Teles intelligence
micro market report san gabriel valley JUNE 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 : June 2012
telesintelligence.com
bay
los angeles
e county
san fernando
San Gabriel
South Pasadena
San Marino
June 2012 : Micro Market Report
San Gabriel Valley Macro Market DATA *
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$669,778
$693,222
3.5%
Average Price per Square Foot ...........................
$361
$380
5.3%
Properties Sold .......................................................
252
279
10.7%
Properties Pending Sale .......................................
268
276
3.0%
Properties For Sale ................................................
922
624
-32.3%
Days on Market (Pending Sale) ...........................
74
72
-3.0%
Month’s Supply of Inventory ................................
3.7
2.2
-38.9%
Percent Under Contract ........................................
29.1%
44.2%
52.2%
Average Median Price for Last 12 Months ........
$817,250
$710,547
-13.1%
*Information obtained from iTech MLS and Foreclosure Radar for all areas in San Gabriel Valley Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
$693
M E D I A N
S A L E S
(in hundred thousands)
$670
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
Altadena DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$475,000
$418,000
-12.0%
Average Price per Square Foot ...........................
$328
$308
-6.1%
Properties Sold .......................................................
33
44
33.3%
Properties Pending Sale .......................................
42
47
11.9%
Properties For Sale ................................................
116
55
-52.6%
Days on Market (Pending Sale) ...........................
73
75
2.7%
Month’s Supply of Inventory ................................
3.5
1.3
-64.4%
Percent Under Contract ........................................
36.2%
85.5%
136.0%
Average Median Price for Last 12 Months ........
$506,000
$436,538
-13.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$418
S A L E S
$475
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$436,538
PROPERTIES FOR SALE
55
DAYS ON MARKET**
71
SHADOW INVENTORY
163
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Arcadia DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$865,000
$808,000
-6.6%
Average Price per Square Foot ...........................
$398
$413
3.8%
Properties Sold .......................................................
40
47
17.5%
Properties Pending Sale .......................................
41
38
-7.3%
Properties For Sale ................................................
159
121
-23.9%
Days on Market (Pending Sale) ...........................
62
67
8.1%
Month’s Supply of Inventory ................................
4.0
2.6
-35.2%
Percent Under Contract ........................................
25.8%
31.4%
21.8%
Average Median Price for Last 12 Months ........
$837,154
$851,154
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$808
(in hundred thousands)
$865
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$851,154
PROPERTIES FOR SALE
121
DAYS ON MARKET**
68
SHADOW INVENTORY
65
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Eagle Rock DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$388,000
$550,000
41.8%
Average Price per Square Foot ...........................
$334
$345
3.3%
Properties Sold .......................................................
11
17
54.5%
Properties Pending Sale .......................................
12
15
25.0%
Properties For Sale ................................................
37
35
-5.4%
Days on Market (Pending Sale) ...........................
100
92
-8.0%
Month’s Supply of Inventory ................................
3.4
2.1
-38.8%
Percent Under Contract ........................................
32.4%
42.9%
32.1%
Average Median Price for Last 12 Months ........
$441,231
$444,077
0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. 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)
$388
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$444,077
PROPERTIES FOR SALE
35
DAYS ON MARKET**
61
SHADOW INVENTORY
60
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
La Canada Flintridge DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,160,000
$950,000
-18.1%
Average Price per Square Foot ...........................
$435
$458
5.3%
Properties Sold .......................................................
31
21
-32.3%
Properties Pending Sale .......................................
26
19
-26.9%
Properties For Sale ................................................
96
75
-21.9%
Days on Market (Pending Sale) ...........................
58
83
43.1%
Month’s Supply of Inventory ................................
3.1
3.6
15.3%
Percent Under Contract ........................................
27.1%
25.3%
-6.5%
Average Median Price for Last 12 Months ........
$1,142,462
$1,045,750
-8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$950
S A L E S
$1.160
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,038,385
PROPERTIES FOR SALE
75
DAYS ON MARKET**
74
SHADOW INVENTORY
62
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
Pasadena DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$610,000
$610,000
0.0%
Average Price per Square Foot ...........................
$402
$390
-3.0%
Properties Sold .......................................................
90
109
21.1%
Properties Pending Sale .......................................
96
108
12.5%
Properties For Sale ................................................
333
193
-42.0%
Days on Market (Pending Sale) ...........................
85
82
-3.5%
Month’s Supply of Inventory ................................
3.7
1.8
-52.1%
Percent Under Contract ........................................
28.8%
56.0%
94.1%
Average Median Price for Last 12 Months ........
$585,538
$582,538
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$610
M E D I A N
S A L E S
(in hundred thousands)
$610
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$582,538
PROPERTIES FOR SALE
193
DAYS ON MARKET**
79
SHADOW INVENTORY
292
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
San Gabriel DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$535,000
$524,000
-2.1%
Average Price per Square Foot ...........................
$312
$365
17.0%
Properties Sold .......................................................
22
26
18.2%
Properties Pending Sale .......................................
28
25
-10.7%
Properties For Sale ................................................
116
86
-25.9%
Days on Market (Pending Sale) ...........................
83
45
-45.8%
Month’s Supply of Inventory ................................
5.3
3.3
-37.3%
Percent Under Contract ........................................
24.1%
29.1%
20.4%
Average Median Price for Last 12 Months ........
$525,462
$533,308
1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
S A L E S
$524
(in hundred thousands)
$535
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$533,308
PROPERTIES FOR SALE
86
DAYS ON MARKET**
68
SHADOW INVENTORY
74
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
San Marino DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$1,145,000
$1,719,000
50.1%
Average Price per Square Foot ...........................
$595
$638
7.2%
Properties Sold .......................................................
10
10
0.0%
Properties Pending Sale .......................................
12
17
41.7%
Properties For Sale ................................................
39
34
-12.8%
Days on Market (Pending Sale) ...........................
65
42
-35.4%
Month’s Supply of Inventory ................................
3.9
3.4
-12.8%
Percent Under Contract ........................................
30.8%
50.0%
62.5%
Average Median Price for Last 12 Months ........
$1,681,462
$1,630,385
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$1.145
S A L E S
$1.719
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$1,630,385
PROPERTIES FOR SALE
34
DAYS ON MARKET**
67
SHADOW INVENTORY
8
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
South Pasadena DATA
JUN 2011
JUN 2012
% CHANGE
Median Price ..........................................................
$850,000
$660,000
-22.4%
Average Price per Square Foot ...........................
$441
$500
13.4%
Properties Sold .......................................................
15
5
-66.7%
Properties Pending Sale .......................................
11
7
-36.4%
Properties For Sale ................................................
26
25
-3.8%
Days on Market (Pending Sale) ...........................
65
87
33.8%
Month’s Supply of Inventory ................................
1.7
5.0
188.5%
Percent Under Contract ........................................
42.3%
28.0%
-33.8%
Average Median Price for Last 12 Months ........
$818,692
$878,538
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
M E D I A N
$660
S A L E S
$850
(in hundred thousands)
P R I C E
yearly trend
JUN
JUL
AUG
SEP
Micro Market Report : June 2012
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
telesintelligence.com
the numbers median sales price**
$878,538
PROPERTIES FOR SALE
25
DAYS ON MARKET**
65
SHADOW INVENTORY
23
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
June 2012 : Micro Market Report
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References
CONTACTS:
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