by Kathy Gibson | Aug 29, 2022 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Aug 29 2022 This week the median list price for Pasadena, CA is $1,449,500 with the market action index hovering around 53. This is less than last month’s market action index of 54. Inventory has decreased to 120. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the market action index before price stability is achieved. Altadena, CA 91001 Mon Aug 29 2022 This week the median list price for Altadena, CA 91001 is $1,199,000 with the market action index hovering around 69. This is less than last month’s market action index of 74. Inventory has increased to 39. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in market action index (MAI), we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on...
by Kathy Gibson | Aug 22, 2022 | Market, Selling
Pasadena, CA Mon Aug 22 2022 This week the median list price for Pasadena, CA is $1,437,000 with the market action index hovering around 53. This is about the same as last month’s market action index of 53. Inventory has decreased to 124. The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. La Crescenta, CA Mon Aug 22 2022 This week the median list price for La Crescenta, CA is $1,175,000 with the market action index hovering around 69. This is less than last month’s market action index of 73. Inventory has decreased to 29. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in market action index (MAI), we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on...
by Kathy Gibson | Aug 15, 2022 | Buying, Market, Neighborhood, Selling
Pasadena, CA This week the median list price for Pasadena, CA is $1,437,000 with the market action index hovering around 53. This is less than last month’s market action index of 55. Inventory has held steady at or around 114. The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. South Pasadena, CA 91030 This week the median list price for South Pasadena, CA 91030 is $1,744,000 with the market action index hovering around 54. This is less than last month’s market action index of 56. Inventory has increased to 22. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the market action index before price stability is...
by Kathy Gibson | Aug 13, 2022 | Uncategorized
The plan is starting to come together! Last week a concrete truck pulled up and before I knew it, the crew had leveled the concrete smooth and left it to dry. I’ve been dreaming about all of the things I’m going to be making. Maybe because I’ve been watching this guy with a YouTube channel called The Wood Fired Oven Chef right before I go to sleep (his voice is so calm but at times can be overly-dramatic). Although I’m super excited to make pizza, there are so many non-pizza dishes I can’t wait to try! What’s your favorite non-pizza dish to make in a pizza oven?...
by Kathy Gibson | Aug 5, 2022 | Uncategorized
Pasadena, CA Fri Aug 05 2022 This week the median list price for Pasadena, CA is $1,499,500 with the market action index hovering around 53. This is less than last month’s market action index of 59. Inventory has increased to 136. The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. Altadena, CA Fri Aug 05 2022 This week the median list price for Altadena, CA 91001 is $1,174,000 with the market action index hovering around 77. This is less than last month’s market action index of 83. Inventory has decreased to 32. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in market action index (MAI), we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on...