Is it considered stolen property now?

Last friday i chilled with this kid a yr younger then me i'm 17 hes 16 and he had asked to borrow my ipod. He has a iphone. I said no more then times then when we went downstairs i had seen he had slid my ipod touch into his front pocket. So i said wheres my ipod? He said i think you left it upstairs. Then i got mad i was like *** i seen you put it on yo pocket! And he gave it back he was like come on let me borrow it because he was going to a basketball game and wanted to listen to music like. He has a iphone coulda used that. Anyway i got sick of the nagging so i said yeah fine but i better get it back he swore up and down he would. Now its almost been a week and hes dodging me avoiding my calls and texts. I have texts in my phone from him saying hed return it and stuff.
And get this he was in my city yesterday! Its clear hes avoiding me.
So my question is if i take this to the police do i report it as stolen property
or how do i approach this the proper way to get it back?
Technically its now stolen property right?

Yeap its stolen property now. The texts are important as evidence show it to the police and land his *** in jail. :3

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