Teles intelligence
micro market report san gabriel valley APRIL 2013 | SINGLE FAMILY HOMES REPORT
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Reading the Report
“Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market.
The Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value.
The Numbers is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on Market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory.
The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
Days of market (Pending Sale):
A value that separates the upper half
The number of days that properties
of prices from the lower half of prices.
currently in escrow were on the market.
It can be interpreted like an average, however the extreme prices (high and
Month’s Supply of Inventory:
low) don’t hold undue influence.
The number of months it would take to sell all the properties listed for sale at
Average Price per Square Foot:
the current pace of sales and if no new
The price of each property divided by
listings entered the market.
their respective square footage then averaged across all properties sold in
Percent Under Contract:
the area for a given time period.
The ratio of properties for sale to properties pending sale.
Properties Sold:
The number of property transactions
Average Median Price for Last 12:
that closed and transferred ownership.
The Average Median Price for the Last 12 Months is sales data from 12 months
Properties Pending Sale:
ending in the identified month
The number of properties that entered escrow in preparation for sale.
Shadow Inventory:
Properties in Pre-Foreclosure, Bank Properties For Sale:
Owned or Auction as identified by
The number of properties on the
ForeclosureRadar.com
market and seeking buyers.
san gabriel
south b
orange
San Gabriel Valley Macro Market
Duarte
Monrovia
Altadena
Eagle Rock
Pasadena
Arcadia
La Canada Flintridge
San Gabriel
Micro Market Report : April 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
April 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$736,889
$855,222
16.1%
Average Price per Square Foot ...........................
$366
$417
14.2%
Properties Sold .......................................................
233
292
25.3%
Properties Pending Sale .......................................
279
312
11.8%
Properties For Sale ................................................
668
383
-42.7%
Days on Market (Pending Sale) ...........................
64
44
-31.0%
Month’s Supply of Inventory ................................
2.9
1.3
-54.2%
Percent Under Contract ........................................
41.8%
81.5%
95.0%
Average Median Price for Last 12 Months ........
$798,558
$757,282
-5.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$855
M E D I A N
S A L E S
(in hundred thousands)
$737
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
Altadena DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$405,000
$590,000
45.7%
Average Price per Square Foot ...........................
$318
$360
13.2%
Properties Sold .......................................................
29
38
31.0%
Properties Pending Sale .......................................
41
38
-7.3%
Properties For Sale ................................................
71
53
-25.4%
Days on Market (Pending Sale) ...........................
2
60
2900.0%
Month’s Supply of Inventory ................................
2.4
1.4
-43.0%
Percent Under Contract ........................................
57.7%
71.7%
24.2%
Average Median Price for Last 12 Months ........
$440,077
$485,077
10.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$590
P R I C E
yearly trend
M E D I A N
S A L E S
$405
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$485,077 DAYS ON MARKET**
59 PROPERTIES FOR SALE
53 shadow inventory
83 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Arcadia DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,000,000
$1,008,000
0.8%
Average Price per Square Foot ...........................
$402
$506
25.9%
Properties Sold .......................................................
33
46
39.4%
Properties Pending Sale .......................................
34
47
38.2%
Properties For Sale ................................................
119
66
-44.5%
Days on Market (Pending Sale) ...........................
70
42
-40.0%
Month’s Supply of Inventory ................................
3.6
1.4
-60.2%
Percent Under Contract ........................................
28.6%
71.2%
149.2%
Average Median Price for Last 12 Months ........
$844,846
$1,017,308
20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
(in hundred thousands)
$1.008
$1.000
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,017,308 DAYS ON MARKET**
61 PROPERTIES FOR SALE
66 shadow inventory
29 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Duarte DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$311,000
$368,000
18.3%
Average Price per Square Foot ...........................
$212
$275
29.7%
Properties Sold .......................................................
12
29
141.7%
Properties Pending Sale .......................................
22
15
-31.8%
Properties For Sale ................................................
57
15
-73.7%
Days on Market (Pending Sale) ...........................
82
42
-48.8%
Month’s Supply of Inventory ................................
4.8
0.5
-89.1%
Percent Under Contract ........................................
38.6%
100.0%
159.1%
Average Median Price for Last 12 Months ........
$291,462
$327,077
12.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$368
M E D I A N
S A L E S
(in hundred thousands)
$311
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$327,077 DAYS ON MARKET**
82 PROPERTIES FOR SALE
15 shadow inventory
26 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Eagle Rock DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$405,000
$545,000
34.6%
Average Price per Square Foot ...........................
$278
$359
29.1%
Properties Sold .......................................................
9
14
55.6%
Properties Pending Sale .......................................
15
16
6.7%
Properties For Sale ................................................
38
11
-71.1%
Days on Market (Pending Sale) ...........................
61
48
-21.3%
Month’s Supply of Inventory ................................
4.2
0.8
-81.4%
Percent Under Contract ........................................
39.5%
145.5%
268.5%
Average Median Price for Last 12 Months ........
$436,615
$489,462
12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$545
M E D I A N
S A L E S
(in hundred thousands)
$405
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$489,462 DAYS ON MARKET**
67 PROPERTIES FOR SALE
11 shadow inventory
31 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
La Canada Flintridge DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,168,000
$1,350,000
15.6%
Average Price per Square Foot ...........................
$460
$468
1.7%
Properties Sold .......................................................
24
21
-12.5%
Properties Pending Sale .......................................
32
19
-40.6%
Properties For Sale ................................................
68
55
-19.1%
Days on Market (Pending Sale) ...........................
50
41
-18.0%
Month’s Supply of Inventory ................................
2.8
2.6
-7.6%
Percent Under Contract ........................................
47.1%
34.5%
-26.6%
Average Median Price for Last 12 Months ........
$1,047,385
$1,171,692
11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.350
M E D I A N
S A L E S
(in hundred thousands)
$1.168
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,171,692 DAYS ON MARKET**
72 PROPERTIES FOR SALE
55 shadow inventory
35 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Monrovia DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$560,000
$455,000
-18.8%
Average Price per Square Foot ...........................
$301
$338
12.3%
Properties Sold .......................................................
18
29
61.1%
Properties Pending Sale .......................................
20
28
40.0%
Properties For Sale ................................................
86
41
-52.3%
Days on Market (Pending Sale) ...........................
117
55
-53.0%
Month’s Supply of Inventory ................................
4.8
1.4
-70.4%
Percent Under Contract ........................................
23.3%
68.3%
193.7%
Average Median Price for Last 12 Months ........
$444,231
$488,154
9.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$455
(in hundred thousands)
$560
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$488,154 DAYS ON MARKET**
67 PROPERTIES FOR SALE
41 shadow inventory
35 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Pasadena DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$676,000
$695,000
2.8%
Average Price per Square Foot ...........................
$421
$462
9.7%
Properties Sold .......................................................
91
117
28.6%
Properties Pending Sale .......................................
103
123
19.4%
Properties For Sale ................................................
229
120
-47.6%
Days on Market (Pending Sale) ...........................
85
50
-41.2%
Month’s Supply of Inventory ................................
2.5
1.0
-59.2%
Percent Under Contract ........................................
45.0%
102.5%
127.9%
Average Median Price for Last 12 Months ........
$589,846
$607,308
3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$695
M E D I A N
S A L E S
(in hundred thousands)
$676
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$607,308 DAYS ON MARKET**
69 PROPERTIES FOR SALE
120 shadow inventory
120 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
San Gabriel DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$503,000
$566,000
12.5%
Average Price per Square Foot ...........................
$370
$399
7.8%
Properties Sold .......................................................
20
26
30.0%
Properties Pending Sale .......................................
25
39
56.0%
Properties For Sale ................................................
97
49
-49.5%
Days on Market (Pending Sale) ...........................
86
46
-46.5%
Month’s Supply of Inventory ................................
4.9
1.9
-61.1%
Percent Under Contract ........................................
25.8%
79.6%
208.8%
Average Median Price for Last 12 Months ........
$538,231
$534,000
-0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$566
M E D I A N
S A L E S
(in hundred thousands)
$503
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$534,000 DAYS ON MARKET**
74 PROPERTIES FOR SALE
49 shadow inventory
28 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
San Marino DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$1,685,000
$1,968,000
16.8%
Average Price per Square Foot ...........................
$587
$707
20.4%
Properties Sold .......................................................
10
15
50.0%
Properties Pending Sale .......................................
16
13
-18.8%
Properties For Sale ................................................
33
14
-57.6%
Days on Market (Pending Sale) ...........................
76
20
-73.7%
Month’s Supply of Inventory ................................
3.3
0.9
-71.7%
Percent Under Contract ........................................
48.5%
92.9%
91.5%
Average Median Price for Last 12 Months ........
$1,614,769
$1,608,615
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.968
M E D I A N
S A L E S
(in hundred thousands)
$1.685
P R I C E
yearly trend
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$1,608,615 DAYS ON MARKET**
51 PROPERTIES FOR SALE
14 shadow inventory
4 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
Sierra Madre DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$590,000
$1,162,000
96.9%
Average Price per Square Foot ...........................
$400
$407
1.8%
Properties Sold .......................................................
12
4
-66.7%
Properties Pending Sale .......................................
10
12
20.0%
Properties For Sale ................................................
22
18
-18.2%
Days on Market (Pending Sale) ...........................
89
24
-73.0%
Month’s Supply of Inventory ................................
1.8
4.5
145.5%
Percent Under Contract ........................................
45.5%
66.7%
46.7%
Average Median Price for Last 12 Months ........
$694,154
$699,000
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
S A L E S
(in hundred thousands)
$1.162
P R I C E
yearly trend
M E D I A N
$590
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$699,000 DAYS ON MARKET**
71 PROPERTIES FOR SALE
18 shadow inventory
10 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
South Pasadena DATA*
APR 2012
APR 2013
% CHANGE
Median Price ..........................................................
$790,000
$975,000
23.4%
Average Price per Square Foot ...........................
$454
$496
9.3%
Properties Sold .......................................................
17
15
-11.8%
Properties Pending Sale .......................................
13
17
30.8%
Properties For Sale ................................................
13
15
15.4%
Days on Market (Pending Sale) ...........................
79
44
-44.3%
Month’s Supply of Inventory ................................
0.8
1.0
30.8%
Percent Under Contract ........................................
100.0%
113.3%
13.3%
Average Median Price for Last 12 Months ........
$876,692
$902,077
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
(in hundred thousands)
$975
P R I C E
yearly trend
M E D I A N
S A L E S
$790
APR
MAY
JUN
JUL
Micro Market Report : April 2013
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
telesintelligence.com
the numbers median sales price**
$902,077 DAYS ON MARKET**
59 PROPERTIES FOR SALE
15 shadow inventory
12 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
April 2013 : Micro Market Report
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References
CONTACTS:
Aleksey Tokhner Project Manager, Teles Intelligence aleksey.tokhner@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence APRIL 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.