Teles intelligence
micro market report san gabriel valley MAY 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 : May 2012
telesintelligence.com
bay
los angeles
e county
san fernando
San Gabriel
South Pasadena
San Marino
May 2012 : Micro Market Report
San Gabriel Valley Macro Market DATA *
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$701,000
$743,444
6.1%
Average Price per Square Foot ...........................
$336
$367
9.4%
Properties Sold .......................................................
250
236
-5.6%
Properties Pending Sale .......................................
226
288
27.4%
Properties For Sale ................................................
1066
622
-41.7%
Days on Market (Pending Sale) ...........................
86
68
-21.3%
Month’s Supply of Inventory ................................
4.3
2.6
-38.2%
Percent Under Contract ........................................
21.2%
46.3%
118.4%
Average Median Price for Last 12 Months ........
$819,952
$707,085
-13.8%
*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.
$743
M E D I A N
S A L E S
(in hundred thousands)
$701
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
Altadena DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$415,000
$482,000
16.1%
Average Price per Square Foot ...........................
$287
$287
0.0%
Properties Sold .......................................................
43
29
-32.6%
Properties Pending Sale .......................................
27
37
37.0%
Properties For Sale ................................................
140
71
-49.3%
Days on Market (Pending Sale) ...........................
108
79
-26.9%
Month’s Supply of Inventory ................................
3.3
2.4
-24.8%
Percent Under Contract ........................................
19.3%
52.1%
170.2%
Average Median Price for Last 12 Months ........
$501,385
$436,308
-13.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$482
M E D I A N
S A L E S
(in hundred thousands)
$415
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$436,308
PROPERTIES FOR SALE
71
DAYS ON MARKET**
74
SHADOW INVENTORY
174
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Arcadia DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$842,000
$835,000
-0.8%
Average Price per Square Foot ...........................
$414
$407
-1.7%
Properties Sold .......................................................
32
34
6.3%
Properties Pending Sale .......................................
38
50
31.6%
Properties For Sale ................................................
165
117
-29.1%
Days on Market (Pending Sale) ...........................
52
69
32.7%
Month’s Supply of Inventory ................................
5.2
3.4
-33.3%
Percent Under Contract ........................................
23.0%
42.7%
85.6%
Average Median Price for Last 12 Months ........
$835,385
$853,769
2.2%
*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
$835
(in hundred thousands)
$842
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$853,769
PROPERTIES FOR SALE
117
DAYS ON MARKET**
66
SHADOW INVENTORY
66
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Eagle Rock DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$425,000
$468,000
10.1%
Average Price per Square Foot ...........................
$298
$293
-1.7%
Properties Sold .......................................................
16
14
-12.5%
Properties Pending Sale .......................................
9
23
155.6%
Properties For Sale ................................................
44
32
-27.3%
Days on Market (Pending Sale) ...........................
102
69
-32.4%
Month’s Supply of Inventory ................................
2.8
2.3
-16.9%
Percent Under Contract ........................................
20.5%
71.9%
251.4%
Average Median Price for Last 12 Months ........
$444,077
$434,462
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$468
M E D I A N
S A L E S
(in hundred thousands)
$425
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$434,462
PROPERTIES FOR SALE
32
DAYS ON MARKET**
62
SHADOW INVENTORY
61
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
La Canada Flintridge DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,000,000
$1,200,000
20.0%
Average Price per Square Foot ...........................
$376
$461
22.6%
Properties Sold .......................................................
17
31
82.4%
Properties Pending Sale .......................................
22
26
18.2%
Properties For Sale ................................................
115
71
-38.3%
Days on Market (Pending Sale) ...........................
126
49
-61.1%
Month’s Supply of Inventory ................................
6.8
2.3
-66.1%
Percent Under Contract ........................................
19.1%
36.6%
91.4%
Average Median Price for Last 12 Months ........
$1,130,154
$1,029,083
-8.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.200
M E D I A N
S A L E S
(in hundred thousands)
$1.000
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,042,231
PROPERTIES FOR SALE
71
DAYS ON MARKET**
77
SHADOW INVENTORY
63
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
Pasadena DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$624,000
$571,000
-8.5%
Average Price per Square Foot ...........................
$381
$410
7.6%
Properties Sold .......................................................
88
89
1.1%
Properties Pending Sale .......................................
75
106
41.3%
Properties For Sale ................................................
380
187
-50.8%
Days on Market (Pending Sale) ...........................
78
73
-6.4%
Month’s Supply of Inventory ................................
4.3
2.1
-51.3%
Percent Under Contract ........................................
19.7%
56.7%
187.2%
Average Median Price for Last 12 Months ........
$586,615
$583,615
-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.
$624
M E D I A N
S A L E S
(in hundred thousands)
$571
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$583,615
PROPERTIES FOR SALE
187
DAYS ON MARKET**
79
SHADOW INVENTORY
308
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
San Gabriel DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$534,000
$515,000
-3.6%
Average Price per Square Foot ...........................
$301
$311
3.3%
Properties Sold .......................................................
26
18
-30.8%
Properties Pending Sale .......................................
22
30
36.4%
Properties For Sale ................................................
129
92
-28.7%
Days on Market (Pending Sale) ...........................
60
85
41.7%
Month’s Supply of Inventory ................................
5.0
5.1
3.0%
Percent Under Contract ........................................
17.1%
32.6%
91.2%
Average Median Price for Last 12 Months ........
$525,385
$534,077
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
$515
(in hundred thousands)
$534
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$534,077
PROPERTIES FOR SALE
92
DAYS ON MARKET**
69
SHADOW INVENTORY
68
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
San Marino DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$1,638,000
$1,500,000
-8.4%
Average Price per Square Foot ...........................
$530
$623
17.5%
Properties Sold .......................................................
12
15
25.0%
Properties Pending Sale .......................................
14
13
-7.1%
Properties For Sale ................................................
45
36
-20.0%
Days on Market (Pending Sale) ...........................
97
38
-60.8%
Month’s Supply of Inventory ................................
3.8
2.4
-36.0%
Percent Under Contract ........................................
31.1%
36.1%
16.1%
Average Median Price for Last 12 Months ........
$1,719,385
$1,587,615
-7.7%
*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
$1.500
S A L E S
$1.638
(in hundred thousands)
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$1,587,615
PROPERTIES FOR SALE
36
DAYS ON MARKET**
69
SHADOW INVENTORY
7
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
South Pasadena DATA
MAY 2011
MAY 2012
% CHANGE
Median Price ..........................................................
$831,000
$1,120,000
34.8%
Average Price per Square Foot ...........................
$435
$513
17.9%
Properties Sold .......................................................
16
6
-62.5%
Properties Pending Sale .......................................
19
3
-84.2%
Properties For Sale ................................................
48
16
-66.7%
Days on Market (Pending Sale) ...........................
63
78
23.8%
Month’s Supply of Inventory ................................
3.0
2.7
-11.1%
Percent Under Contract ........................................
39.6%
18.8%
-52.6%
Average Median Price for Last 12 Months ........
$817,231
$891,692
9.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.
$1.120
M E D I A N
S A L E S
(in hundred thousands)
$831
P R I C E
yearly trend
MAY
JUN
JUL
AUG
Micro Market Report : May 2012
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
telesintelligence.com
the numbers median sales price**
$891,692
PROPERTIES FOR SALE
16
DAYS ON MARKET**
63
SHADOW INVENTORY
24
**12 month average
active listings
s h ad o w invent o r y
Teles intelligence where data meets reason
May 2012 : Micro Market Report
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References
CONTACTS:
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