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micro market report san gabriel valley June 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 : June 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
June 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$689,000
$907,556
31.7%
Average Price per Square Foot ...........................
$380
$436
14.7%
Properties Sold .......................................................
292.0
279.0
-4.5%
Properties Pending Sale .......................................
263.0
294.0
11.8%
Properties For Sale ................................................
626
525
-16.1%
Days on Market (Pending Sale) ...........................
70
41
-41.9%
Month’s Supply of Inventory ................................
2.1
1.9
-12.2%
Percent Under Contract ........................................
42.0%
56.0%
33.3%
Average Median Price for Last 12 Months ........
$799,798
$782,265
-2.2%
*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.
$907
M E D I A N
S A L E S
(in hundred thousands)
$689
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Altadena DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$400,000
$678,000
69.5%
Average Price per Square Foot ...........................
$309
$369
19.4%
Properties Sold .......................................................
46.0
38.0
-17.4%
Properties Pending Sale .......................................
44.0
45.0
2.3%
Properties For Sale ................................................
55
55
0.0%
Days on Market (Pending Sale) ...........................
72
54
-25.0%
Month’s Supply of Inventory ................................
1.2
1.4
21.1%
Percent Under Contract ........................................
80.0%
81.8%
2.3%
Average Median Price for Last 12 Months ........
$436,769
$506,846
16.0%
*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)
$678
P R I C E
yearly trend
M E D I A N
$400
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$506,846
PROPERTIES FOR SALE
55
DAYS ON MARKET**
61
shadow inventory
65
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Arcadia DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$808,000
$1,225,000
51.6%
Average Price per Square Foot ...........................
$413
$534
29.3%
Properties Sold .......................................................
47.0
58.0
23.4%
Properties Pending Sale .......................................
37.0
50.0
35.1%
Properties For Sale ................................................
122
98
-19.7%
Days on Market (Pending Sale) ...........................
67
36
-46.3%
Month’s Supply of Inventory ................................
2.6
1.7
-34.9%
Percent Under Contract ........................................
30.3%
51.0%
68.2%
Average Median Price for Last 12 Months ........
$848,077
$1,068,462
26.0%
*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)
$1.225
P R I C E
yearly trend
M E D I A N
S A L E S
$808
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,068,462
PROPERTIES FOR SALE
98
DAYS ON MARKET**
55
shadow inventory
32
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Duarte DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$345,000
$366,000
6.1%
Average Price per Square Foot ...........................
$232
$285
22.8%
Properties Sold .......................................................
16.0
14.0
-12.5%
Properties Pending Sale .......................................
17.0
17.0
0.0%
Properties For Sale ................................................
46
18
-60.9%
Days on Market (Pending Sale) ...........................
66
44
-33.3%
Month’s Supply of Inventory ................................
2.9
1.3
-55.3%
Percent Under Contract ........................................
37.0%
94.4%
155.6%
Average Median Price for Last 12 Months ........
$297,538
$337,846
13.5%
*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.
$366
M E D I A N
S A L E S
(in hundred thousands)
$345
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$337,846
PROPERTIES FOR SALE
18
DAYS ON MARKET**
74
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
June 2013 : Micro Market Report
Eagle Rock DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$545,000
$600,000
10.1%
Average Price per Square Foot ...........................
$341
$413
21.1%
Properties Sold .......................................................
18.0
9.0
-50.0%
Properties Pending Sale .......................................
15.0
21.0
40.0%
Properties For Sale ................................................
35
19
-45.7%
Days on Market (Pending Sale) ...........................
88
24
-72.7%
Month’s Supply of Inventory ................................
1.9
2.1
8.6%
Percent Under Contract ........................................
42.9%
110.5%
157.9%
Average Median Price for Last 12 Months ........
$444,154
$509,231
14.7%
*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.
$600
M E D I A N
S A L E S
(in hundred thousands)
$545
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$509,231
PROPERTIES FOR SALE
19
DAYS ON MARKET**
60
shadow inventory
32
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
La Canada Flintridge DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$950,000
$1,368,000
44.0%
Average Price per Square Foot ...........................
$458
$529
15.5%
Properties Sold .......................................................
21.0
31.0
47.6%
Properties Pending Sale .......................................
17.0
26.0
52.9%
Properties For Sale ................................................
75
66
-12.0%
Days on Market (Pending Sale) ...........................
83
48
-42.2%
Month’s Supply of Inventory ................................
3.6
2.1
-40.4%
Percent Under Contract ........................................
22.7%
39.4%
73.8%
Average Median Price for Last 12 Months ........
$1,041,615
$1,189,000
14.1%
*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.
S A L E S
(in hundred thousands)
$1.368
P R I C E
yearly trend
M E D I A N
$950
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,189,000
PROPERTIES FOR SALE
66
DAYS ON MARKET**
70
shadow inventory
38
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Monrovia DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$515,000
$588,000
14.2%
Average Price per Square Foot ...........................
$295
$342
15.9%
Properties Sold .......................................................
23.0
26.0
13.0%
Properties Pending Sale .......................................
30.0
28.0
-6.7%
Properties For Sale ................................................
73
55
-24.7%
Days on Market (Pending Sale) ...........................
59
40
-32.2%
Month’s Supply of Inventory ................................
3.2
2.1
-33.4%
Percent Under Contract ........................................
41.1%
50.9%
23.9%
Average Median Price for Last 12 Months ........
$453,385
$497,385
9.7%
*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)
$515
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$497,385
PROPERTIES FOR SALE
55
DAYS ON MARKET**
57
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
June 2013 : Micro Market Report
Pasadena DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$610,000
$676,000
10.8%
Average Price per Square Foot ...........................
$401
$430
7.2%
Properties Sold .......................................................
115.0
87.0
-24.3%
Properties Pending Sale .......................................
107.0
90.0
-15.9%
Properties For Sale ................................................
193
188
-2.6%
Days on Market (Pending Sale) ...........................
80
52
-35.0%
Month’s Supply of Inventory ................................
1.7
2.2
28.8%
Percent Under Contract ........................................
55.4%
47.9%
-13.7%
Average Median Price for Last 12 Months ........
$585,462
$621,154
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.
$676
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 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$621,154
PROPERTIES FOR SALE
188
DAYS ON MARKET**
64
shadow inventory
105
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
San Gabriel DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$509,000
$641,000
25.9%
Average Price per Square Foot ...........................
$364
$409
12.4%
Properties Sold .......................................................
28.0
28.0
0.0%
Properties Pending Sale .......................................
19.0
29.0
52.6%
Properties For Sale ................................................
86
67
-22.1%
Days on Market (Pending Sale) ...........................
44
34
-22.7%
Month’s Supply of Inventory ................................
3.1
2.4
-22.1%
Percent Under Contract ........................................
22.1%
43.3%
95.9%
Average Median Price for Last 12 Months ........
$532,077
$551,923
3.7%
*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.
$641
M E D I A N
S A L E S
(in hundred thousands)
$509
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$551,923
PROPERTIES FOR SALE
67
DAYS ON MARKET**
67
shadow inventory
24
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
San Marino DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$1,719,000
$1,850,000
7.6%
Average Price per Square Foot ...........................
$638
$710
11.3%
Properties Sold .......................................................
10.0
16.0
60.0%
Properties Pending Sale .......................................
16.0
15.0
-6.2%
Properties For Sale ................................................
34
17
-50.0%
Days on Market (Pending Sale) ...........................
42
47
11.9%
Month’s Supply of Inventory ................................
3.4
1.1
-68.8%
Percent Under Contract ........................................
47.1%
88.2%
87.5%
Average Median Price for Last 12 Months ........
$1,631,692
$1,681,692
3.1%
*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.
$1.850
M E D I A N
S A L E S
(in hundred thousands)
$1.719
P R I C E
yearly trend
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$1,681,692
PROPERTIES FOR SALE
17
DAYS ON MARKET**
48
shadow inventory
3
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
Sierra Madre DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$574,000
$860,000
49.8%
Average Price per Square Foot ...........................
$323
$462
43.0%
Properties Sold .......................................................
8.0
15.0
87.5%
Properties Pending Sale .......................................
9.0
13.0
44.4%
Properties For Sale ................................................
29
18
-37.9%
Days on Market (Pending Sale) ...........................
66
72
9.1%
Month’s Supply of Inventory ................................
3.6
1.2
-66.9%
Percent Under Contract ........................................
31.0%
72.2%
132.7%
Average Median Price for Last 12 Months ........
$684,846
$728,846
6.4%
*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)
$860
P R I C E
yearly trend
M E D I A N
$574
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$728,846
PROPERTIES FOR SALE
18
DAYS ON MARKET**
69
shadow inventory
6
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 2013 : Micro Market Report
South Pasadena DATA*
Jun 2012
Jun 2013
% CHANGE
Median Price ..........................................................
$660,000
$1,130,000
71.2%
Average Price per Square Foot ...........................
$494
$528
6.9%
Properties Sold .......................................................
7.0
12.0
71.4%
Properties Pending Sale .......................................
8.0
18.0
125.0%
Properties For Sale ................................................
26
15
-42.3%
Days on Market (Pending Sale) ...........................
85
31
-63.5%
Month’s Supply of Inventory ................................
3.7
1.2
-66.3%
Percent Under Contract ........................................
30.8%
120.0%
290.0%
Average Median Price for Last 12 Months ........
$878,538
$912,077
3.8%
*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)
$1.130
P R I C E
yearly trend
M E D I A N
$660
Jun
Jul
Aug
Sep
Micro Market Report : June 2013
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
telesintelligence.com
the numbers median sales price**
$912,077
PROPERTIES FOR SALE
15
DAYS ON MARKET**
53
shadow inventory
9
**12 month average
active listings
s h ado w i n v e n t o r y
Teles intelligence where data meets reason
June 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 June 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.