Teles intelligence
micro market report san gabriel valley MARCH 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 : March 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
March 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$706,556
$765,556
8.4%
Average Price per Square Foot ...........................
$374
$402
7.5%
Properties Sold .......................................................
195
235
20.5%
Properties Pending Sale .......................................
251
303
20.7%
Properties For Sale ................................................
677
344
-49.2%
Days on Market (Pending Sale) ...........................
75
49
-34.3%
Month’s Supply of Inventory ................................
3.5
1.5
-57.8%
Percent Under Contract ........................................
37.1%
88.1%
137.6%
Average Median Price for Last 12 Months ........
$797,010
$745,906
-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.
$766
M E D I A N
S A L E S
(in hundred thousands)
$707
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
Altadena DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$461,000
$560,000
21.5%
Average Price per Square Foot ...........................
$291
$349
19.9%
Properties Sold .......................................................
22
43
95.5%
Properties Pending Sale .......................................
32
48
50.0%
Properties For Sale ................................................
82
37
-54.9%
Days on Market (Pending Sale) ...........................
57
43
-24.6%
Month’s Supply of Inventory ................................
3.7
0.9
-76.9%
Percent Under Contract ........................................
39.0%
129.7%
232.4%
Average Median Price for Last 12 Months ........
$441,615
$476,308
7.9%
*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.
$560
M E D I A N
S A L E S
(in hundred thousands)
$461
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$476,308 PROPERTIES FOR SALE
37 DAYS ON MARKET**
59 shadow inventory
77 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Arcadia DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$692,000
$1,250,000
80.6%
Average Price per Square Foot ...........................
$398
$468
17.6%
Properties Sold .......................................................
38
36
-5.3%
Properties Pending Sale .......................................
36
46
27.8%
Properties For Sale ................................................
118
54
-54.2%
Days on Market (Pending Sale) ...........................
63
50
-20.6%
Month’s Supply of Inventory ................................
3.1
1.5
-51.7%
Percent Under Contract ........................................
30.5%
85.2%
179.2%
Average Median Price for Last 12 Months ........
$836,385
$993,000
18.7%
*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.
S A L E S
(in hundred thousands)
$1.250
P R I C E
yearly trend
M E D I A N
$692
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$993,000 PROPERTIES FOR SALE
54 DAYS ON MARKET**
62 shadow inventory
30 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Duarte DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$261,000
$334,000
28.0%
Average Price per Square Foot ...........................
$231
$273
18.2%
Properties Sold .......................................................
20
14
-30.0%
Properties Pending Sale .......................................
17
23
35.3%
Properties For Sale ................................................
44
15
-65.9%
Days on Market (Pending Sale) ...........................
91
46
-49.5%
Month’s Supply of Inventory ................................
2.2
1.1
-51.3%
Percent Under Contract ........................................
38.6%
153.3%
296.9%
Average Median Price for Last 12 Months ........
$289,615
$318,846
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.
(in hundred thousands)
$334
P R I C E
yearly trend
M E D I A N
S A L E S
$261
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$318,846 PROPERTIES FOR SALE
15 DAYS ON MARKET**
85 shadow inventory
32 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Eagle Rock DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$436,000
$410,000
-6.0%
Average Price per Square Foot ...........................
$378
$360
-4.8%
Properties Sold .......................................................
11
7
-36.4%
Properties Pending Sale .......................................
13
16
23.1%
Properties For Sale ................................................
38
16
-57.9%
Days on Market (Pending Sale) ...........................
48
53
10.4%
Month’s Supply of Inventory ................................
3.5
2.3
-33.8%
Percent Under Contract ........................................
34.2%
100.0%
192.3%
Average Median Price for Last 12 Months ........
$439,154
$481,077
9.5%
*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.
M E D I A N
S A L E S
$410
(in hundred thousands)
$436
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$481,077 PROPERTIES FOR SALE
16 DAYS ON MARKET**
67 shadow inventory
22 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
La Canada Flintridge DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$882,000
$1,254,000
42.2%
Average Price per Square Foot ...........................
$479
$482
0.6%
Properties Sold .......................................................
22
26
18.2%
Properties Pending Sale .......................................
30
26
-13.3%
Properties For Sale ................................................
65
41
-36.9%
Days on Market (Pending Sale) ...........................
88
46
-47.7%
Month’s Supply of Inventory ................................
3.0
1.6
-46.6%
Percent Under Contract ........................................
46.2%
63.4%
37.4%
Average Median Price for Last 12 Months ........
$1,055,846
$1,135,692
7.6%
*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)
$1.254
P R I C E
yearly trend
M E D I A N
$882
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,135,692 PROPERTIES FOR SALE
41 DAYS ON MARKET**
76 shadow inventory
34 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Monrovia DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$454,000
$478,000
5.3%
Average Price per Square Foot ...........................
$276
$335
21.4%
Properties Sold .......................................................
25
28
12.0%
Properties Pending Sale .......................................
33
36
9.1%
Properties For Sale ................................................
72
47
-34.7%
Days on Market (Pending Sale) ...........................
94
36
-61.7%
Month’s Supply of Inventory ................................
2.9
1.7
-41.7%
Percent Under Contract ........................................
45.8%
76.6%
67.1%
Average Median Price for Last 12 Months ........
$440,538
$488,077
10.8%
*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.
M E D I A N
S A L E S
(in hundred thousands)
$478
$454
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$488,077 PROPERTIES FOR SALE
47 DAYS ON MARKET**
70 shadow inventory
33 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Pasadena DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$581,000
$602,000
3.6%
Average Price per Square Foot ...........................
$357
$396
10.9%
Properties Sold .......................................................
69
82
18.8%
Properties Pending Sale .......................................
98
115
17.3%
Properties For Sale ................................................
230
123
-46.5%
Days on Market (Pending Sale) ...........................
84
61
-27.4%
Month’s Supply of Inventory ................................
3.3
1.5
-55.0%
Percent Under Contract ........................................
42.6%
93.5%
119.4%
Average Median Price for Last 12 Months ........
$580,923
$597,923
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.
$602
M E D I A N
S A L E S
(in hundred thousands)
$581
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$597,923 PROPERTIES FOR SALE
123 DAYS ON MARKET**
72 shadow inventory
107 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
San Gabriel DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$513,000
$508,000
-1.0%
Average Price per Square Foot ...........................
$337
$408
21.1%
Properties Sold .......................................................
15
24
60.0%
Properties Pending Sale .......................................
19
26
36.8%
Properties For Sale ................................................
99
50
-49.5%
Days on Market (Pending Sale) ...........................
88
53
-39.8%
Month’s Supply of Inventory ................................
6.6
2.1
-68.4%
Percent Under Contract ........................................
19.2%
52.0%
170.9%
Average Median Price for Last 12 Months ........
$537,231
$529,923
-1.4%
*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.
$513
M E D I A N
S A L E S
(in hundred thousands)
$508
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$529,923 PROPERTIES FOR SALE
50 DAYS ON MARKET**
77 shadow inventory
28 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
San Marino DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,662,000
$1,428,000
-14.1%
Average Price per Square Foot ...........................
$594
$725
22.1%
Properties Sold .......................................................
14
7
-50.0%
Properties Pending Sale .......................................
11
11
0.0%
Properties For Sale ................................................
28
13
-53.6%
Days on Market (Pending Sale) ...........................
100
47
-53.0%
Month’s Supply of Inventory ................................
2.0
1.9
-7.1%
Percent Under Contract ........................................
39.3%
84.6%
115.4%
Average Median Price for Last 12 Months ........
$1,600,538
$1,585,077
-1.0%
*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
$1.428
S A L E S
$1.662
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$1,585,077 PROPERTIES FOR SALE
13 DAYS ON MARKET**
57 shadow inventory
5 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
Sierra Madre DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$575,000
$721,000
25.4%
Average Price per Square Foot ...........................
$366
$404
10.4%
Properties Sold .......................................................
9
14
55.6%
Properties Pending Sale .......................................
17
9
-47.1%
Properties For Sale ................................................
21
21
0.0%
Days on Market (Pending Sale) ...........................
48
79
64.6%
Month’s Supply of Inventory ................................
2.3
1.5
-35.7%
Percent Under Contract ........................................
81.0%
42.9%
-47.1%
Average Median Price for Last 12 Months ........
$687,154
$653,846
-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.
M E D I A N
$575
S A L E S
$721
(in hundred thousands)
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$653,846 PROPERTIES FOR SALE
21 DAYS ON MARKET**
73 shadow inventory
13 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 2013 : Micro Market Report
South Pasadena DATA*
MAR 2012
MAR 2013
% CHANGE
Median Price ..........................................................
$1,132,000
$878,000
-22.4%
Average Price per Square Foot ...........................
$534
$432
-19.1%
Properties Sold .......................................................
4
10
150.0%
Properties Pending Sale .......................................
12
15
25.0%
Properties For Sale ................................................
17
10
-41.2%
Days on Market (Pending Sale) ...........................
69
39
-43.5%
Month’s Supply of Inventory ................................
4.3
1.0
-76.5%
Percent Under Contract ........................................
70.6%
150.0%
112.5%
Average Median Price for Last 12 Months ........
$884,385
$914,154
3.4%
*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.
M E D I A N
S A L E S
$878
(in hundred thousands)
$1.132
P R I C E
yearly trend
MAR
APR
MAY
JUN
Micro Market Report : March 2013
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
telesintelligence.com
the numbers median sales price**
$914,154 PROPERTIES FOR SALE
10 DAYS ON MARKET**
61 shadow inventory
9 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
March 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 MARCH 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.