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micro market report san gabriel valley November 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 : November 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
November 2013 : Micro Market Report
San Gabriel Valley DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$776,778
$830,333
6.9%
Average Price per Square Foot ...........................
$391
$446
14.1%
Properties Sold .......................................................
265
200
-24.5%
Properties Pending Sale .......................................
216
214
-0.9%
Properties For Sale ................................................
431
428
-0.7%
Days on Market (Pending Sale) ...........................
69
42
-38.9%
Month’s Supply of Inventory ................................
1.6
2.1
31.6%
Percent Under Contract ........................................
50.1%
50.0%
-0.2%
Average Median Price for Last 12 Months ........
$822,116
$829,915
0.9%
*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.
$830
M E D I A N
S A L E S
(in hundred thousands)
$776
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Altadena DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$544,000
$543,000
-0.2%
Average Price per Square Foot ...........................
$344
$417
21.2%
Properties Sold .......................................................
46
31
-32.6%
Properties Pending Sale .......................................
42
39
-7.1%
Properties For Sale ................................................
67
53
-20.9%
Days on Market (Pending Sale) ...........................
55
42
-23.6%
Month’s Supply of Inventory ................................
1.5
1.7
17.4%
Percent Under Contract ........................................
62.7%
73.6%
17.4%
Average Median Price for Last 12 Months ........
$452,231
$562,538
24.4%
*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
$543
(in hundred thousands)
$544
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$562,538
PROPERTIES FOR SALE
53
DAYS ON MARKET**
50
shadow inventory
67
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Arcadia DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$852,000
$1,375,000
61.4%
Average Price per Square Foot ...........................
$415
$535
28.9%
Properties Sold .......................................................
47
39
-17.0%
Properties Pending Sale .......................................
34
34
0.0%
Properties For Sale ................................................
72
89
23.6%
Days on Market (Pending Sale) ...........................
92
54
-41.3%
Month’s Supply of Inventory ................................
1.5
2.3
49.0%
Percent Under Contract ........................................
47.2%
38.2%
-19.1%
Average Median Price for Last 12 Months ........
$918,615
$1,161,385
26.4%
*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)
$1.375
P R I C E
yearly trend
M E D I A N
$852
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,161,385
PROPERTIES FOR SALE
89
DAYS ON MARKET**
51
shadow inventory
19
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Duarte DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$310,000
$436,000
40.6%
Average Price per Square Foot ...........................
$273
$316
15.8%
Properties Sold .......................................................
20
4
-80.0%
Properties Pending Sale .......................................
17
10
-41.2%
Properties For Sale ................................................
19
20
5.3%
Days on Market (Pending Sale) ...........................
99
31
-68.7%
Month’s Supply of Inventory ................................
1
5
426.3%
Percent Under Contract ........................................
89.5%
50.0%
-44.1%
Average Median Price for Last 12 Months ........
$309,077
$370,615
19.9%
*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.
(in hundred thousands)
$436
P R I C E
yearly trend
M E D I A N
S A L E S
$310
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$370,615
PROPERTIES FOR SALE
20
DAYS ON MARKET**
55
shadow inventory
36
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Eagle Rock DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$551,000
$550,000
-0.2%
Average Price per Square Foot ...........................
$327
$383
17.1%
Properties Sold .......................................................
17
3
-82.4%
Properties Pending Sale .......................................
14
7
-50.0%
Properties For Sale ................................................
17
2
-88.2%
Days on Market (Pending Sale) ...........................
53
41
-22.6%
Month’s Supply of Inventory ................................
1
0.7
-33.3%
Percent Under Contract ........................................
82.4%
350.0%
325.0%
Average Median Price for Last 12 Months ........
$485,385
$540,154
11.3%
*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.
$551
M E D I A N
S A L E S
(in hundred thousands)
$550
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$540,154
PROPERTIES FOR SALE
2
DAYS ON MARKET**
45
shadow inventory
21
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
La Canada Flintridge DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,500,000
$1,150,000
-23.3%
Average Price per Square Foot ...........................
$474
$537
13.3%
Properties Sold .......................................................
23
19
-17.4%
Properties Pending Sale .......................................
18
13
-27.8%
Properties For Sale ................................................
42
42
0.0%
Days on Market (Pending Sale) ...........................
72
53
-26.4%
Month’s Supply of Inventory ................................
1.8
2.2
21.1%
Percent Under Contract ........................................
42.9%
31.0%
-27.8%
Average Median Price for Last 12 Months ........
$1,073,308
$1,251,769
16.6%
*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.
M E D I A N
S A L E S
$1.150
(in hundred thousands)
$1.500
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,251,769
PROPERTIES FOR SALE
42
DAYS ON MARKET**
63
shadow inventory
14
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Monrovia DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$595,000
$532,000
-10.6%
Average Price per Square Foot ...........................
$336
$372
10.7%
Properties Sold .......................................................
14
26
85.7%
Properties Pending Sale .......................................
21
21
0.0%
Properties For Sale ................................................
41
49
19.5%
Days on Market (Pending Sale) ...........................
58
45
-22.4%
Month’s Supply of Inventory ................................
2.9
1.9
-35.6%
Percent Under Contract ........................................
51.2%
42.9%
-16.3%
Average Median Price for Last 12 Months ........
$463,769
$532,538
14.8%
*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.
$595
M E D I A N
S A L E S
(in hundred thousands)
$532
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$532,538
PROPERTIES FOR SALE
49
DAYS ON MARKET**
53
shadow inventory
28
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Pasadena DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$584,000
$690,000
18.2%
Average Price per Square Foot ...........................
$438
$434
-0.9%
Properties Sold .......................................................
85
75
-11.8%
Properties Pending Sale .......................................
67
80
19.4%
Properties For Sale ................................................
142
162
14.1%
Days on Market (Pending Sale) ...........................
65
47
-27.7%
Month’s Supply of Inventory ................................
1.7
2.2
29.3%
Percent Under Contract ........................................
47.2%
49.4%
4.7%
Average Median Price for Last 12 Months ........
$582,769
$663,615
13.9%
*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.
$690
M E D I A N
S A L E S
(in hundred thousands)
$584
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$663,615
PROPERTIES FOR SALE
162
DAYS ON MARKET**
54
shadow inventory
80
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
San Gabriel DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$540,000
$600,000
11.1%
Average Price per Square Foot ...........................
$367
$405
10.4%
Properties Sold .......................................................
25
19
-24.0%
Properties Pending Sale .......................................
19
22
15.8%
Properties For Sale ................................................
59
53
-10.2%
Days on Market (Pending Sale) ...........................
111
49
-55.9%
Month’s Supply of Inventory ................................
2.4
2.8
18.2%
Percent Under Contract ........................................
32.2%
41.5%
28.9%
Average Median Price for Last 12 Months ........
$516,769
$590,385
14.2%
*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.
$600
M E D I A N
S A L E S
(in hundred thousands)
$540
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$590,385
PROPERTIES FOR SALE
53
DAYS ON MARKET**
59
shadow inventory
21
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
San Marino DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$1,588,000
$1,650,000
3.9%
Average Price per Square Foot ...........................
$639
$670
4.9%
Properties Sold .......................................................
10
11
10.0%
Properties Pending Sale .......................................
11
13
18.2%
Properties For Sale ................................................
12
12
0.0%
Days on Market (Pending Sale) ...........................
48
43
-10.4%
Month’s Supply of Inventory ................................
1.2
1.1
-9.1%
Percent Under Contract ........................................
91.7%
108.3%
18.2%
Average Median Price for Last 12 Months ........
$1,708,538
$1,748,308
2.3%
*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
S A L E S
$1.650
$1.588
(in hundred thousands)
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$1,748,308
PROPERTIES FOR SALE
12
DAYS ON MARKET**
43
shadow inventory
5
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
Sierra Madre DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$625,000
$835,000
33.6%
Average Price per Square Foot ...........................
$399
$429
7.5%
Properties Sold .......................................................
7
13
85.7%
Properties Pending Sale .......................................
7
9
28.6%
Properties For Sale ................................................
21
17
-19.0%
Days on Market (Pending Sale) ...........................
65
62
-4.6%
Month’s Supply of Inventory ................................
3
1.3
-56.4%
Percent Under Contract ........................................
33.3%
52.9%
58.8%
Average Median Price for Last 12 Months ........
$688,385
$778,000
13.0%
*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
$625
S A L E S
$835
(in hundred thousands)
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$778,000
PROPERTIES FOR SALE
17
DAYS ON MARKET**
60
shadow inventory
4
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 2013 : Micro Market Report
South Pasadena DATA*
Nov 2012
Nov 2013
% CHANGE
Median Price ..........................................................
$832,000
$915,000
10.0%
Average Price per Square Foot ...........................
$515
$634
23.1%
Properties Sold .......................................................
12
3
-75.0%
Properties Pending Sale .......................................
11
6
-45.5%
Properties For Sale ................................................
20
15
-25.0%
Days on Market (Pending Sale) ...........................
59
10
-83.1%
Month’s Supply of Inventory ................................
1.7
5
200.0%
Percent Under Contract ........................................
55.0%
40.0%
-27.3%
Average Median Price for Last 12 Months ........
$900,385
$951,077
5.6%
*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.
M E D I A N
S A L E S
(in hundred thousands)
$915
$832
P R I C E
yearly trend
Nov
Dec
Jan
Feb
Micro Market Report : November 2013
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
telesintelligence.com
the numbers median sales price**
$951,077
PROPERTIES FOR SALE
15
DAYS ON MARKET**
46
shadow inventory
11
**12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
November 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 November 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.