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Teles intelligence

micro market report san gabriel valley FEBRUARY 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 : February 2013


telesintelligence.com

bay

los angeles

e county

san fernando

San Marino Sierra Madre South Pasadena

February 2013 : Micro Market Report


San Gabriel Valley Macro Market DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$777,111

$823,667

6.0%

Average Price per Square Foot ...........................

$363

$390

7.4%

Properties Sold .......................................................

153

176

15.0%

Properties Pending Sale .......................................

198

222

12.1%

Properties For Sale ................................................

691

371

-46.3%

Days on Market (Pending Sale) ...........................

83

74

-11.2%

Month’s Supply of Inventory ................................

4.5

2.1

-53.3%

Percent Under Contract ........................................

28.7%

59.8%

108.8%

Average Median Price for Last 12 Months ........

$795,875

$747,487

-6.1%

*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.

$824

M E D I A N

S A L E S

(in hundred thousands)

$777

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com


Altadena DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$429,000

$495,000

15.4%

Average Price per Square Foot ...........................

$287

$328

14.3%

Properties Sold .......................................................

28

36

28.6%

Properties Pending Sale .......................................

36

42

16.7%

Properties For Sale ................................................

87

49

-43.7%

Days on Market (Pending Sale) ...........................

87

82

-5.7%

Month’s Supply of Inventory ................................

3.1

1.4

-56.2%

Percent Under Contract ........................................

41.4%

85.7%

107.1%

Average Median Price for Last 12 Months ........

$443,231

$467,000

5.4%

*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.

$495

M E D I A N

S A L E S

(in hundred thousands)

$429

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$467,000 PROPERTIES FOR SALE

49 DAYS ON MARKET**

67 shadow inventory

80 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


Arcadia DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$788,000

$1,100,000

39.6%

Average Price per Square Foot ...........................

$367

$433

18.0%

Properties Sold .......................................................

28

32

14.3%

Properties Pending Sale .......................................

36

40

11.1%

Properties For Sale ................................................

115

51

-55.7%

Days on Market (Pending Sale) ...........................

89

69

-22.5%

Month’s Supply of Inventory ................................

4.1

1.6

-61.2%

Percent Under Contract ........................................

31.3%

78.4%

150.5%

Average Median Price for Last 12 Months ........

$850,462

$957,462

12.6%

*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.

S A L E S

(in hundred thousands)

$1.100

P R I C E

yearly trend

M E D I A N

$788

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$957,462 PROPERTIES FOR SALE

51 DAYS ON MARKET**

65 shadow inventory

33 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


Duarte DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$367,000

$318,000

-13.4%

Average Price per Square Foot ...........................

$232

$246

6.0%

Properties Sold .......................................................

17

8

-52.9%

Properties Pending Sale .......................................

25

16

-36.0%

Properties For Sale ................................................

45

18

-60.0%

Days on Market (Pending Sale) ...........................

77

61

-20.8%

Month’s Supply of Inventory ................................

2.6

2.3

-15.0%

Percent Under Contract ........................................

55.6%

88.9%

60.0%

Average Median Price for Last 12 Months ........

$289,308

$318,538

10.1%

*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.

M E D I A N

S A L E S

$318

(in hundred thousands)

$367

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$318,538 PROPERTIES FOR SALE

18 DAYS ON MARKET**

88 shadow inventory

34 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


Eagle Rock DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$550,000

$505,000

-8.2%

Average Price per Square Foot ...........................

$315

$350

11.1%

Properties Sold .......................................................

9

13

44.4%

Properties Pending Sale .......................................

11

13

18.2%

Properties For Sale ................................................

42

16

-61.9%

Days on Market (Pending Sale) ...........................

53

67

26.4%

Month’s Supply of Inventory ................................

4.7

1.2

-73.6%

Percent Under Contract ........................................

26.2%

81.3%

210.2%

Average Median Price for Last 12 Months ........

$436,769

$492,846

12.8%

*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.

$550

M E D I A N

S A L E S

(in hundred thousands)

$505

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$492,846 PROPERTIES FOR SALE

16 DAYS ON MARKET**

66 shadow inventory

28 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


La Canada Flintridge DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$880,000

$1,165,000

32.4%

Average Price per Square Foot ...........................

$435

$451

3.7%

Properties Sold .......................................................

10

13

30.0%

Properties Pending Sale .......................................

13

15

15.4%

Properties For Sale ................................................

56

37

-33.9%

Days on Market (Pending Sale) ...........................

91

130

42.9%

Month’s Supply of Inventory ................................

5.6

2.8

-49.2%

Percent Under Contract ........................................

23.2%

40.5%

74.6%

Average Median Price for Last 12 Months ........

$1,061,846

$1,106,923

4.2%

*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.

S A L E S

(in hundred thousands)

$1.165

P R I C E

yearly trend

M E D I A N

$880

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$1,106,923 PROPERTIES FOR SALE

37 DAYS ON MARKET**

79 shadow inventory

39 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


Monrovia DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$419,000

$555,000

32.5%

Average Price per Square Foot ...........................

$251

$331

31.9%

Properties Sold .......................................................

13

25

92.3%

Properties Pending Sale .......................................

19

24

26.3%

Properties For Sale ................................................

72

45

-37.5%

Days on Market (Pending Sale) ...........................

119

42

-64.7%

Month’s Supply of Inventory ................................

5.5

1.8

-67.5%

Percent Under Contract ........................................

26.4%

53.3%

102.1%

Average Median Price for Last 12 Months ........

$439,462

$483,538

10.0%

*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.

(in hundred thousands)

$555

P R I C E

yearly trend

M E D I A N

S A L E S

$419

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$483,538 PROPERTIES FOR SALE

45 DAYS ON MARKET**

77 shadow inventory

39 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


Pasadena DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$590,000

$648,000

9.8%

Average Price per Square Foot ...........................

$413

$424

2.7%

Properties Sold .......................................................

55

57

3.6%

Properties Pending Sale .......................................

69

72

4.3%

Properties For Sale ................................................

262

143

-45.4%

Days on Market (Pending Sale) ...........................

89

60

-32.6%

Month’s Supply of Inventory ................................

4.8

2.5

-47.3%

Percent Under Contract ........................................

26.3%

50.3%

91.2%

Average Median Price for Last 12 Months ........

$582,538

$599,538

2.9%

*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.

$648

M E D I A N

S A L E S

(in hundred thousands)

$590

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$599,538 PROPERTIES FOR SALE

143 DAYS ON MARKET**

74 shadow inventory

132 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


San Gabriel DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$465,000

$560,000

20.4%

Average Price per Square Foot ...........................

$333

$369

10.8%

Properties Sold .......................................................

10

13

30.0%

Properties Pending Sale .......................................

15

21

40.0%

Properties For Sale ................................................

80

46

-42.5%

Days on Market (Pending Sale) ...........................

63

79

25.4%

Month’s Supply of Inventory ................................

8.0

3.5

-55.8%

Percent Under Contract ........................................

18.8%

45.7%

143.5%

Average Median Price for Last 12 Months ........

$538,154

$528,538

-1.8%

*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.

$560

M E D I A N

S A L E S

(in hundred thousands)

$465

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$528,538 PROPERTIES FOR SALE

46 DAYS ON MARKET**

79 shadow inventory

24 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


San Marino DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$2,575,000

$2,000,000

-22.3%

Average Price per Square Foot ...........................

$719

$704

-2.1%

Properties Sold .......................................................

2

7

250.0%

Properties Pending Sale .......................................

9

10

11.1%

Properties For Sale ................................................

30

14

-53.3%

Days on Market (Pending Sale) ...........................

128

39

-69.5%

Month’s Supply of Inventory ................................

15.0

2.0

-86.7%

Percent Under Contract ........................................

30.0%

71.4%

138.1%

Average Median Price for Last 12 Months ........

$1,590,538

$1,673,308

5.2%

*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

$2.000

(in hundred thousands)

$2.575

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$1,673,308 PROPERTIES FOR SALE

14 DAYS ON MARKET**

64 shadow inventory

3 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


Sierra Madre DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$910,000

$522,000

-42.6%

Average Price per Square Foot ...........................

$361

$447

23.8%

Properties Sold .......................................................

9

10

11.1%

Properties Pending Sale .......................................

9

12

33.3%

Properties For Sale ................................................

28

17

-39.3%

Days on Market (Pending Sale) ...........................

136

22

-83.8%

Month’s Supply of Inventory ................................

3.1

1.7

-45.4%

Percent Under Contract ........................................

32.1%

70.6%

119.6%

Average Median Price for Last 12 Months ........

$704,000

$668,538

-5.0%

*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

$522

S A L E S

$910

(in hundred thousands)

P R I C E

yearly trend

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$668,538 PROPERTIES FOR SALE

17 DAYS ON MARKET**

76 shadow inventory

13 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : Micro Market Report


South Pasadena DATA*

FEB 2012

FEB 2013

% CHANGE

Median Price ..........................................................

$717,000

$940,000

31.1%

Average Price per Square Foot ...........................

$400

$453

13.3%

Properties Sold .......................................................

11

5

-54.5%

Properties Pending Sale .......................................

9

9

0.0%

Properties For Sale ................................................

19

15

-21.1%

Days on Market (Pending Sale) ...........................

62

62

0.0%

Month’s Supply of Inventory ................................

1.7

3.0

73.7%

Percent Under Contract ........................................

47.4%

60.0%

26.7%

Average Median Price for Last 12 Months ........

$863,462

$901,769

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)

$940

P R I C E

yearly trend

M E D I A N

$717

FEB

MAR

APR

MAY

Micro Market Report : February 2013

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB


telesintelligence.com

the numbers median sales price**

$901,769 PROPERTIES FOR SALE

15 DAYS ON MARKET**

62 shadow inventory

10 **12 month average

active listings

shadow inventory

Teles intelligence where data meets reason

February 2013 : 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:

Teles Intelligence 11990 San Vicente Blvd, Suite 100 Los Angeles, Ca 90049

Phone:

424.203.1800 email:

info@telesintelligence.com


Teles intelligence FEBRUARY 2013 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2013 Teles Properties, Inc. Teles Properties is a registered trademark.

San Gabriel Valley Micro Market Report: February 2013  

The report is in response to our observation that the media’s focus, headlines, and articles revolve around housing data at a macro level an...