ADVERTISING SUPPLEMENT
Valley Median
Price Highest
Since 2007
The annual charity golf tournament presented recently by the Southland
Regional Association of Realtors and supported by dozens of sponsors
and hundreds of players and volunteers will help homeless Valley residents get off the street and into housing.
By Gina Uzunyan, President, and David R. Walker
Southland Regional Association of Realtors®
The median price of single-family
homes sold throughout the San Fernando Valley exceeded the $600,000
benchmark for the fourth consecutive
month with July’s $623,000 median
the highest since September 2007,
the Southland Regional Association of
Realtors reported Thursday.
Homeless Helped with Putts and Pars
2000s, the July median price was a mere 4.9
percent below the record high of $655,000
established in June 2007.
Similarly, the condominium median
price of $397,000 was up 13.4 percent over
sales.”
Realtors assisted a total of 542 closed
escrows throughout the San Fernando Valley during July. That was down 10.1 percent
from a year ago and surprisingly down 11.4
The Association’s charitable foundation recently presented a $12,000 check to Hope of
the Valley Rescue Mission. The funds were raised via the tournament.
“Hope of the Valley is honored to receive
such a generous gift from the Southland
Regional Association of Realtors,” said Ken
Craft, CEO of Hope of the Valley Rescue
Mission. Craft is pictured with Gina Uzunyan, right, the 2016 president of SRAR, and
Nancy Starczyk, the 2016 president elect.
“The donation will be used to help
homeless moms and kids find shelter at our
30-bed Genesis House,” he said. “Once in
the shelter, we work with them to find permanent housing. Realtor generosity will help
moms find rest from the storms, peace for
their children and hope for a better tomorrow. Thank you SRAR for helping all people find their way HOME!”
With rising rents and home prices, homelessness is soaring in the San Fernando
Valley, which has an estimated 7,100 homeless residents. Countywide there about
48,000 homeless.
Hope of the Valley offers multiple options and locations, as noted below, where
people can find shelter, food and assistance needed to get back on their feet.
Realtors also are encouraged to tell clients to contact Hope of the Valley if they have
furniture and clothing items they want to drop off or have picked up, the sale of which
at thrift stores will aid the mission. SRAR is organizing a campaign to collect toiletries,
such as from hotels, which also are in demand.
“Home prices
inch ever closer
Single-Family Median Price July 2002 to 2016
2002 $329,900
Source:SouthlandRegionalAssocia4onofRealtors®
to the record
2003 $395,000 19.7%
highs$499,900
of last 26.6% $700,000
2004
2005
$580,000
decade,
yet the 16.0%
2006 $605,000 4.3%
$600,000
pace of
increases
2007
$570,000
-5.8%
2008
$441,000
is slowing
and -22.6% $500,000
2009 $410,000 -7.0%
the pool
of
2010
$420,000
2.4%
2011
buyers$370,000
who can-11.9% $400,000
2012 $350,000 -5.4%
afford to buy is
$300,000
2013 $430,000 22.9%
shrinking,”
said 8.3%
2014
$465,500
2015
Realtor® Gina Uzunyan
Gina $509,500
Uzunyan,9.5% $200,000
2016 $560,000 9.9%
2016 President, SRAR
president of the
$100,000
Association.
$0
Years of pent-up demand, today’s re2012
2010
2014
2002
2008
2016
2006
2004
markably low interest rates on home loans,
and a very limited inventory of homes listed
for sale all keep upward pressure on prices.
a year ago. It was the highest since July
percent from June. July typically is one of
The July median price of $623,000 was
2007,
a
mere
4.3
percent
below
the
record
the busiest months of every year.
up 3.8 percent from a year ago. The median
high $415,000 set in February 2006.
Realtors also helped close escrow on 179
has been on a virtually unbroken upward
“Not surprisingly,” said Jim Link, the
condominium sales during July. That figure
Homeless Services — Van Nuys
Genesis House — Pacoima
trajectory since hitting the record low of
• Showers, Monday thru Friday 8 am
• Family Shelter with emphasis on
Association’s chief executive officer, “rising
was off 10.5 percent from July 2015 and
$339,000 in December 2011.
Presented by CIEA &
until noon
homeless moms and kids, 3-6 month
prices Investment
combined with
limited supply and
11.4 percent
Commercial
Division
Despite dramatic differences inSRAR
today’s
• Clothing vouchers available
stay
falling
affordability
translate
into
fewer
below
this
Single-family
Median
Prices
market compared to the boom ofThis
the Two Day Series of Four Classes is a
• Hot Meals: Monday – Friday at
Part of a rapid-rehousing program
June,
which
July
2002
to
2016
Single-Family Median Price•• July
2002 to 2016
Skill Based Commercial Investment Education
noon; Tuesdays at 6 pm, Weekends,
No cost – 30 beds
2002 $329,900
For Only $199*
posted the
Source:SouthlandRegionalAssocia4onofRealtors®
call
for
schedule.
CIEA APOD Commercial
R.E. Investment Series
The Bridge — Canoga Park
most condo
2003 $395,000 19.7%
Southland Regional Association
• Eight station Computer Learning
• Transitional residential program
2004 $499,900 26.6%
sales
so far
$700,000
7232 Balboa Blvd, Van Nuys, CA 91406
and Job Training Center
for men, post program, rebuilding
2005 $580,000 16.0%
this year.
• Mission Church on Tuesday
Thursday , September 10, 2015
their lives
2006 $605,000 4.3%
Pend$600,000
evenings
From calculating
income
expenses
forREincome
101-Exploring
theand
Business
of Commercial
(9:00 am property
~ 12:00 pm) to
• Fee based
2007
$570,000
-5.8%
ing
sales,
 Career opportunities in commercial real estate
• Access to temperature controlled
• 16 beds
figuring out the
after-tax
return
on real
anestate
investment property, this
2008 $441,000 -22.6%
 Starting
your career
in commercial
a$500,000
measure
large room to rest during the day
 Participants and their role in commercial transactions
2009 $410,000 -7.0%
Recuperative Care Shelter —
two-day, four-class
session
packs
the power needed to succeed.
of future
 Definitions,
common forms
and worksheets
• Daily life skill classes i.e. Anger
2010 $420,000 2.4%
Mission Hills
102-The Mechanics of Valuing Commercial RE (1:00 pm ~ 4:00 pm)
activity,
management,
finances,
parenting,
For more information,
contact
Valerie
at
818-947-2255
or
via
email
at
$400,000
 Calculating income and expenses for a commercial property
2011 $370,000 -11.9%
• Crisis Housing for Injured or Ill
 Preparing the Annual Property Operating Data (APOD) worksheet
throughout
social
skills
etc.
[email protected]
for special
 Calculating
NOI for anpricing
investmentavailability.
property
2012 $350,000 -5.4%
Homeless Being Released from
Southern
• Case management, onsite access
 Calculating Loan Amounts and Debt Service Coverage (DSC)
$300,000
Hospitals
2013 $430,000 22.9%
The classes, set for Thursday, Sept.
8,
and
Friday,
Sept.
9
from
9
a.m.
to mental health, veterans services,
California
Friday, September 11, 2015
• 30-bed shelter
2014 $465,500 8.3%
substance abuse treatment and
to 4 p.m., will feature
interactive
discussion
and case
have been
103-The Techniques
of Analyzing
Investments
(9:00 am ~ 12:00 pm)
• Commercial Catering Kitchen
2015 $509,500 9.5%
$200,000
 Answers to frequently asked investor questions
prevention,
housing
specialists
etc.
but
studies. Registration
extremely limited.
Presented by
CIEAstrong,
&
 An explanation of the “Time Value of Money”
• Mental Health Clinic
2016 $560,000
9.9%
• Food pantry open Monday thru
 How to calculate the Internal Rate of Return (IRR) on an investment
SRAR Commercial Investment
Division
the Valley
• Community Health Clinic
The series will be
held at
the headquarters
the
South Analyzing
a commercial
investment using a of
5 year
cash
flow projection
$100,000
Friday
appears
to
• Culinary Arts Program training the
104-Tax Aspects of Investment Real Estate (1:00 pm ~ 4:00 pm)
This Two Day Series of Four Classes is a
land Regional Association
of
Realtors,
located
at
7232
•
Eight
beds
on
site
 An explanation of tax classification used for properties, entities and income
running
counter to that
trend. There
SkillbeBased
Commercial
Investment
Education
homeless for employment in food
 How to calculate tax benefits and consequences at sale
Balboa Blvd., just
north of Sherman Way.
Only at
$199*
$0
John E. White House of Hope —
were 728 openFor
escrows
the end of July,
 How to calculate the after-tax return on an investment property
services
industry
2012
2010 and hospitality
2014
2002
2008
20
2006
2004
 Understanding the unique tax advantages of owning investment real estate
Burbank
down
15.1 percent
from a year
ago.
Southland
Regional
Association
Cold
Weather
Shelter
— Pa•
10
month
residential,
drug
and
7232
Van
Nuys,ofCA
91406
Presented
by
&
CIEA SUGGESTS
YouCIEA
Bring a HP10BII
or Equivalent to
The Balboa
SouthlandBlvd,
Regional
Association
Realtors®
is
coima and Sylmar
CLASSES 102 -104
SRAR Commercial
Investment Division
alcohol recovery program
a trade association with more than 9,500 members serv• Crisis Housing Dec. 1 thru March
(*$149 if Registered prior to 8/13/15)
Thursday , September 10, 2015
•
No
cost,
work
therapy
ing
the
San
Fernando
and
Santa
Clarita
valleys.
SRAR
This Two Day Series of Four Classes is a
15 — 120 beds in Sylmar; 100 beds
101-Exploring the Business of Commercial RE (9:00 am ~ 12:00 pm) • 50 beds
is one of the largest local associations in the nation.
Skill Based Commercial Investment Education
in Pacoima
Fax Registration
Form To: 818-786-4541 or email to [email protected] Career opportunities in commercial real estate
For Only $199*
Two Days, Four Powerful Classes
 Starting your career in commercial real estate
Mail With $199 (*$149 Prior to 8/13) To: SRAR 7232 Balboa Blvd., Van Nuys,
CA
 Participants and their role in commercial transactions
91406
Southland Regional Association
 Definitions, common forms and worksheets
7232 Balboa Blvd,
VanInformation
Nuys, CA 91406
102-The Mechanics of Valuing Commercial RE
For More
Contact Valerie @ 818-947-2255
THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS
(1:00 pm ~ 4:00 pm)
 Calculating income and expenses for a commercial property
NAME:_________________________________________ PHONE#:__________________________________

Preparing
the
Annual
Property
Operating
Data
(APOD)
worksheet
Thursday , September 10, 2015
 Calculating NOI for an investment property
EMAIL:__________________________________________
01-Exploring the
Business of Commercial RE (9:00 am ~ 12:00 pm)
 Calculating Loan Amounts and Debt Service Coverage (DSC)
Career opportunities in commercial real estate
Friday, September 11, 2015
AMEX/VISA/MC/DISC #:________________________________________EXP:________________
Starting your career in commercial real estate
Participants and their role
in commercial
Techniques
of Analyzing
Investments
(9:00 am ~
pm)
REALTOR®
istransactions
a federally registered collective membership mark which103-The
identifies
a real estate
professional
who is a Member
of12:00
the NATIONAL
www.SRAR.com | Real Estate Questions? E-mail Gina Uzunyan, SRAR 2016 President, c/o [email protected]
ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.