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micro market report san gabriel valley DECEMBER 2012 | 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
Arcadia
La Canada Flintridge
Altadena
Eagle Rock
Pasadena
Micro Market Report : December 2012
telesintelligence.com
bay
los angeles
e county
san fernando
San Gabriel
South Pasadena
San Marino
December 2012 : Micro Market Report
San Gabriel Valley Macro Market DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$748,222
$789,000
5.4%
Average Price per Square Foot ...........................
$348
$395
13.4%
Properties Sold .......................................................
196
247
26.0%
Properties Pending Sale .......................................
146
211
44.5%
Properties For Sale ................................................
647
318
-50.9%
Days on Market (Pending Sale) ...........................
71
59
-16.4%
Month’s Supply of Inventory ................................
3.3
1.3
-61.0%
Percent Under Contract ........................................
22.6%
66.4%
194.0%
Average Median Price for Last 12 Months ........
$788,769
$742,915
-5.8%
*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.
$789
M E D I A N
S A L E S
(in hundred thousands)
$748
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
Altadena DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$500,000
$530,000
6.0%
Average Price per Square Foot ...........................
$298
$333
11.7%
Properties Sold .......................................................
22
33
50.0%
Properties Pending Sale .......................................
24
28
16.7%
Properties For Sale ................................................
85
40
-52.9%
Days on Market (Pending Sale) ...........................
55
52
-5.5%
Month’s Supply of Inventory ................................
3.9
1.2
-68.6%
Percent Under Contract ........................................
28.2%
70.0%
147.9%
Average Median Price for Last 12 Months ........
$447,308
$461,077
3.1%
*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.
$530
M E D I A N
S A L E S
(in hundred thousands)
$500
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$461,077 PROPERTIES FOR SALE
40 DAYS ON MARKET**
66 shadow inventory
119 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Arcadia DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,030,000
$1,245,000
20.9%
Average Price per Square Foot ...........................
$409
$456
11.5%
Properties Sold .......................................................
33
46
39.4%
Properties Pending Sale .......................................
25
32
28.0%
Properties For Sale ................................................
106
51
-51.9%
Days on Market (Pending Sale) ...........................
88
54
-38.6%
Month’s Supply of Inventory ................................
3.2
1.1
-65.5%
Percent Under Contract ........................................
23.6%
62.7%
166.0%
Average Median Price for Last 12 Months ........
$856,538
$947,231
10.6%
*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.
$1.245
M E D I A N
S A L E S
(in hundred thousands)
$1.030
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$947,231 PROPERTIES FOR SALE
51 DAYS ON MARKET**
68 shadow inventory
44 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Eagle Rock DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$455,000
$525,000
15.4%
Average Price per Square Foot ...........................
$298
$325
9.1%
Properties Sold .......................................................
13
11
-15.4%
Properties Pending Sale .......................................
8
11
37.5%
Properties For Sale ................................................
31
15
-51.6%
Days on Market (Pending Sale) ...........................
63
60
-4.8%
Month’s Supply of Inventory ................................
2.4
1.4
-42.8%
Percent Under Contract ........................................
25.8%
73.3%
184.2%
Average Median Price for Last 12 Months ........
$416,923
$490,538
17.7%
*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.
$525
M E D I A N
S A L E S
(in hundred thousands)
$455
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$490,538 PROPERTIES FOR SALE
15 DAYS ON MARKET**
64 shadow inventory
48 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
La Canada Flintridge DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$998,000
$1,208,000
21.0%
Average Price per Square Foot ...........................
$419
$509
21.5%
Properties Sold .......................................................
12
21
75.0%
Properties Pending Sale .......................................
12
22
83.3%
Properties For Sale ................................................
48
26
-45.8%
Days on Market (Pending Sale) ...........................
72
73
1.4%
Month’s Supply of Inventory ................................
4.0
1.2
-69.0%
Percent Under Contract ........................................
25.0%
84.6%
238.5%
Average Median Price for Last 12 Months ........
$1,074,923
$1,085,462
1.0%
*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.
S A L E S
(in hundred thousands)
$1.208
P R I C E
yearly trend
M E D I A N
$998
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,085,462 PROPERTIES FOR SALE
26 DAYS ON MARKET**
71 shadow inventory
43 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
Pasadena DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$538,000
$599,000
11.3%
Average Price per Square Foot ...........................
$365
$405
11.0%
Properties Sold .......................................................
76
91
19.7%
Properties Pending Sale .......................................
50
80
60.0%
Properties For Sale ................................................
247
115
-53.4%
Days on Market (Pending Sale) ...........................
72
67
-6.9%
Month’s Supply of Inventory ................................
3.3
1.3
-61.1%
Percent Under Contract ........................................
20.2%
69.6%
243.7%
Average Median Price for Last 12 Months ........
$580,385
$585,000
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.
$599
M E D I A N
S A L E S
(in hundred thousands)
$538
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$585,000 PROPERTIES FOR SALE
115 DAYS ON MARKET**
76 shadow inventory
210 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
San Gabriel DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$482,000
$590,000
22.4%
Average Price per Square Foot ...........................
$307
$354
15.3%
Properties Sold .......................................................
25
25
0.0%
Properties Pending Sale .......................................
17
23
35.3%
Properties For Sale ................................................
90
48
-46.7%
Days on Market (Pending Sale) ...........................
85
59
-30.6%
Month’s Supply of Inventory ................................
3.6
1.9
-46.7%
Percent Under Contract ........................................
18.9%
47.9%
153.7%
Average Median Price for Last 12 Months ........
$547,154
$521,769
-4.6%
*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.
$590
M E D I A N
S A L E S
(in hundred thousands)
$482
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$521,769 PROPERTIES FOR SALE
48 DAYS ON MARKET**
76 shadow inventory
41 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
San Marino DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$1,816,000
$1,510,000
-16.9%
Average Price per Square Foot ...........................
$635
$626
-1.4%
Properties Sold .......................................................
8
10
25.0%
Properties Pending Sale .......................................
3
8
166.7%
Properties For Sale ................................................
19
8
-57.9%
Days on Market (Pending Sale) ...........................
61
45
-26.2%
Month’s Supply of Inventory ................................
2.4
0.8
-66.3%
Percent Under Contract ........................................
15.8%
100.0%
533.3%
Average Median Price for Last 12 Months ........
$1,521,385
$1,694,615
11.4%
*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
$1.510
S A L E S
$1.816
(in hundred thousands)
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$1,694,615 PROPERTIES FOR SALE
8 DAYS ON MARKET**
62 shadow inventory
5 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
South Pasadena DATA*
DEC 2011
DEC 2012
% CHANGE
Median Price ..........................................................
$915,000
$894,000
-2.3%
Average Price per Square Foot ...........................
$404
$548
35.6%
Properties Sold .......................................................
7
10
42.9%
Properties Pending Sale .......................................
7
7
0.0%
Properties For Sale ................................................
21
15
-28.6%
Days on Market (Pending Sale) ...........................
72
65
-9.7%
Month’s Supply of Inventory ................................
3.0
1.5
-50.0%
Percent Under Contract ........................................
33.3%
46.7%
40.0%
Average Median Price for Last 12 Months ........
$865,538
$900,538
4.0%
*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.
M E D I A N
S A L E S
$894
(in hundred thousands)
$915
P R I C E
yearly trend
DEC
JAN
FEB
MAR
Micro Market Report : December 2012
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
telesintelligence.com
the numbers median sales price**
$900,538 PROPERTIES FOR SALE
15 DAYS ON MARKET**
62 shadow inventory
14 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
December 2012 : Micro Market Report
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References
CONTACTS:
Zachariah Kahn Research & Data Designer, Teles Intelligence zach@telesintelligence.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com
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Phone:
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