AAROE MARKET REPORT
03 14
SAN GABRIEL VALLEY Single Family Residences
Agent Profile: Ramiro Rivas
Ramiro Rivas is a life time resident of the City of Pasadena, and has extensive knowledge of San Gabriel Valley and Los Angeles real estate. With a design background from the world-renowned Art Center College of Design in Pasadena, he brings his creative and energetic personality into every transaction. Ramiro has been active and involved in Real Estate investments, as well as civic and neighborhood associations for over 15 years. While emphasizing hands-on client relationships and integrating the full spectrum of cutting-edge and internet technology, Ramiro delivers a powerful dimension to client services with up-to-the-minute, reliable information. Together with the John Aaroe Group, Ramiro Rivas and his real estate team are committed to meeting your personal, financial and life-style goals while maintaining a life time business relationship based on trust, value and performance. DRE #01406511 Professional Standards: • Specializing in Pasadena, Altadena, San Marino, La Canada Flintridge, South Pasadena, and Los Angeles Properties. • Dedicated to the Integrity of the Real Estate Profession. • Full Service Representation for Buyers, Sellers, and Short Sale Home Owners. • Member of the Pasadena-Foothills Association of Realtors and the National Association of Realtors.
Agent Profile: Erica Rivas
Erica Rivas’ extensive knowledge of Pasadena and the surrounding Los Angeles communities has allowed her to get to know every aspect of the San Gabriel Valley as well as a familiarization with all of Southern California. Having been born and raised in the area, she takes pride in Pasadena and the many wonderful surrounding communities. Her motivation coupled with her understanding of the neighborhoods has allowed her to successfully work in real estate. Erica comes from a fresh generation raised on the cusp of the newest technology. We are in an age now where business is done primarily through the computer, especially in real estate, as buyer’s are doing the greatest amount of their property searches on the internet. Erica’s extensive education and knowledge of computer technology has allowed her to market a home to its full potential. A creative ability that stems from an experience with marketing and advertising allows her to be original in marketing a home which will generate vast awareness of a listing and getting it the attention it deserves. Additionally, Erica Rivas has found find that excellent communication is crucial to being an efficient and competent Realtor®. The way to ultimately determine a client’s wants and needs is through proper communication and will successfully do so by asking the right questions, listening with genuine concern, and acting upon their wants and needs. Being forthcoming and communicative will serve to determine and clarify everything is being done correctly to ensure that the client’s interests are satisfied. DRE#01788685
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AAROE MARKET REPORT
02 14
LOS ANGELES COUNTY Condominium Residences
AAROE MARKET REPORT
02 14
WESTSIDE LOS ANGELES Single Family Residences
AAROE MARKET REPORT
02 14
SAN FERNANDO VALLEY Single Family Residences
LOS ANGELES COUNTY
WESTSIDE LOS ANGELES
SAN FERNANDO VALLEY
Condominium Residences
Single Family Residences
Single Family Residences
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TABLE OF CONTENTS SAN GABRIEL VALLEY
Alhambra
05
Altadena
07
Arcadia
09
Eagle Rock
11
La Canada/Flintridge
13
Monrovia
15
Pasadena
17
San Gabriel
19
San Marino
21
South Pasadena
23
Glossary
24
ALHAMBRA
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
52
44
-15.4%
Average price (sold)
$449,202
$557,410
+24.1%
$319
$338
+6.0%
Average days on market (sold)
69
52
-24.6%
Average sold price/list price %
100.5%
99.4%
-1.1%
Total pending properties (at end of period)
15
24
+60.0%
Total properties for sale (at end of period)
22
43
+95.5%
$573,905
$604,024
+5.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.6
5 4
2.6
3
2.7
2.7
3
3.4 2.9
1.8 2
1.3
1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 70
55
60
58
50 40
53
52 47
45
42
44
33
30 20 10 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
ALTADENA
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
91
68
-25.3%
Average price (sold)
$546,731
$632,965
+15.8%
$336
$373
+11.1%
Average days on market (sold)
62
59
-4.8%
Average sold price/list price %
99.2%
101.8%
+2.6%
Total pending properties (at end of period)
51
35
-31.4%
Total properties for sale (at end of period)
50
43
-14.0%
$641,002
$676,548
+5.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8 7
6.3 5.5
6 5 4
2.4
3
2
1.6
1.6
2
1.7
2.1
1.9
1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 140 120
103
105 96
100 80
64
112
91
84
68
68
60 40 20 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
ARCADIA
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
89
89
+0.00%
Average price (sold)
$1,297,466
$1,943,029
+49.8%
$444
$574
+29.4%
Average days on market (sold)
53
64
+20.8%
Average sold price/list price %
97.5%
96.8%
-0.7%
Total pending properties (at end of period)
31
40
+29.0%
Total properties for sale (at end of period)
56
70
+25.0%
$2,057,504
$2,011,177
-2.3%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6 5
4.7
4
3.4
3.3 2.7
3
2.1
1.9
1.8
2.1
2.4
2 1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 180
156
160 140
105
120 100
120
114
90
109 89
89
74
80 60 40 20 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
EAGLE ROCK
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
30
23
-23.3%
Average price (sold)
$489,558
$558,462
+14.1%
$364
$402
+10.3%
Average days on market (sold)
58
42
-27.6%
Average sold price/list price %
101.2%
102.9%
+1.7%
Total pending properties (at end of period)
12
9
-25.0%
Total properties for sale (at end of period)
12
28
+133.3%
$623,228
$698,943
+12.1%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6 5
4.6 4
4
3.7
3.4
3
2.2
2 2
1.2
1.9
1.2
1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 60 50 40
44 32
46
30
29
30
20
21
22
23
20 10 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
LA CANADA/FLINTRIDGE
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
36
42
+16.7%
Average price (sold)
$1,538,468
$1,401,474
-8.9%
$563
$516
-8.3%
Average days on market (sold)
99
57
-42.4%
Average sold price/list price %
97.1%
99.9%
+2.8%
Total pending properties (at end of period)
22
23
+4.5%
Total properties for sale (at end of period)
41
41
+0.00%
$2,422,476
$2,422,594
+0.00%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 20
15.5 15
10
6.7 5.2 5
3.1
3.4
2.6
2.7
3.1
2.9
0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 80 70
61
60 55
60
64
52 46
50 40 30
42
36 22
20 10 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
MONROVIA
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
62
53
-14.5%
Average price (sold)
$544,629
$535,441
-1.7%
$332
$373
+12.4%
Average days on market (sold)
55
72
+30.9%
Average sold price/list price %
98.8%
98.4%
-0.4%
Total pending properties (at end of period)
28
15
-46.4%
Total properties for sale (at end of period)
45
45
+0.00%
$677,132
$788,018
+16.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6 5
4.4
4
2.9 3
2.4
2.3
2.2
2
2.3
2.7
2.5
2 1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 100 90 80
50
73 66
65
70 60
79
77
67
62
53 45
40 30 20 10 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
PASADENA
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
177
137
-22.6%
Average price (sold)
$780,650
$798,654
+2.3%
$419
$451
+7.9%
Average days on market (sold)
61
54
-11.5%
Average sold price/list price %
99.4%
101.1%
+1.7%
Total pending properties (at end of period)
70
78
+11.4%
Total properties for sale (at end of period)
168
133
-20.8%
$1,142,873
$1,144,743
+0.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10 9
8.5
8 7
5.4
6 5 4
2.8
3
2.6
2.8 2.1
2.3
2.5
2.9
2 1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 300
259 236
250
214
202
190
177
200 150
231
137
134
100 50 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
SAN GABRIEL
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
54
56
+3.7%
Average price (sold)
$570,209
$665,113
+16.6%
$354
$381
+7.7%
Average days on market (sold)
70
58
-17.1%
Average sold price/list price %
98.0%
99.6%
+1.6%
Total pending properties (at end of period)
29
23
-20.7%
Total properties for sale (at end of period)
46
45
-2.2%
$680,508
$762,492
+12.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 9 8
7 6.2
7 6 5
3.3
4
2.4
3
2.7
2.6
2.8
2.4
1.8
2 1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 100 90
79 72
80
72
67
66
70
50
56
54
60
39
43
40 30 20 10 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
SAN MARINO
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
21
15
-28.6%
Average price (sold)
$1,777,714
$2,121,267
+19.3%
$667
$791
+18.7%
Average days on market (sold)
55
31
-43.6%
Average sold price/list price %
99.2%
105.9%
+6.7%
Total pending properties (at end of period)
9
9
+0.00%
Total properties for sale (at end of period)
13
10
-23.1%
$3,726,538
$5,051,200
+35.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
10
9.2
5.9 5
2.1
1.5
2.5
1.9
1.9
1.3
2
0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 50
43
45 40 35
29
28
30
23
25 20
29
25 21 15
13
15 10 5 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
SOUTH PASADENA
Dec - Feb 2013
Dec - Feb 2014
% change
Total properties sold
18
21
+16.7%
Average price (sold)
$1,218,389
$896,934
-26.4%
$520
$596
+14.5%
Average days on market (sold)
65
44
-32.3%
Average sold price/list price %
99.7%
102.4%
+2.7%
Total pending properties (at end of period)
8
5
-37.5%
Total properties for sale (at end of period)
15
12
-20.0%
$1,213,860
$1,907,907
+57.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8 7
6.3 5.8
6 5
4.1
4
2.4
3
2.5 1.9
2
1.9
1.7
1
1 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12 **
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Sold listing history 45
36
40 35
25 20
28
27
30
25
24 18
21
19
18
15 10 5 0 Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Jun-A ug 13
Sep-No v 13
Dec-Feb 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published March 2014 based on the data available at the end of February 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. ** Interpolated data point. Actual data value not available.
GLOSSARY
Total properties sold Number of properties sold during the report period. Average price (sold) Average sales price of properties that closed escrow during the report period. Average price per square foot (sold) Average price per square foot of properties that closed escrow during the report period. Average days on market (sold) Average time properties were on the market for homes that closed escrow during the report period. Average sold price/list price % Average showing the ratio of the actual sold price related to the original asking price of properties sold during the report period. Total pending properties (at end of period) Number of properties that were in escrow at the end of the reporting period. Total properties for sale (at end of period) Number of properties that were for sale at the end of the reporting period. Average price of properties for sale Average price for properties currently on the market. Months’ supply of inventory If no new listings entered the market, this is the number of months it would take to sell all homes for sale at the current pace of sales. Sold listing history The number of homes sold in the reporting period over the past three years.
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John Aaroe Group does not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of the property provided by the seller or obtained from public records and other sources and the buyer is advised to independently verify the accuracy of that information.