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micro market report san gabriel valley October 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 : October 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
October 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$785,889
$829,333
5.5%
Average Price per Square Foot ...........................
$384
$443
15.5%
Properties Sold .......................................................
242
255
5.4%
Properties Pending Sale .......................................
290
228
-21.4%
Properties For Sale ................................................
466
505
8.4%
Days on Market (Pending Sale) ...........................
76
48
-36.8%
Month’s Supply of Inventory ................................
1.9
2
2.8%
Percent Under Contract ........................................
62.2%
45.1%
-27.5%
Average Median Price for Last 12 Months ........
$814,969
$826,496
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.
$829
M E D I A N
S A L E S
(in hundred thousands)
$785
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Altadena DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$502,000
$550,000
9.6%
Average Price per Square Foot ...........................
$326
$395
21.2%
Properties Sold .......................................................
31
36
16.1%
Properties Pending Sale .......................................
42
41
-2.4%
Properties For Sale ................................................
73
54
-26.0%
Days on Market (Pending Sale) ...........................
72
39
-45.8%
Month’s Supply of Inventory ................................
2.4
1.5
-36.3%
Percent Under Contract ........................................
57.5%
75.9%
32.0%
Average Median Price for Last 12 Months ........
$446,154
$559,385
25.4%
*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
(in hundred thousands)
$550
$502
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$559,385
PROPERTIES FOR SALE
54
DAYS ON MARKET**
52
shadow inventory
65
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Arcadia DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,220,000
$1,100,000
-9.8%
Average Price per Square Foot ...........................
$446
$549
23.1%
Properties Sold .......................................................
51
43
-15.7%
Properties Pending Sale .......................................
56
38
-32.1%
Properties For Sale ................................................
83
104
25.3%
Days on Market (Pending Sale) ...........................
56
39
-30.4%
Month’s Supply of Inventory ................................
1.6
2.4
48.6%
Percent Under Contract ........................................
67.5%
36.5%
-45.8%
Average Median Price for Last 12 Months ........
$914,615
$1,149,462
25.7%
*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.
M E D I A N
S A L E S
$1.100
(in hundred thousands)
$1.220
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,149,462
PROPERTIES FOR SALE
104
DAYS ON MARKET**
51
shadow inventory
20
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Duarte DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$295,000
$370,000
25.4%
Average Price per Square Foot ...........................
$251
$305
21.5%
Properties Sold .......................................................
20
15
-25.0%
Properties Pending Sale .......................................
19
14
-26.3%
Properties For Sale ................................................
31
23
-25.8%
Days on Market (Pending Sale) ...........................
72
41
-43.1%
Month’s Supply of Inventory ................................
1.6
1.5
-1.1%
Percent Under Contract ........................................
61.3%
60.9%
-0.7%
Average Median Price for Last 12 Months ........
$311,538
$359,769
15.5%
*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.
(in hundred thousands)
$370
P R I C E
yearly trend
M E D I A N
S A L E S
$295
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$359,769
PROPERTIES FOR SALE
23
DAYS ON MARKET**
58
shadow inventory
38
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Eagle Rock DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$470,000
$585,000
24.5%
Average Price per Square Foot ...........................
$364
$443
21.7%
Properties Sold .......................................................
15
7
-53.3%
Properties Pending Sale .......................................
18
6
-66.7%
Properties For Sale ................................................
23
8
-65.2%
Days on Market (Pending Sale) ...........................
132
43
-67.4%
Month’s Supply of Inventory ................................
1.5
1.1
-25.5%
Percent Under Contract ........................................
78.3%
75.0%
-4.2%
Average Median Price for Last 12 Months ........
$472,154
$534,000
13.1%
*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.
$585
M E D I A N
S A L E S
(in hundred thousands)
$470
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$534,000
PROPERTIES FOR SALE
8
DAYS ON MARKET**
52
shadow inventory
22
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
La Canada Flintridge DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$958,000
$1,110,000
15.9%
Average Price per Square Foot ...........................
$445
$579
30.1%
Properties Sold .......................................................
18
10
-44.4%
Properties Pending Sale .......................................
19
13
-31.6%
Properties For Sale ................................................
49
32
-34.7%
Days on Market (Pending Sale) ...........................
80
65
-18.8%
Month’s Supply of Inventory ................................
2.7
3.2
17.6%
Percent Under Contract ........................................
38.8%
40.6%
4.8%
Average Median Price for Last 12 Months ........
$1,031,769
$1,237,000
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.
M E D I A N
$958
S A L E S
$1.110
(in hundred thousands)
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,237,000
PROPERTIES FOR SALE
32
DAYS ON MARKET**
65
shadow inventory
21
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Monrovia DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$482,000
$560,000
16.2%
Average Price per Square Foot ...........................
$307
$357
16.3%
Properties Sold .......................................................
28
25
-10.7%
Properties Pending Sale .......................................
19
23
21.1%
Properties For Sale ................................................
43
60
39.5%
Days on Market (Pending Sale) ...........................
53
69
30.2%
Month’s Supply of Inventory ................................
1.5
2.4
56.3%
Percent Under Contract ........................................
44.2%
38.3%
-13.2%
Average Median Price for Last 12 Months ........
$449,538
$528,692
17.6%
*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.
$560
M E D I A N
S A L E S
(in hundred thousands)
$482
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$528,692
PROPERTIES FOR SALE
60
DAYS ON MARKET**
54
shadow inventory
28
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Pasadena DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$632,000
$692,000
9.5%
Average Price per Square Foot ...........................
$384
$439
14.3%
Properties Sold .......................................................
70
98
40.0%
Properties Pending Sale .......................................
101
84
-16.8%
Properties For Sale ................................................
156
199
27.6%
Days on Market (Pending Sale) ...........................
77
60
-22.1%
Month’s Supply of Inventory ................................
2.2
2
-8.9%
Percent Under Contract ........................................
64.7%
42.2%
-34.8%
Average Median Price for Last 12 Months ........
$580,231
$659,154
13.6%
*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.
$692
M E D I A N
S A L E S
(in hundred thousands)
$632
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$659,154
PROPERTIES FOR SALE
199
DAYS ON MARKET**
56
shadow inventory
80
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
San Gabriel DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$545,000
$643,000
18.0%
Average Price per Square Foot ...........................
$347
$364
4.9%
Properties Sold .......................................................
30
26
-13.3%
Properties Pending Sale .......................................
35
25
-28.6%
Properties For Sale ................................................
53
73
37.7%
Days on Market (Pending Sale) ...........................
77
57
-26.0%
Month’s Supply of Inventory ................................
1.8
2.8
58.9%
Percent Under Contract ........................................
66.0%
34.2%
-48.1%
Average Median Price for Last 12 Months ........
$521,154
$586,154
12.5%
*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.
$643
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 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$586,154
PROPERTIES FOR SALE
73
DAYS ON MARKET**
61
shadow inventory
21
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
San Marino DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,596,000
$1,725,000
8.1%
Average Price per Square Foot ...........................
$666
$724
8.7%
Properties Sold .......................................................
14
15
7.1%
Properties Pending Sale .......................................
8
13
62.5%
Properties For Sale ................................................
10
17
70.0%
Days on Market (Pending Sale) ...........................
56
35
-37.5%
Month’s Supply of Inventory ................................
0.7
1.1
58.7%
Percent Under Contract ........................................
80.0%
76.5%
-4.4%
Average Median Price for Last 12 Months ........
$1,689,077
$1,744,154
3.3%
*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
(in hundred thousands)
$1.725
$1.596
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$1,744,154
PROPERTIES FOR SALE
17
DAYS ON MARKET**
44
shadow inventory
4
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
Sierra Madre DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$597,000
$910,000
52.4%
Average Price per Square Foot ...........................
$422
$474
12.3%
Properties Sold .......................................................
3
13
333.3%
Properties Pending Sale .......................................
12
15
25.0%
Properties For Sale ................................................
20
26
30.0%
Days on Market (Pending Sale) ...........................
86
59
-31.4%
Month’s Supply of Inventory ................................
6.7
2
-70.0%
Percent Under Contract ........................................
60.0%
57.7%
-3.8%
Average Median Price for Last 12 Months ........
$692,692
$759,692
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.
S A L E S
(in hundred thousands)
$910
P R I C E
yearly trend
M E D I A N
$597
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$759,692
PROPERTIES FOR SALE
26
DAYS ON MARKET**
62
shadow inventory
4
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 2013 : Micro Market Report
South Pasadena DATA*
Oct 2012
Oct 2013
% CHANGE
Median Price ..........................................................
$1,150,000
$1,059,000
-7.9%
Average Price per Square Foot ...........................
$478
$497
4.0%
Properties Sold .......................................................
13
20
53.8%
Properties Pending Sale .......................................
11
8
-27.3%
Properties For Sale ................................................
19
18
-5.3%
Days on Market (Pending Sale) ...........................
59
47
-20.3%
Month’s Supply of Inventory ................................
1.5
0.9
-38.4%
Percent Under Contract ........................................
57.9%
44.4%
-23.2%
Average Median Price for Last 12 Months ........
$907,154
$969,154
6.8%
*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.
$1.150
M E D I A N
S A L E S
(in hundred thousands)
$1.059
P R I C E
yearly trend
Oct
Nov
Dec
Jan
Micro Market Report : October 2013
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
telesintelligence.com
the numbers median sales price**
$969,154
PROPERTIES FOR SALE
18
DAYS ON MARKET**
49
shadow inventory
11
**12 month average
active listings
s h a do w i n v e n t o r y
Teles intelligence where data meets reason
October 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 October 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.