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micro market report san gabriel valley September 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 : September 2013
telesintelligence.com
bay
los angeles
e county
san fernando
San Marino Sierra Madre South Pasadena
September 2013 : Micro Market Report
San Gabriel Valley Macro Market DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$706,778
$919,667
30.1%
Average Price per Square Foot ...........................
$351
$433
23.2%
Properties Sold .......................................................
216
234
8.3%
Properties Pending Sale .......................................
213
260
22.1%
Properties For Sale ................................................
509
548
7.7%
Days on Market (Pending Sale) ...........................
68
45
-33.6%
Month’s Supply of Inventory ................................
2.4
2.3
-0.6%
Percent Under Contract ........................................
41.8%
47.4%
13.4%
Average Median Price for Last 12 Months ........
$811,354
$817,068
0.7%
*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.
$919
M E D I A N
S A L E S
(in hundred thousands)
$706
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Altadena DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$445,000
$660,000
48.3%
Average Price per Square Foot ...........................
$286
$381
33.2%
Properties Sold .......................................................
34
42
23.5%
Properties Pending Sale .......................................
35
41
17.1%
Properties For Sale ................................................
62
61
-1.6%
Days on Market (Pending Sale) ...........................
86
40
-53.5%
Month’s Supply of Inventory ................................
1.8
1.5
-20.4%
Percent Under Contract ........................................
56.5%
67.2%
19.1%
Average Median Price for Last 12 Months ........
$437,308
$551,308
26.1%
*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.
S A L E S
(in hundred thousands)
$660
P R I C E
yearly trend
M E D I A N
$445
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$551,308
PROPERTIES FOR SALE
61
DAYS ON MARKET**
56
shadow inventory
63
**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
September 2013 : Micro Market Report
Arcadia DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,014,000
$1,350,000
33.1%
Average Price per Square Foot ...........................
$409
$572
39.9%
Properties Sold .......................................................
33
35
6.1%
Properties Pending Sale .......................................
47
40
-14.9%
Properties For Sale ................................................
98
122
24.5%
Days on Market (Pending Sale) ...........................
62
54
-12.9%
Month’s Supply of Inventory ................................
3
3.5
17.4%
Percent Under Contract ........................................
48.0%
32.8%
-31.6%
Average Median Price for Last 12 Months ........
$885,308
$1,142,846
29.1%
*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.
$1.350
M E D I A N
S A L E S
(in hundred thousands)
$1.014
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,142,846
PROPERTIES FOR SALE
122
DAYS ON MARKET**
53
shadow inventory
26
**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
September 2013 : Micro Market Report
Duarte DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$322,000
$372,000
15.5%
Average Price per Square Foot ...........................
$284
$300
5.6%
Properties Sold .......................................................
14
7
-50.0%
Properties Pending Sale .......................................
18
12
-33.3%
Properties For Sale ................................................
31
21
-32.3%
Days on Market (Pending Sale) ...........................
104
56
-46.2%
Month’s Supply of Inventory ................................
2.2
3
35.5%
Percent Under Contract ........................................
58.1%
57.1%
-1.6%
Average Median Price for Last 12 Months ........
$307,692
$356,077
15.7%
*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.
$372
M E D I A N
S A L E S
(in hundred thousands)
$322
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$356,077
PROPERTIES FOR SALE
21
DAYS ON MARKET**
63
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
September 2013 : Micro Market Report
Eagle Rock DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$529,000
$572,000
8.1%
Average Price per Square Foot ...........................
$361
$310
-14.1%
Properties Sold .......................................................
16
2
-87.5%
Properties Pending Sale .......................................
15
6
-60.0%
Properties For Sale ................................................
20
12
-40.0%
Days on Market (Pending Sale) ...........................
60
37
-38.3%
Month’s Supply of Inventory ................................
1.2
6
380.0%
Percent Under Contract ........................................
75.0%
50.0%
-33.3%
Average Median Price for Last 12 Months ........
$468,308
$529,692
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.
$572
M E D I A N
S A L E S
(in hundred thousands)
$529
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$529,692
PROPERTIES FOR SALE
12
DAYS ON MARKET**
54
shadow inventory
19
**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
September 2013 : Micro Market Report
La Canada Flintridge DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,138,000
$1,230,000
8.1%
Average Price per Square Foot ...........................
$428
$505
18.0%
Properties Sold .......................................................
20
20
0.0%
Properties Pending Sale .......................................
15
23
53.3%
Properties For Sale ................................................
52
54
3.8%
Days on Market (Pending Sale) ...........................
77
54
-29.9%
Month’s Supply of Inventory ................................
2.6
2.7
3.8%
Percent Under Contract ........................................
28.8%
42.6%
47.7%
Average Median Price for Last 12 Months ........
$1,033,308
$1,239,154
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
S A L E S
(in hundred thousands)
$1.230
$1.138
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,239,154
PROPERTIES FOR SALE
54
DAYS ON MARKET**
66
shadow inventory
32
**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
September 2013 : Micro Market Report
Monrovia DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$468,000
$525,000
12.2%
Average Price per Square Foot ...........................
$299
$393
31.4%
Properties Sold .......................................................
27
19
-29.6%
Properties Pending Sale .......................................
31
31
0.0%
Properties For Sale ................................................
41
62
51.2%
Days on Market (Pending Sale) ...........................
69
62
-10.1%
Month’s Supply of Inventory ................................
1.5
3.3
114.9%
Percent Under Contract ........................................
75.6%
50.0%
-33.9%
Average Median Price for Last 12 Months ........
$445,923
$521,615
17.0%
*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.
$525
M E D I A N
S A L E S
(in hundred thousands)
$468
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$521,615
PROPERTIES FOR SALE
62
DAYS ON MARKET**
54
shadow inventory
30
**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
September 2013 : Micro Market Report
Pasadena DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$580,000
$722,000
24.5%
Average Price per Square Foot ...........................
$345
$441
27.8%
Properties Sold .......................................................
69
83
20.3%
Properties Pending Sale .......................................
60
98
63.3%
Properties For Sale ................................................
182
190
4.4%
Days on Market (Pending Sale) ...........................
85
50
-41.2%
Month’s Supply of Inventory ................................
2.6
2.3
-13.2%
Percent Under Contract ........................................
33.0%
51.6%
56.5%
Average Median Price for Last 12 Months ........
$573,538
$650,538
13.4%
*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.
$722
M E D I A N
S A L E S
(in hundred thousands)
$580
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$650,538
PROPERTIES FOR SALE
190
DAYS ON MARKET**
58
shadow inventory
81
**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
September 2013 : Micro Market Report
San Gabriel DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$515,000
$685,000
33.0%
Average Price per Square Foot ...........................
$330
$388
17.6%
Properties Sold .......................................................
24
28
16.7%
Properties Pending Sale .......................................
19
24
26.3%
Properties For Sale ................................................
67
73
9.0%
Days on Market (Pending Sale) ...........................
67
46
-31.3%
Month’s Supply of Inventory ................................
2.8
2.6
-6.6%
Percent Under Contract ........................................
28.4%
32.9%
15.9%
Average Median Price for Last 12 Months ........
$525,769
$576,308
9.6%
*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.
$685
M E D I A N
S A L E S
(in hundred thousands)
$515
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$576,308
PROPERTIES FOR SALE
73
DAYS ON MARKET**
62
shadow inventory
26
**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
September 2013 : Micro Market Report
San Marino DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$1,250,000
$2,174,000
73.9%
Average Price per Square Foot ...........................
$588
$797
35.5%
Properties Sold .......................................................
9
14
55.6%
Properties Pending Sale .......................................
9
16
77.8%
Properties For Sale ................................................
14
21
50.0%
Days on Market (Pending Sale) ...........................
57
47
-17.5%
Month’s Supply of Inventory ................................
1.6
1.5
-3.6%
Percent Under Contract ........................................
64.3%
76.2%
18.5%
Average Median Price for Last 12 Months ........
$1,673,923
$1,707,615
2.0%
*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.
S A L E S
(in hundred thousands)
$2.174
P R I C E
yearly trend
M E D I A N
$1.250
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$1,707,615
PROPERTIES FOR SALE
21
DAYS ON MARKET**
46
shadow inventory
2
**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
September 2013 : Micro Market Report
Sierra Madre DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$647,000
$906,000
40.0%
Average Price per Square Foot ...........................
$390
$421
7.9%
Properties Sold .......................................................
14
6
-57.1%
Properties Pending Sale .......................................
8
9
12.5%
Properties For Sale ................................................
23
32
39.1%
Days on Market (Pending Sale) ...........................
83
28
-66.3%
Month’s Supply of Inventory ................................
1.6
5.3
224.6%
Percent Under Contract ........................................
34.8%
28.1%
-19.1%
Average Median Price for Last 12 Months ........
$708,308
$739,462
4.4%
*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)
$906
P R I C E
yearly trend
M E D I A N
$647
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$739,462
PROPERTIES FOR SALE
32
DAYS ON MARKET**
64
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
September 2013 : Micro Market Report
South Pasadena DATA*
Sep 2012
Sep 2013
% CHANGE
Median Price ..........................................................
$890,000
$884,000
-0.7%
Average Price per Square Foot ...........................
$415
$501
20.7%
Properties Sold .......................................................
11
10
-9.1%
Properties Pending Sale .......................................
13
12
-7.7%
Properties For Sale ................................................
14
15
7.1%
Days on Market (Pending Sale) ...........................
47
31
-34.0%
Month’s Supply of Inventory ................................
1.3
1.5
17.9%
Percent Under Contract ........................................
92.9%
80.0%
-13.8%
Average Median Price for Last 12 Months ........
$883,385
$956,154
8.2%
*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
$884
S A L E S
$890
(in hundred thousands)
P R I C E
yearly trend
Sep
Oct
Nov
Dec
Micro Market Report : September 2013
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
telesintelligence.com
the numbers median sales price**
$956,154
PROPERTIES FOR SALE
15
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
September 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 September 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.