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micro market report san gabriel valley OCTOBER 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 : October 2012
telesintelligence.com
bay
los angeles
e county
san fernando
San Gabriel
South Pasadena
San Marino
October 2012 : Micro Market Report
San Gabriel Valley Macro Market DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$667,444
$789,444
18.3%
Average Price per Square Foot ...........................
$351
$384
9.5%
Properties Sold .......................................................
209
241
15.3%
Properties Pending Sale .......................................
216
302
39.8%
Properties For Sale ................................................
800
465
-41.9%
Days on Market (Pending Sale) ...........................
57
76
33.8%
Month’s Supply of Inventory ................................
3.8
1.9
-49.6%
Percent Under Contract ........................................
27.0%
64.9%
140.5%
Average Median Price for Last 12 Months ........
$797,500
$729,402
-8.5%
*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.
$789
M E D I A N
S A L E S
(in hundred thousands)
$667
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
Altadena DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$465,000
$502,000
8.0%
Average Price per Square Foot ...........................
$307
$326
6.2%
Properties Sold .......................................................
26
31
19.2%
Properties Pending Sale .......................................
30
46
53.3%
Properties For Sale ................................................
110
73
-33.6%
Days on Market (Pending Sale) ...........................
71
72
1.4%
Month’s Supply of Inventory ................................
4.2
2.4
-44.3%
Percent Under Contract ........................................
27.3%
63.0%
131.1%
Average Median Price for Last 12 Months ........
$454,615
$446,154
-1.9%
*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.
$502
M E D I A N
S A L E S
(in hundred thousands)
$465
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$446,154 PROPERTIES FOR SALE
73 DAYS ON MARKET**
71 shadow inventory
148 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Arcadia DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$800,000
$1,252,000
56.5%
Average Price per Square Foot ...........................
$434
$448
3.2%
Properties Sold .......................................................
44
50
13.6%
Properties Pending Sale .......................................
42
59
40.5%
Properties For Sale ................................................
134
83
-38.1%
Days on Market (Pending Sale) ...........................
58
56
-3.4%
Month’s Supply of Inventory ................................
3.0
1.7
-45.5%
Percent Under Contract ........................................
31.3%
71.1%
126.8%
Average Median Price for Last 12 Months ........
$846,154
$916,923
8.4%
*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)
$1.252
P R I C E
yearly trend
M E D I A N
$800
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$916,923 PROPERTIES FOR SALE
83 DAYS ON MARKET**
68 shadow inventory
64 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Eagle Rock DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$379,000
$470,000
24.0%
Average Price per Square Foot ...........................
$310
$364
17.4%
Properties Sold .......................................................
17
15
-11.8%
Properties Pending Sale .......................................
14
18
28.6%
Properties For Sale ................................................
32
23
-28.1%
Days on Market (Pending Sale) ...........................
35
132
277.1%
Month’s Supply of Inventory ................................
1.9
1.5
-18.5%
Percent Under Contract ........................................
43.8%
78.3%
78.9%
Average Median Price for Last 12 Months ........
$420,308
$472,154
12.3%
*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.
(in hundred thousands)
$470
P R I C E
yearly trend
M E D I A N
S A L E S
$379
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$472,154 PROPERTIES FOR SALE
23 DAYS ON MARKET**
63 shadow inventory
51 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
La Canada Flintridge DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$960,000
$958,000
-0.2%
Average Price per Square Foot ...........................
$382
$445
16.5%
Properties Sold .......................................................
13
18
38.5%
Properties Pending Sale .......................................
17
20
17.6%
Properties For Sale ................................................
75
49
-34.7%
Days on Market (Pending Sale) ...........................
74
80
8.1%
Month’s Supply of Inventory ................................
5.8
2.7
-52.8%
Percent Under Contract ........................................
22.7%
40.8%
80.1%
Average Median Price for Last 12 Months ........
$1,099,692
$1,031,769
-6.2%
*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.
M E D I A N
S A L E S
$958
(in hundred thousands)
$960
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,031,769 PROPERTIES FOR SALE
49 DAYS ON MARKET**
73 shadow inventory
63 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
Pasadena DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$551,000
$632,000
14.7%
Average Price per Square Foot ...........................
$362
$384
6.1%
Properties Sold .......................................................
58
70
20.7%
Properties Pending Sale .......................................
68
102
50.0%
Properties For Sale ................................................
296
155
-47.6%
Days on Market (Pending Sale) ...........................
68
77
13.2%
Month’s Supply of Inventory ................................
5.1
2.2
-56.6%
Percent Under Contract ........................................
23.0%
65.8%
186.5%
Average Median Price for Last 12 Months ........
$583,462
$580,231
-0.6%
*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.
$632
M E D I A N
S A L E S
(in hundred thousands)
$551
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$580,231 PROPERTIES FOR SALE
155 DAYS ON MARKET**
77 shadow inventory
269 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
San Gabriel DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$597,000
$545,000
-8.7%
Average Price per Square Foot ...........................
$329
$347
5.5%
Properties Sold .......................................................
30
30
0.0%
Properties Pending Sale .......................................
19
37
94.7%
Properties For Sale ................................................
97
53
-45.4%
Days on Market (Pending Sale) ...........................
57
77
35.1%
Month’s Supply of Inventory ................................
3.2
1.8
-45.4%
Percent Under Contract ........................................
19.6%
69.8%
256.4%
Average Median Price for Last 12 Months ........
$542,385
$521,154
-3.9%
*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.
$597
M E D I A N
S A L E S
(in hundred thousands)
$545
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$521,154 PROPERTIES FOR SALE
53 DAYS ON MARKET**
71 shadow inventory
61 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
San Marino DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$1,335,000
$1,596,000
19.6%
Average Price per Square Foot ...........................
$533
$666
25.0%
Properties Sold .......................................................
11
14
27.3%
Properties Pending Sale .......................................
16
8
-50.0%
Properties For Sale ................................................
32
10
-68.8%
Days on Market (Pending Sale) ...........................
61
56
-8.2%
Month’s Supply of Inventory ................................
2.9
0.7
-75.4%
Percent Under Contract ........................................
50.0%
80.0%
60.0%
Average Median Price for Last 12 Months ........
$1,580,000
$1,689,077
6.9%
*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.
M E D I A N
$1.335
S A L E S
$1.596
(in hundred thousands)
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$1,689,077 PROPERTIES FOR SALE
10 DAYS ON MARKET**
68 shadow inventory
5 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : Micro Market Report
South Pasadena DATA*
OCT 2011
OCT 2012
% CHANGE
Median Price ..........................................................
$920,000
$1,150,000
25.0%
Average Price per Square Foot ...........................
$500
$478
-4.4%
Properties Sold .......................................................
10
13
30.0%
Properties Pending Sale .......................................
10
12
20.0%
Properties For Sale ................................................
24
19
-20.8%
Days on Market (Pending Sale) ...........................
31
59
90.3%
Month’s Supply of Inventory ................................
2.4
1.5
-39.1%
Percent Under Contract ........................................
41.7%
63.2%
51.6%
Average Median Price for Last 12 Months ........
$853,385
$907,154
6.3%
*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.
$1.150
M E D I A N
S A L E S
(in hundred thousands)
$920
P R I C E
yearly trend
OCT
NOV
DEC
JAN
Micro Market Report : October 2012
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
telesintelligence.com
the numbers median sales price**
$907,154 PROPERTIES FOR SALE
19 DAYS ON MARKET**
61 shadow inventory
16 **12 month average
active listings
shadow inventory
Teles intelligence where data meets reason
October 2012 : 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:
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Phone:
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