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micro market report san gabriel valley July 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 : July 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
July 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$731,444
$898,556
22.8%
Average Price per Square Foot ...........................
$373
$424
13.7%
Properties Sold .......................................................
254
301
18.5%
Properties Pending Sale .......................................
272
316
16.2%
Properties For Sale ................................................
606
560
-7.6%
Days on Market (Pending Sale) ...........................
57
46
-18.7%
Month’s Supply of Inventory ................................
2.4
1.9
-22.0%
Percent Under Contract ........................................
44.9%
56.4%
25.7%
Average Median Price for Last 12 Months ........
$805,135
$798,385
-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.
$898
M E D I A N
S A L E S
(in hundred thousands)
$731
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Altadena DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$480,000
$611,000
27.3%
Average Price per Square Foot ...........................
$334
$373
11.7%
Properties Sold .......................................................
31
54
74.2%
Properties Pending Sale .......................................
34
51
50.0%
Properties For Sale ................................................
59
54
-8.5%
Days on Market (Pending Sale) ...........................
55
51
-7.3%
Month’s Supply of Inventory ................................
1.9
1
-47.5%
Percent Under Contract ........................................
57.6%
94.4%
63.9%
Average Median Price for Last 12 Months ........
$437,154
$523,077
19.7%
*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.
(in hundred thousands)
$611
P R I C E
yearly trend
M E D I A N
S A L E S
$480
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$523,077
PROPERTIES FOR SALE
54
DAYS ON MARKET**
59
shadow inventory
63
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Arcadia DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$885,000
$1,290,000
45.8%
Average Price per Square Foot ...........................
$414
$525
26.8%
Properties Sold .......................................................
43
43
0.0%
Properties Pending Sale .......................................
47
47
0.0%
Properties For Sale ................................................
140
115
-17.9%
Days on Market (Pending Sale) ...........................
42
39
-7.1%
Month’s Supply of Inventory ................................
3.3
2.7
-17.9%
Percent Under Contract ........................................
33.6%
40.9%
21.7%
Average Median Price for Last 12 Months ........
$849,615
$1,105,538
30.1%
*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.
(in hundred thousands)
$1.290
P R I C E
yearly trend
M E D I A N
S A L E S
$885
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,105,538
PROPERTIES FOR SALE
115
DAYS ON MARKET**
53
shadow inventory
26
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Duarte DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$340,000
$430,000
26.5%
Average Price per Square Foot ...........................
$251
$315
25.5%
Properties Sold .......................................................
17
14
-17.6%
Properties Pending Sale .......................................
26
17
-34.6%
Properties For Sale ................................................
38
17
-55.3%
Days on Market (Pending Sale) ...........................
125
51
-59.2%
Month’s Supply of Inventory ................................
2.2
1.2
-45.7%
Percent Under Contract ........................................
68.4%
100.0%
46.2%
Average Median Price for Last 12 Months ........
$302,154
$344,385
14.0%
*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.
$430
M E D I A N
S A L E S
(in hundred thousands)
$340
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$344,385
PROPERTIES FOR SALE
17
DAYS ON MARKET**
73
shadow inventory
30
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Eagle Rock DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$453,000
$610,000
34.7%
Average Price per Square Foot ...........................
$345
$395
14.5%
Properties Sold .......................................................
18
21
16.7%
Properties Pending Sale .......................................
20
18
-10.0%
Properties For Sale ................................................
34
26
-23.5%
Days on Market (Pending Sale) ...........................
66
42
-36.4%
Month’s Supply of Inventory ................................
1.9
1.2
-34.5%
Percent Under Contract ........................................
58.8%
69.2%
17.7%
Average Median Price for Last 12 Months ........
$449,154
$514,231
14.5%
*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.
(in hundred thousands)
$610
P R I C E
yearly trend
M E D I A N
S A L E S
$453
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$514,231
PROPERTIES FOR SALE
26
DAYS ON MARKET**
57
shadow inventory
27
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
La Canada Flintridge DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$902,000
$1,303,000
44.5%
Average Price per Square Foot ...........................
$467
$507
8.6%
Properties Sold .......................................................
18
30
66.7%
Properties Pending Sale .......................................
22
32
45.5%
Properties For Sale ................................................
59
65
10.2%
Days on Market (Pending Sale) ...........................
49
44
-10.2%
Month’s Supply of Inventory ................................
3.3
2.2
-33.9%
Percent Under Contract ........................................
37.3%
49.2%
32.0%
Average Median Price for Last 12 Months ........
$1,021,769
$1,216,154
19.0%
*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)
$1.303
P R I C E
yearly trend
M E D I A N
$902
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,216,154
PROPERTIES FOR SALE
65
DAYS ON MARKET**
67
shadow inventory
35
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Monrovia DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$433,000
$578,000
33.5%
Average Price per Square Foot ...........................
$308
$385
25.0%
Properties Sold .......................................................
33
35
6.1%
Properties Pending Sale .......................................
24
38
58.3%
Properties For Sale ................................................
66
56
-15.2%
Days on Market (Pending Sale) ...........................
65
51
-21.5%
Month’s Supply of Inventory ................................
2
1.6
-20.0%
Percent Under Contract ........................................
36.4%
67.9%
86.6%
Average Median Price for Last 12 Months ........
$454,846
$502,231
10.4%
*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.
(in hundred thousands)
$578
P R I C E
yearly trend
M E D I A N
S A L E S
$433
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$502,231
PROPERTIES FOR SALE
56
DAYS ON MARKET**
56
shadow inventory
34
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Pasadena DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$590,000
$679,000
15.1%
Average Price per Square Foot ...........................
$401
$485
20.9%
Properties Sold .......................................................
91
99
8.8%
Properties Pending Sale .......................................
88
113
28.4%
Properties For Sale ................................................
184
184
0.0%
Days on Market (Pending Sale) ...........................
71
46
-35.2%
Month’s Supply of Inventory ................................
2
1.9
-8.1%
Percent Under Contract ........................................
47.8%
61.4%
28.4%
Average Median Price for Last 12 Months ........
$583,923
$626,462
7.3%
*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.
$679
M E D I A N
S A L E S
(in hundred thousands)
$590
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$626,462
PROPERTIES FOR SALE
184
DAYS ON MARKET**
61
shadow inventory
101
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
San Gabriel DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$569,000
$617,000
8.4%
Average Price per Square Foot ...........................
$314
$384
22.3%
Properties Sold .......................................................
22
25
13.6%
Properties Pending Sale .......................................
28
28
0.0%
Properties For Sale ................................................
81
79
-2.5%
Days on Market (Pending Sale) ...........................
91
63
-30.8%
Month’s Supply of Inventory ................................
3.7
3.2
-14.2%
Percent Under Contract ........................................
34.6%
35.4%
2.5%
Average Median Price for Last 12 Months ........
$534,692
$560,231
4.8%
*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.
$617
M E D I A N
S A L E S
(in hundred thousands)
$569
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$560,231
PROPERTIES FOR SALE
79
DAYS ON MARKET**
68
shadow inventory
26
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
San Marino DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,825,000
$1,777,000
-2.6%
Average Price per Square Foot ...........................
$628
$686
9.2%
Properties Sold .......................................................
19
14
-26.3%
Properties Pending Sale .......................................
23
14
-39.1%
Properties For Sale ................................................
23
17
-26.1%
Days on Market (Pending Sale) ...........................
45
49
8.9%
Month’s Supply of Inventory ................................
1.2
1.2
0.3%
Percent Under Contract ........................................
100.0%
82.4%
-17.6%
Average Median Price for Last 12 Months ........
$1,684,000
$1,686,154
0.1%
*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
$1.777
(in hundred thousands)
$1.825
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$1,686,154
PROPERTIES FOR SALE
17
DAYS ON MARKET**
49
shadow inventory
2
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
Sierra Madre DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$1,125,000
$820,000
-27.1%
Average Price per Square Foot ...........................
$354
$444
25.4%
Properties Sold .......................................................
5
16
220.0%
Properties Pending Sale .......................................
10
11
10.0%
Properties For Sale ................................................
26
17
-34.6%
Days on Market (Pending Sale) ...........................
48
62
29.2%
Month’s Supply of Inventory ................................
5.2
1.1
-79.6%
Percent Under Contract ........................................
38.5%
64.7%
68.2%
Average Median Price for Last 12 Months ........
$716,615
$747,769
4.3%
*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
$820
S A L E S
$1.125
(in hundred thousands)
P R I C E
yearly trend
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$747,769
PROPERTIES FOR SALE
17
DAYS ON MARKET**
69
shadow inventory
5
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 2013 : Micro Market Report
South Pasadena DATA*
Jul 2012
Jul 2013
% CHANGE
Median Price ..........................................................
$879,000
$1,200,000
36.5%
Average Price per Square Foot ...........................
$458
$465
1.5%
Properties Sold .......................................................
12
15
25.0%
Properties Pending Sale .......................................
10
13
30.0%
Properties For Sale ................................................
26
20
-23.1%
Days on Market (Pending Sale) ...........................
36
36
0.0%
Month’s Supply of Inventory ................................
2.2
1.3
-38.5%
Percent Under Contract ........................................
38.5%
65.0%
69.0%
Average Median Price for Last 12 Months ........
$880,769
$953,615
8.3%
*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.
(in hundred thousands)
$1.200
P R I C E
yearly trend
M E D I A N
S A L E S
$879
Jul
Aug
Sep
Oct
Micro Market Report : July 2013
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
telesintelligence.com
the numbers median sales price**
$953,615
PROPERTIES FOR SALE
20
DAYS ON MARKET**
50
shadow inventory
11
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
July 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 July 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.