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micro market report san gabriel valley JUNE 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 : June 2012


telesintelligence.com

bay

los angeles

e county

san fernando

San Gabriel

South Pasadena

San Marino

June 2012 : Micro Market Report


San Gabriel Valley Macro Market DATA *

JUN 2011

JUN 2012

% CHANGE

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

$669,778

$693,222

3.5%

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

$361

$380

5.3%

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

252

279

10.7%

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

268

276

3.0%

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

922

624

-32.3%

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

74

72

-3.0%

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

3.7

2.2

-38.9%

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

29.1%

44.2%

52.2%

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

$817,250

$710,547

-13.1%

*Information obtained from iTech MLS and Foreclosure Radar for all areas in San Gabriel Valley Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.

$693

M E D I A N

S A L E S

(in hundred thousands)

$670

P R I C E

yearly trend

JUN

JUL

AUG

SEP

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Altadena DATA

JUN 2011

JUN 2012

% CHANGE

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

$475,000

$418,000

-12.0%

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

$328

$308

-6.1%

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

33

44

33.3%

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

42

47

11.9%

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

116

55

-52.6%

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

73

75

2.7%

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

3.5

1.3

-64.4%

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

36.2%

85.5%

136.0%

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

$506,000

$436,538

-13.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$418

S A L E S

$475

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

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the numbers median sales price**

$436,538

PROPERTIES FOR SALE

55

DAYS ON MARKET**

71

SHADOW INVENTORY

163

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Arcadia DATA

JUN 2011

JUN 2012

% CHANGE

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

$865,000

$808,000

-6.6%

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

$398

$413

3.8%

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

40

47

17.5%

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

41

38

-7.3%

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

159

121

-23.9%

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

62

67

8.1%

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

4.0

2.6

-35.2%

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

25.8%

31.4%

21.8%

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

$837,154

$851,154

1.7%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$808

(in hundred thousands)

$865

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

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FEB

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telesintelligence.com

the numbers median sales price**

$851,154

PROPERTIES FOR SALE

121

DAYS ON MARKET**

68

SHADOW INVENTORY

65

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Eagle Rock DATA

JUN 2011

JUN 2012

% CHANGE

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

$388,000

$550,000

41.8%

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

$334

$345

3.3%

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

11

17

54.5%

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

12

15

25.0%

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

37

35

-5.4%

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

100

92

-8.0%

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

3.4

2.1

-38.8%

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

32.4%

42.9%

32.1%

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

$441,231

$444,077

0.6%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. 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)

$388

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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JAN

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telesintelligence.com

the numbers median sales price**

$444,077

PROPERTIES FOR SALE

35

DAYS ON MARKET**

61

SHADOW INVENTORY

60

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


La Canada Flintridge DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,160,000

$950,000

-18.1%

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

$435

$458

5.3%

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

31

21

-32.3%

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

26

19

-26.9%

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

96

75

-21.9%

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

58

83

43.1%

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

3.1

3.6

15.3%

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

27.1%

25.3%

-6.5%

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

$1,142,462

$1,045,750

-8.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$950

S A L E S

$1.160

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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telesintelligence.com

the numbers median sales price**

$1,038,385

PROPERTIES FOR SALE

75

DAYS ON MARKET**

74

SHADOW INVENTORY

62

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


Pasadena DATA

JUN 2011

JUN 2012

% CHANGE

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

$610,000

$610,000

0.0%

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

$402

$390

-3.0%

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

90

109

21.1%

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

96

108

12.5%

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

333

193

-42.0%

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

85

82

-3.5%

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

3.7

1.8

-52.1%

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

28.8%

56.0%

94.1%

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

$585,538

$582,538

-0.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

$610

M E D I A N

S A L E S

(in hundred thousands)

$610

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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JAN

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APR

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telesintelligence.com

the numbers median sales price**

$582,538

PROPERTIES FOR SALE

193

DAYS ON MARKET**

79

SHADOW INVENTORY

292

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


San Gabriel DATA

JUN 2011

JUN 2012

% CHANGE

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

$535,000

$524,000

-2.1%

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

$312

$365

17.0%

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

22

26

18.2%

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

28

25

-10.7%

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

116

86

-25.9%

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

83

45

-45.8%

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

5.3

3.3

-37.3%

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

24.1%

29.1%

20.4%

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

$525,462

$533,308

1.5%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

S A L E S

$524

(in hundred thousands)

$535

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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JAN

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APR

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telesintelligence.com

the numbers median sales price**

$533,308

PROPERTIES FOR SALE

86

DAYS ON MARKET**

68

SHADOW INVENTORY

74

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


San Marino DATA

JUN 2011

JUN 2012

% CHANGE

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

$1,145,000

$1,719,000

50.1%

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

$595

$638

7.2%

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

10

10

0.0%

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

12

17

41.7%

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

39

34

-12.8%

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

65

42

-35.4%

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

3.9

3.4

-12.8%

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

30.8%

50.0%

62.5%

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

$1,681,462

$1,630,385

-3.0%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$1.145

S A L E S

$1.719

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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JAN

FEB

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APR

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telesintelligence.com

the numbers median sales price**

$1,630,385

PROPERTIES FOR SALE

34

DAYS ON MARKET**

67

SHADOW INVENTORY

8

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


South Pasadena DATA

JUN 2011

JUN 2012

% CHANGE

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

$850,000

$660,000

-22.4%

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

$441

$500

13.4%

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

15

5

-66.7%

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

11

7

-36.4%

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

26

25

-3.8%

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

65

87

33.8%

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

1.7

5.0

188.5%

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

42.3%

28.0%

-33.8%

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

$818,692

$878,538

7.3%

*Information obtained from Broker Metrics, The MLS and Foreclosure Radar. Statistics are subject to change due to individual real estate company reporting disciplines.

M E D I A N

$660

S A L E S

$850

(in hundred thousands)

P R I C E

yearly trend

JUN

JUL

AUG

SEP

Micro Market Report : June 2012

OCT

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JAN

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telesintelligence.com

the numbers median sales price**

$878,538

PROPERTIES FOR SALE

25

DAYS ON MARKET**

65

SHADOW INVENTORY

23

**12 month average

active listings

s h ad o w invent o r y

Teles intelligence where data meets reason

June 2012 : Micro Market Report


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References

CONTACTS:

Zach Kahn Research & Data Designer, Teles Intelligence zach.kahn@telesproperties.com Steve Shull Chief Strategist, Teles Intelligence steve.shull@telesproperties.com Sharran Srivatsaa Chief Executive Officer, Teles Intelligence sharran.srivatsaa@telesproperties.com

location:

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Phone:

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Teles intelligence JUNE 2012 | LOS ANGELES | ORANGE COUNTY | SAN FERNANDO | SAN GABRIEL | SOUTH BAY Š2012 Teles Properties, Inc. Teles Properties is a registered trademark.


San Gabriel Valley Micro Market Report : June 2012