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micro market report san gabriel valley December 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 : December 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
December 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$777,444
$894,222
15.0%
Average Price per Square Foot ...........................
$394
$456
15.8%
Properties Sold .......................................................
261
226
-13.4%
Properties Pending Sale .......................................
212
198
-6.6%
Properties For Sale ................................................
318
341
7.2%
Days on Market (Pending Sale) ...........................
60
46
-23.5%
Month’s Supply of Inventory ................................
1.2
1.5
23.8%
Percent Under Contract ........................................
66.7%
58.1%
-12.9%
Average Median Price for Last 12 Months ........
$826,283
$838,949
1.5%
*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.
$894
M E D I A N
S A L E S
(in hundred thousands)
$777
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Altadena DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$532,000
$588,000
10.5%
Average Price per Square Foot ...........................
$337
$385
14.2%
Properties Sold .......................................................
34
37
8.8%
Properties Pending Sale .......................................
29
30
3.4%
Properties For Sale ................................................
40
43
7.5%
Days on Market (Pending Sale) ...........................
53
52
-1.9%
Month’s Supply of Inventory ................................
1.2
1.2
-1.2%
Percent Under Contract ........................................
72.5%
69.8%
-3.8%
Average Median Price for Last 12 Months ........
$461,231
$565,923
22.7%
*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.
$588
M E D I A N
S A L E S
(in hundred thousands)
$532
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$565,923
PROPERTIES FOR SALE
43
DAYS ON MARKET**
50
shadow inventory
61
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Arcadia DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,238,000
$1,350,000
9.0%
Average Price per Square Foot ...........................
$454
$572
26.0%
Properties Sold .......................................................
49
36
-26.5%
Properties Pending Sale .......................................
32
34
6.2%
Properties For Sale ................................................
51
70
37.3%
Days on Market (Pending Sale) ...........................
54
46
-14.8%
Month’s Supply of Inventory ................................
1
1.9
86.8%
Percent Under Contract ........................................
62.7%
48.6%
-22.6%
Average Median Price for Last 12 Months ........
$947,308
$1,199,692
26.6%
*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.
$1.350
M E D I A N
S A L E S
(in hundred thousands)
$1.238
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,199,692
PROPERTIES FOR SALE
70
DAYS ON MARKET**
47
shadow inventory
19
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Duarte DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$312,000
$360,000
15.4%
Average Price per Square Foot ...........................
$260
$344
32.3%
Properties Sold .......................................................
16
9
-43.8%
Properties Pending Sale .......................................
10
12
20.0%
Properties For Sale ................................................
15
21
40.0%
Days on Market (Pending Sale) ...........................
68
75
10.3%
Month’s Supply of Inventory ................................
0.9
2.3
148.9%
Percent Under Contract ........................................
66.7%
57.1%
-14.3%
Average Median Price for Last 12 Months ........
$312,692
$374,462
19.8%
*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.
M E D I A N
S A L E S
$312
(in hundred thousands)
$360
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$374,462
PROPERTIES FOR SALE
21
DAYS ON MARKET**
53
shadow inventory
34
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Eagle Rock DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$525,000
$579,000
10.3%
Average Price per Square Foot ...........................
$329
$452
37.4%
Properties Sold .......................................................
13
8
-38.5%
Properties Pending Sale .......................................
12
3
-75.0%
Properties For Sale ................................................
15
10
-33.3%
Days on Market (Pending Sale) ...........................
64
52
-18.8%
Month’s Supply of Inventory ................................
1.2
1.2
8.3%
Percent Under Contract ........................................
80.0%
30.0%
-62.5%
Average Median Price for Last 12 Months ........
$490,538
$542,308
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.
$579
M E D I A N
S A L E S
(in hundred thousands)
$525
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$542,308
PROPERTIES FOR SALE
10
DAYS ON MARKET**
45
shadow inventory
26
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
La Canada Flintridge DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,204,000
$1,255,000
4.2%
Average Price per Square Foot ...........................
$509
$497
-2.4%
Properties Sold .......................................................
22
18
-18.2%
Properties Pending Sale .......................................
21
21
0.0%
Properties For Sale ................................................
26
31
19.2%
Days on Market (Pending Sale) ...........................
70
57
-18.6%
Month’s Supply of Inventory ................................
1.2
1.7
45.7%
Percent Under Contract ........................................
80.8%
67.7%
-16.1%
Average Median Price for Last 12 Months ........
$1,085,154
$1,232,923
13.6%
*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.
$1.255
M E D I A N
S A L E S
(in hundred thousands)
$1.204
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,232,923
PROPERTIES FOR SALE
31
DAYS ON MARKET**
62
shadow inventory
15
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Monrovia DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$478,000
$558,000
16.7%
Average Price per Square Foot ...........................
$340
$389
14.4%
Properties Sold .......................................................
26
21
-19.2%
Properties Pending Sale .......................................
20
18
-10.0%
Properties For Sale ................................................
38
42
10.5%
Days on Market (Pending Sale) ...........................
50
62
24.0%
Month’s Supply of Inventory ................................
1.5
2
36.8%
Percent Under Contract ........................................
52.6%
42.9%
-18.6%
Average Median Price for Last 12 Months ........
$465,154
$529,692
13.9%
*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.
$558
M E D I A N
S A L E S
(in hundred thousands)
$478
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$529,692
PROPERTIES FOR SALE
42
DAYS ON MARKET**
54
shadow inventory
30
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Pasadena DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$594,000
$745,000
25.4%
Average Price per Square Foot ...........................
$405
$476
17.5%
Properties Sold .......................................................
96
77
-19.8%
Properties Pending Sale .......................................
80
73
-8.8%
Properties For Sale ................................................
115
123
7.0%
Days on Market (Pending Sale) ...........................
65
45
-30.8%
Month’s Supply of Inventory ................................
1.2
1.6
33.3%
Percent Under Contract ........................................
69.6%
59.3%
-14.7%
Average Median Price for Last 12 Months ........
$584,615
$676,000
15.6%
*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.
$745
M E D I A N
S A L E S
(in hundred thousands)
$594
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$676,000
PROPERTIES FOR SALE
123
DAYS ON MARKET**
52
shadow inventory
89
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
San Gabriel DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$590,000
$637,000
8.0%
Average Price per Square Foot ...........................
$353
$388
9.9%
Properties Sold .......................................................
26
28
7.7%
Properties Pending Sale .......................................
23
19
-17.4%
Properties For Sale ................................................
48
44
-8.3%
Days on Market (Pending Sale) ...........................
58
51
-12.1%
Month’s Supply of Inventory ................................
1.8
1.6
-14.9%
Percent Under Contract ........................................
47.9%
43.2%
-9.9%
Average Median Price for Last 12 Months ........
$521,769
$597,846
14.6%
*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.
$637
M E D I A N
S A L E S
(in hundred thousands)
$590
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$597,846
PROPERTIES FOR SALE
44
DAYS ON MARKET**
54
shadow inventory
18
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
San Marino DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$1,420,000
$2,070,000
45.8%
Average Price per Square Foot ...........................
$612
$751
22.7%
Properties Sold .......................................................
11
14
27.3%
Properties Pending Sale .......................................
9
11
22.2%
Properties For Sale ................................................
8
9
12.5%
Days on Market (Pending Sale) ...........................
48
38
-20.8%
Month’s Supply of Inventory ................................
0.7
0.6
-11.6%
Percent Under Contract ........................................
112.5%
122.2%
8.6%
Average Median Price for Last 12 Months ........
$1,687,692
$1,785,385
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.
S A L E S
(in hundred thousands)
$2.070
P R I C E
yearly trend
M E D I A N
$1.420
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$1,785,385
PROPERTIES FOR SALE
9
DAYS ON MARKET**
43
shadow inventory
5
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
Sierra Madre DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$608,000
$725,000
19.2%
Average Price per Square Foot ...........................
$395
$436
10.4%
Properties Sold .......................................................
12
7
-41.7%
Properties Pending Sale .......................................
6
7
16.7%
Properties For Sale ................................................
17
17
0.0%
Days on Market (Pending Sale) ...........................
81
63
-22.2%
Month’s Supply of Inventory ................................
1.4
2.4
71.4%
Percent Under Contract ........................................
35.3%
41.2%
16.7%
Average Median Price for Last 12 Months ........
$675,308
$785,692
16.3%
*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
$608
S A L E S
$725
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$785,692
PROPERTIES FOR SALE
17
DAYS ON MARKET**
60
shadow inventory
3
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 2013 : Micro Market Report
South Pasadena DATA*
Dec 2012
Dec 2013
% CHANGE
Median Price ..........................................................
$894,000
$824,000
-7.8%
Average Price per Square Foot ...........................
$548
$585
6.8%
Properties Sold .......................................................
10
8
-20.0%
Properties Pending Sale .......................................
6
7
16.7%
Properties For Sale ................................................
15
11
-26.7%
Days on Market (Pending Sale) ...........................
65
24
-63.1%
Month’s Supply of Inventory ................................
1.5
1.4
-8.3%
Percent Under Contract ........................................
40.0%
63.6%
59.1%
Average Median Price for Last 12 Months ........
$900,538
$950,462
5.5%
*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
$824
S A L E S
$894
(in hundred thousands)
P R I C E
yearly trend
Dec
Jan
Feb
Mar
Micro Market Report : December 2013
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
telesintelligence.com
the numbers median sales price**
$950,462
PROPERTIES FOR SALE
11
DAYS ON MARKET**
43
shadow inventory
11
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
December 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 December 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.