AAROE MARKET REPORT
02 14
SAN GABRIEL VALLEY Single Family Residences
Agent Profile: Ramiro Rivas
Ramiro Rivas is a life time resident of the City of Pasadena, and has extensive knowledge of San Gabriel Valley and Los Angeles real estate. With a design background from the world-renowned Art Center College of Design in Pasadena, he brings his creative and energetic personality into every transaction. Ramiro has been active and involved in Real Estate investments, as well as civic and neighborhood associations for over 15 years. While emphasizing hands-on client relationships and integrating the full spectrum of cutting-edge and internet technology, Ramiro delivers a powerful dimension to client services with up-to-the-minute, reliable information. Together with the John Aaroe Group, Ramiro Rivas and his real estate team are committed to meeting your personal, financial and life-style goals while maintaining a life time business relationship based on trust, value and performance. DRE #01406511 Professional Standards: • Specializing in Pasadena, Altadena, San Marino, La Canada Flintridge, South Pasadena, and Los Angeles Properties. • Dedicated to the Integrity of the Real Estate Profession. • Full Service Representation for Buyers, Sellers, and Short Sale Home Owners. • Member of the Pasadena-Foothills Association of Realtors and the National Association of Realtors.
Agent Profile: Erica Rivas
Erica Rivas’ extensive knowledge of Pasadena and the surrounding Los Angeles communities has allowed her to get to know every aspect of the San Gabriel Valley as well as a familiarization with all of Southern California. Having been born and raised in the area, she takes pride in Pasadena and the many wonderful surrounding communities. Her motivation coupled with her understanding of the neighborhoods has allowed her to successfully work in real estate. Erica comes from a fresh generation raised on the cusp of the newest technology. We are in an age now where business is done primarily through the computer, especially in real estate, as buyer’s are doing the greatest amount of their property searches on the internet. Erica’s extensive education and knowledge of computer technology has allowed her to market a home to its full potential. A creative ability that stems from an experience with marketing and advertising allows her to be original in marketing a home which will generate vast awareness of a listing and getting it the attention it deserves. Additionally, Erica Rivas has found find that excellent communication is crucial to being an efficient and competent Realtor®. The way to ultimately determine a client’s wants and needs is through proper communication and will successfully do so by asking the right questions, listening with genuine concern, and acting upon their wants and needs. Being forthcoming and communicative will serve to determine and clarify everything is being done correctly to ensure that the client’s interests are satisfied. DRE#01788685
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AAROE MARKET REPORT
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LOS ANGELES COUNTY Condominium Residences
AAROE MARKET REPORT
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WESTSIDE LOS ANGELES Single Family Residences
AAROE MARKET REPORT
02 14
SAN FERNANDO VALLEY Single Family Residences
LOS ANGELES COUNTY
WESTSIDE LOS ANGELES
SAN FERNANDO VALLEY
Condominium Residences
Single Family Residences
Single Family Residences
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TABLE OF CONTENTS SAN GABRIEL VALLEY
Alhambra
05
Altadena
07
Arcadia
09
Eagle Rock
11
La Canada/Flintridge
13
Monrovia
15
Pasadena
17
San Gabriel
19
San Marino
21
South Pasadena
23
Glossary
24
ALHAMBRA
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
69
45
-34.8%
Average price (sold)
$464,405
$562,036
+21.0%
$393
$406
+3.2%
Average days on market (sold)
62
59
-4.8%
Average sold price/list price %
99.4%
100.7%
+1.3%
Total pending properties (at end of period)
17
20
+17.6%
Total properties for sale (at end of period)
20
38
+90.0%
$481,332
$617,993
+28.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4
3.6 3.1 2.6
3
1.9
2.6
2.5
2.1 1.6
2
0.9 1
0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 80
69
70
56
60 50
57
55
59
49
45
43
39
40 30 20 10 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
ALTADENA
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
111
105
-5.4%
Average price (sold)
$614,049
$692,986
+12.9%
$953
$1,277
+34.1%
Average days on market (sold)
62
45
-27.4%
Average sold price/list price %
99.2%
101.5%
+2.3%
Total pending properties (at end of period)
33
32
-3.0%
Total properties for sale (at end of period)
44
50
+13.6%
$677,861
$669,695
-1.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.7 5.2
5 4 3
2.2 1.6
2
1.7 1.2
1.1
1.4
1.4
1 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 160
137
140
108
120 100
77
101
111
116
116 105
77
80 60 40 20 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
ARCADIA
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
132
115
-12.9%
Average price (sold)
$1,247,786
$1,630,876
+30.7%
$502
$577
+14.9%
Average days on market (sold)
61
47
-23.0%
Average sold price/list price %
97.8%
98.6%
+0.8%
Total pending properties (at end of period)
17
26
+52.9%
Total properties for sale (at end of period)
55
75
+36.4%
$1,860,299
$2,392,860
+28.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4
3.8 3.3 2.9
3
2.7
2.5 1.8
2
1.8
2
1.2 1
0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 180
154
160
120
142
132
140
112
103
100
115
111 88
83
80 60 40 20 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
EAGLE ROCK
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
47
39
-17.0%
Average price (sold)
$531,028
$599,972
+13.0%
$468
$796
+70.0%
Average days on market (sold)
61
42
-31.1%
Average sold price/list price %
99.9%
101.8%
+1.9%
Total pending properties (at end of period)
19
11
-42.1%
Total properties for sale (at end of period)
16
22
+37.5%
$742,272
$684,514
-7.8%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
4.7
5 4 3
2.6
2.6 1.8
2.1 1.7
2
1
1
0.8
1 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 60
50
49 50
47
47 39
40
33
32
29
32
30 20 10 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
LA CANADA/FLINTRIDGE
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
62
54
-12.9%
Average price (sold)
$1,506,924
$1,491,531
-1.0%
$4,065
$6,723
+65.4%
Average days on market (sold)
73
60
-17.8%
Average sold price/list price %
97.4%
97.6%
+0.2%
Total pending properties (at end of period)
22
20
-9.1%
Total properties for sale (at end of period)
27
33
+22.2%
$2,524,963
$2,328,571
-7.8%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
10.6 9.3
10
4
5
3.1
2.3
2.7
1.3
2.1
1.8
0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 90
78
72
80
64
70
77
62 54
60
40
45
42
50
33
30 20 10 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
MONROVIA
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
66
73
+10.6%
Average price (sold)
$531,897
$564,918
+6.2%
$372
$417
+12.2%
Average days on market (sold)
53
62
+17.0%
Average sold price/list price %
99.3%
99.4%
+0.1%
Total pending properties (at end of period)
21
18
-14.3%
Total properties for sale (at end of period)
33
44
+33.3%
$775,276
$874,353
+12.8%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4.1 4
3.3 2.9
3
2.4 1.9
2
1.4
2.2 1.8
1.5
1
0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 120
91
100 80
68
64
86 66
69
76
73
50
60 40 20 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
PASADENA
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
247
252
+2.0%
Average price (sold)
$796,549
$862,201
+8.2%
$1,282
$1,315
+2.6%
Average days on market (sold)
68
51
-25.0%
Average sold price/list price %
99.5%
99.5%
+0.00%
81
56
-30.9%
127
137
+7.9%
$1,007,361
$1,258,615
+24.9%
Average price per square foot (sold)
Total pending properties (at end of period) Total properties for sale (at end of period) Average price of properties for sale
Months’ supply of inventory 8 7
6.3
6.4
6 5 4
2.8
3
1.8
2
1.8
1.5
1.8
2.2 1.6
1 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 350
303
303
281
300
252
252
247
250
197
194 174
200 150 100 50 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SAN GABRIEL
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
80
74
-7.5%
Average price (sold)
$566,462
$684,574
+20.9%
$514
$512
-0.4%
Average days on market (sold)
83
54
-34.9%
Average sold price/list price %
99.5%
100.7%
+1.2%
Total pending properties (at end of period)
22
24
+9.1%
Total properties for sale (at end of period)
34
46
+35.3%
$670,504
$773,671
+15.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10
8.1
9 8 7 6 5
4
3.9
4
2.7
2.5
3
3 1.9
1.9
1.3
2 1 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 120
95 100 80
73
67
83
80
65
74 58
60
38 40 20 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SAN MARINO
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
35
39
+11.4%
Average price (sold)
$1,838,743
$1,998,054
+8.7%
$2,107
$2,417
+14.7%
Average days on market (sold)
50
40
-20.0%
Average sold price/list price %
100.9%
103.0%
+2.1%
Total pending properties (at end of period)
7
9
+28.6%
Total properties for sale (at end of period)
7
8
+14.3%
$2,971,286
$5,696,375
+91.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8
6.4
7 6 5
4.1
4
3.2
3
1.8
2
0.6
1
1.7 1
0.6
0.6
0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 60
52 44
50 40
36
38
35
39
31
30
22
20
20 10 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SOUTH PASADENA
Oct - Dec 2012
Oct - Dec 2013
% change
Total properties sold
35
31
-11.4%
Average price (sold)
$1,144,214
$1,143,273
-0.1%
$2,907
$1,905
-34.5%
Average days on market (sold)
61
39
-36.1%
Average sold price/list price %
98.8%
101.9%
+3.1%
Total pending properties (at end of period)
5
5
+0.00%
Total properties for sale (at end of period)
12
13
+8.3%
$1,145,000
$1,335,454
+16.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7
5.9
6
4.7
5
3.6
4 3 2
1.1
1.1
1
1
1.3 0.8
1 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Sold listing history 50
41
45 40
35
35 30
43
30 24
25
32
31
23
21
20 15 10 5 0 Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Jul-Sep 13
Oct-Dec 13
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published January 2014 based on the data available at the end of December 2013. CLAW, CRMLS and/or Co-Op MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
GLOSSARY
Total properties sold Number of properties sold during the report period. Average price (sold) Average sales price of properties that closed escrow during the report period. Average price per square foot (sold) Average price per square foot of properties that closed escrow during the report period. Average days on market (sold) Average time properties were on the market for homes that closed escrow during the report period. Average sold price/list price % Average showing the ratio of the actual sold price related to the original asking price of properties sold during the report period. Total pending properties (at end of period) Number of properties that were in escrow at the end of the reporting period. Total properties for sale (at end of period) Number of properties that were for sale at the end of the reporting period. Average price of properties for sale Average price for properties currently on the market. Months’ supply of inventory If no new listings entered the market, this is the number of months it would take to sell all homes for sale at the current pace of sales. Sold listing history The number of homes sold in the reporting period over the past three years.
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John Aaroe Group does not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of the property provided by the seller or obtained from public records and other sources and the buyer is advised to independently verify the accuracy of that information.