.................... 1.................... 17.................... 7......................... 5 .......................5....................... 3 ...................15.......................... 54...................16 ................... 70
........... 300.0............. 995.0............... 515.5............. 488.8.................. 450.8 ................495.6................ 435.7 ..............492.2..................... 498.2..............268.2 .............. 445.6
............. 11.1............... 33.3................. 20.7............... 23.3.................... 11.1 ....................7.7.................. 12.0 ................19.2....................... 16.0................24.2 ................ 17.4
.................. 3.................... 1.................... 12.................... 2......................... 8 .....................12....................... 7 ...................22.......................... 67...................12 ................... 79
MONTHLY RESIDENTIAL SALES STATISTICS
DECEMBER 2015 SCV RESIDENTIAL MLS SUMMARY
NEW LISTINGS ........................................................................
TOTAL ACTIVE LISTINGS........................................................
AVERAGE DAYS ON MARKET ................................................
AVERAGE LIST PRICE IN THOUSANDS.................................
MEDIAN LIST PRICE IN THOUSANDS....................................
BOMS.......................................................................................
AVERAGE BOM PRICE IN THOUSANDS................................
BOM TO SALE RATIO..............................................................
EXPIRATIONS ..........................................................................
ACTIVE INVENTORY:
220
RESIDENTIAL
PROPERTIES LISTED
16
Realtor® Report
www.srar.com
553
465
551
564
550
540
525
423
407
APR
MAY
JUNE
JUL
AUG
SEPT
OCT
NOV
DEC
AVG.
SALE
PRICE
592
MAR
6,135
489
FEB
TOTAL
476
JAN
LIST
1299.4
102.6
97.3
93.1
106.4
111.3
115.8
123.4
135.9
118.1
123.4
89.4
82.7
$353,482
3,676
308
299
279
297
312
302
357
368
328
354
241
231
$
VOL
MIL.
2010
SALES
60.3
75.2
70.7
53.1
55
56.7
53.5
64.8
79.1
59.3
59.8
49.3
48.5
%
SALES
TO
LIST
6,128
307
368
491
505
532
512
578
588
618
585
525
519
LIST
1286.5
122.9
104.8
106.5
103.4
130
115.7
128
115.8
106
104
74.2
75.2
$315,090
4,083
415
354
346
336
406
364
397
363
329
310
222
241
$
VOL
MIL.
2011
SALES
67
135.2
96.2
70.5
66.5
76.3
71.1
68.7
61.7
53.2
53
42.3
46.4
%
SALES
TO
LIST
4360
233
283
317
314
422
388
413
456
427
460
447
470
LIST
1356.5
145.9
96
121.2
118.2
120.2
122.6
135.0
118
109
107.9
78.7
83.8
$
VOL
MIL.
$317,090
4278
419
298
347
337
406
392
432
384
364
348
275
276
SALES
2012
LIST
99
179.8
4107
4723
1597
165.2
131.9
131.9
139.1
140.1
142.7
163.7
147.4
129.1
132
89.7
84.2
$388,850
407
214
323
335
364
373
346
404
375
332
345
255
248
$
VOL
MIL.
2013
SALES
105.3 324
417
430
471
489
448
412
85.2 84.2 104.6 101 96.2
107.3 109.5
410
383
370
75.7
61.5
58.7 355
%
SALES
TO
LIST
81.7 99.7 109.2 84.5
500
441
454
366
256
227
5020
493
500
157.1
159.9
145.9
149.6
136.8
161.9
1642.5
153.2
157.6
155.5
$421,369
373
362
341
356
308
365
3898
344
367
369
484
87.3
86.7
73.5
82.6
83.7
80.6
96.2
88.2
103.2
$
VOL
MIL.
2014
SALES
238
214
261
LIST
69.9 391
68.9 417
491
90.1
%
SALES
TO
LIST
SANTA CLARITA VALLEY
COMPARABLE SALES ANALYSIS 2010-2015
(COMBINED RESIDENTIAL SALES, SINGLE FAMILY & CONDO)
TOTAL MONTH BY MONTH
$462,399
1,961.5
4,242
175.2
127.7
286
403
161.1
358
167.2
167.9
203.4
205.3
205.7
213.2
155
84.3
95.6
368
381
443
442
439
376
561
327
487
200
219
$
VOL
MIL.
2015
SALES
406
407
LIST
73.4 495
542
69.8
546
74.6
82.1 446
75.1 415
97.3
372
120.3 300
160.8 220
77.6 5,197
76.2
60.9
51.3
53.2
%
SALES
TO
LIST
81.6
183.2
95.3
96.2
88.7
77
81.7
81
98.4
67.0
67.1
49.3
53.8
%
SALES
TO
LIST
These advertisements are published as a convenience for Realtors®® Report readers. The publication of an advertisement is not intended as an endorsement or recommendation of the services offered.
ADVERTISING
tERMITE inSPECTION
ADVERTISE
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Exp. #3 (3-16)
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it’s Your Responsibililty as an Advertiser to Keep Track of Your
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From Your Realtor® Report Classified Ads.
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January/February 2016 17
CONSTRUCTION
STYL’N CONSTRUCTION, INC.
DENNIS P. BLOCK & ASSOCIATES
The Number One Law Firm Specializing in
R.E.O. / Foreclosures
Email: [email protected]
TENANT EVICTIONS
UNLAWFUL DETAINER
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No One Has Our Experience Or Billing Terms!
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(38428)
• Guaranteed rapids filings
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• More experience than any other law firm
• Lockout Management service available
FULL COLLECTION
SERVICES
STYL’N CONSTRUCTION INC.
9939 Canoga Avenue Unit “J”
Chatsworth, CA 91311
www.stylnconstruction.com
Office: (818) 407-1327
Fax: (818) 407-1462
www.evict123.com
Licensed • Bonded & Insured • Lic. #806623
NORDHAGEN AND
DAUGHTERS
$39 per month
100%
COMMISSION
EXTERMINATING
COmpany INC.
GOLD STAR REALTY
We Offer:
Full Time Experienced Broker
Equipped Offices & Conference Rooms
Most Southland MLS Services
Friendly and Helpful staff
(818) 757-4567
20 YEARS IN BUSINESS
$125 (uncontested plus costs)
TERMITE INSPECTIONS & FUMIGATIONS
Open Monday through Saturday
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800-933-7378
818-886-3454
661-254-2133
800-649-1922 FAX
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Affiliate member REOMAC
Member PCOC (Pest Control Operators of California)
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17815 Ventura Blvd., Suite 205, Encino
18
SRAR 2002 “ Affiliate of the Year”
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MARKETING
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FOR REAL ESTATE AGENTS & BROKERS
ADVERTISING
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Company advertised on our website!
CALL TOLL-FREE
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VISIT
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*Ads on srar.com may vary from display ad in content and form. Web ads are designed by the SRAR
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services advertised in our publication, REALTOR REPORT, or on www.srar.com.
PRINTING
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Only REALTORS® are members of the National Association of REALTORS®
January/February 2016 19
PRINTING
PRINT SHOP & Graphic design SERVICES
OUTWEST
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Chairperson: Larry Gutierrez
Phone: (818) 416-7077
Co-Chair: Steve Peterson
Phone: (818) 914-2536
Education Chairman: Ron Henderson
Phone: (818) 999-2945
Location: Weiler’s Deli
22323 Sherman Way
Canoga Park, CA 91303
Time: 8:30 A.M. - 9:30 A.M.
Affiliate Networking, MLS Pitches, Caravan,
Guest Speakers
Chairperson: Brian Hatkoff, CCIM
Phone: (818) 701-7789
Web: www.commercialdataexchange.com
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Location: SRAR AuditorIum
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Now Includes Business Opportunities
Co Chairman: Bud Mauro Realtor®
Phone: (818) 349-9997 Cell: (818) 681-3343
Co Chairman: Valerie B. Miranda, REALTOR®
Location: El Cariso Golf Club Restaurant, “The 19th
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Frwy at Hubbard, N. to Eldridge, E. to Golf Club
Entrance. [TG-482 D 3]
Time: 8:30 – 9:30 A.M. - EVERY FRIDAY
SCV CARAVAN
2nd & 4th Fridays
Chairperson: Dean Vincent
818-802-8856 or [email protected]
Location: SRAR SCV Division
20655 Soledad Canyon Rd #33, Canyon Country 91351
Dates: 2nd and 4th Fridays of the month
Time: Networking Starts at 8:15am
Meeting Starts at 8:45am
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