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micro market report san gabriel valley FEBRUARY 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 : February 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
February 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$777,111
$823,667
6.0%
Average Price per Square Foot ...........................
$363
$390
7.4%
Properties Sold .......................................................
153
176
15.0%
Properties Pending Sale .......................................
198
222
12.1%
Properties For Sale ................................................
691
371
-46.3%
Days on Market (Pending Sale) ...........................
83
74
-11.2%
Month’s Supply of Inventory ................................
4.5
2.1
-53.3%
Percent Under Contract ........................................
28.7%
59.8%
108.8%
Average Median Price for Last 12 Months ........
$795,875
$747,487
-6.1%
*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.
$824
M E D I A N
S A L E S
(in hundred thousands)
$777
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
Altadena DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$429,000
$495,000
15.4%
Average Price per Square Foot ...........................
$287
$328
14.3%
Properties Sold .......................................................
28
36
28.6%
Properties Pending Sale .......................................
36
42
16.7%
Properties For Sale ................................................
87
49
-43.7%
Days on Market (Pending Sale) ...........................
87
82
-5.7%
Month’s Supply of Inventory ................................
3.1
1.4
-56.2%
Percent Under Contract ........................................
41.4%
85.7%
107.1%
Average Median Price for Last 12 Months ........
$443,231
$467,000
5.4%
*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.
$495
M E D I A N
S A L E S
(in hundred thousands)
$429
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$467,000 PROPERTIES FOR SALE
49 DAYS ON MARKET**
67 shadow inventory
80 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Arcadia DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$788,000
$1,100,000
39.6%
Average Price per Square Foot ...........................
$367
$433
18.0%
Properties Sold .......................................................
28
32
14.3%
Properties Pending Sale .......................................
36
40
11.1%
Properties For Sale ................................................
115
51
-55.7%
Days on Market (Pending Sale) ...........................
89
69
-22.5%
Month’s Supply of Inventory ................................
4.1
1.6
-61.2%
Percent Under Contract ........................................
31.3%
78.4%
150.5%
Average Median Price for Last 12 Months ........
$850,462
$957,462
12.6%
*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.
S A L E S
(in hundred thousands)
$1.100
P R I C E
yearly trend
M E D I A N
$788
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$957,462 PROPERTIES FOR SALE
51 DAYS ON MARKET**
65 shadow inventory
33 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Duarte DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$367,000
$318,000
-13.4%
Average Price per Square Foot ...........................
$232
$246
6.0%
Properties Sold .......................................................
17
8
-52.9%
Properties Pending Sale .......................................
25
16
-36.0%
Properties For Sale ................................................
45
18
-60.0%
Days on Market (Pending Sale) ...........................
77
61
-20.8%
Month’s Supply of Inventory ................................
2.6
2.3
-15.0%
Percent Under Contract ........................................
55.6%
88.9%
60.0%
Average Median Price for Last 12 Months ........
$289,308
$318,538
10.1%
*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.
M E D I A N
S A L E S
$318
(in hundred thousands)
$367
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$318,538 PROPERTIES FOR SALE
18 DAYS ON MARKET**
88 shadow inventory
34 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Eagle Rock DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$550,000
$505,000
-8.2%
Average Price per Square Foot ...........................
$315
$350
11.1%
Properties Sold .......................................................
9
13
44.4%
Properties Pending Sale .......................................
11
13
18.2%
Properties For Sale ................................................
42
16
-61.9%
Days on Market (Pending Sale) ...........................
53
67
26.4%
Month’s Supply of Inventory ................................
4.7
1.2
-73.6%
Percent Under Contract ........................................
26.2%
81.3%
210.2%
Average Median Price for Last 12 Months ........
$436,769
$492,846
12.8%
*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.
$550
M E D I A N
S A L E S
(in hundred thousands)
$505
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$492,846 PROPERTIES FOR SALE
16 DAYS ON MARKET**
66 shadow inventory
28 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
La Canada Flintridge DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$880,000
$1,165,000
32.4%
Average Price per Square Foot ...........................
$435
$451
3.7%
Properties Sold .......................................................
10
13
30.0%
Properties Pending Sale .......................................
13
15
15.4%
Properties For Sale ................................................
56
37
-33.9%
Days on Market (Pending Sale) ...........................
91
130
42.9%
Month’s Supply of Inventory ................................
5.6
2.8
-49.2%
Percent Under Contract ........................................
23.2%
40.5%
74.6%
Average Median Price for Last 12 Months ........
$1,061,846
$1,106,923
4.2%
*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.
S A L E S
(in hundred thousands)
$1.165
P R I C E
yearly trend
M E D I A N
$880
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,106,923 PROPERTIES FOR SALE
37 DAYS ON MARKET**
79 shadow inventory
39 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Monrovia DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$419,000
$555,000
32.5%
Average Price per Square Foot ...........................
$251
$331
31.9%
Properties Sold .......................................................
13
25
92.3%
Properties Pending Sale .......................................
19
24
26.3%
Properties For Sale ................................................
72
45
-37.5%
Days on Market (Pending Sale) ...........................
119
42
-64.7%
Month’s Supply of Inventory ................................
5.5
1.8
-67.5%
Percent Under Contract ........................................
26.4%
53.3%
102.1%
Average Median Price for Last 12 Months ........
$439,462
$483,538
10.0%
*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.
(in hundred thousands)
$555
P R I C E
yearly trend
M E D I A N
S A L E S
$419
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$483,538 PROPERTIES FOR SALE
45 DAYS ON MARKET**
77 shadow inventory
39 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Pasadena DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$590,000
$648,000
9.8%
Average Price per Square Foot ...........................
$413
$424
2.7%
Properties Sold .......................................................
55
57
3.6%
Properties Pending Sale .......................................
69
72
4.3%
Properties For Sale ................................................
262
143
-45.4%
Days on Market (Pending Sale) ...........................
89
60
-32.6%
Month’s Supply of Inventory ................................
4.8
2.5
-47.3%
Percent Under Contract ........................................
26.3%
50.3%
91.2%
Average Median Price for Last 12 Months ........
$582,538
$599,538
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.
$648
M E D I A N
S A L E S
(in hundred thousands)
$590
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$599,538 PROPERTIES FOR SALE
143 DAYS ON MARKET**
74 shadow inventory
132 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
San Gabriel DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$465,000
$560,000
20.4%
Average Price per Square Foot ...........................
$333
$369
10.8%
Properties Sold .......................................................
10
13
30.0%
Properties Pending Sale .......................................
15
21
40.0%
Properties For Sale ................................................
80
46
-42.5%
Days on Market (Pending Sale) ...........................
63
79
25.4%
Month’s Supply of Inventory ................................
8.0
3.5
-55.8%
Percent Under Contract ........................................
18.8%
45.7%
143.5%
Average Median Price for Last 12 Months ........
$538,154
$528,538
-1.8%
*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.
$560
M E D I A N
S A L E S
(in hundred thousands)
$465
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$528,538 PROPERTIES FOR SALE
46 DAYS ON MARKET**
79 shadow inventory
24 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
San Marino DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$2,575,000
$2,000,000
-22.3%
Average Price per Square Foot ...........................
$719
$704
-2.1%
Properties Sold .......................................................
2
7
250.0%
Properties Pending Sale .......................................
9
10
11.1%
Properties For Sale ................................................
30
14
-53.3%
Days on Market (Pending Sale) ...........................
128
39
-69.5%
Month’s Supply of Inventory ................................
15.0
2.0
-86.7%
Percent Under Contract ........................................
30.0%
71.4%
138.1%
Average Median Price for Last 12 Months ........
$1,590,538
$1,673,308
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.
M E D I A N
S A L E S
$2.000
(in hundred thousands)
$2.575
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$1,673,308 PROPERTIES FOR SALE
14 DAYS ON MARKET**
64 shadow inventory
3 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
Sierra Madre DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$910,000
$522,000
-42.6%
Average Price per Square Foot ...........................
$361
$447
23.8%
Properties Sold .......................................................
9
10
11.1%
Properties Pending Sale .......................................
9
12
33.3%
Properties For Sale ................................................
28
17
-39.3%
Days on Market (Pending Sale) ...........................
136
22
-83.8%
Month’s Supply of Inventory ................................
3.1
1.7
-45.4%
Percent Under Contract ........................................
32.1%
70.6%
119.6%
Average Median Price for Last 12 Months ........
$704,000
$668,538
-5.0%
*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
$522
S A L E S
$910
(in hundred thousands)
P R I C E
yearly trend
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$668,538 PROPERTIES FOR SALE
17 DAYS ON MARKET**
76 shadow inventory
13 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : Micro Market Report
South Pasadena DATA*
FEB 2012
FEB 2013
% CHANGE
Median Price ..........................................................
$717,000
$940,000
31.1%
Average Price per Square Foot ...........................
$400
$453
13.3%
Properties Sold .......................................................
11
5
-54.5%
Properties Pending Sale .......................................
9
9
0.0%
Properties For Sale ................................................
19
15
-21.1%
Days on Market (Pending Sale) ...........................
62
62
0.0%
Month’s Supply of Inventory ................................
1.7
3.0
73.7%
Percent Under Contract ........................................
47.4%
60.0%
26.7%
Average Median Price for Last 12 Months ........
$863,462
$901,769
4.4%
*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.
S A L E S
(in hundred thousands)
$940
P R I C E
yearly trend
M E D I A N
$717
FEB
MAR
APR
MAY
Micro Market Report : February 2013
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
telesintelligence.com
the numbers median sales price**
$901,769 PROPERTIES FOR SALE
15 DAYS ON MARKET**
62 shadow inventory
10 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
February 2013 : 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
location:
Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049
Phone:
424.203.1800 email:
info@telesintelligence.com
Teles intelligence FEBRUARY 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.