San Gabriel Valley Micro Market Report: July 2013

Teles intelligence

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.