by Kathy Gibson | Mar 8, 2022 | Buying, Market, Neighborhood, Selling, Uncategorized
Altadena This week the median list price for Altadena, CA 91001 is $1,250,000. Market Action Index is hovering around 78, which is an increase over last month’s market action index of 76. Inventory has increased to 25. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Pasadena This week the median list price for Pasadena, CA is $1,650,000. The Market Action Index is hovering around 63. This is less than last month’s market action index of 64. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Inventory has increased to...
by Kathy Gibson | Mar 3, 2022 | Market
Altadena This week the median list price for Altadena, CA 91001 is $999,999 with the market action index hovering around 76. This is the same as last month’s market action index of 76. Inventory has increased to 29. Click here to see more details. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone. If the market heats up, prices are likely to resume an upward climb. Pasadena This week the median list price for Pasadena, CA is $1,700,000 with the market action index hovering around 63. This is an increase over last month’s market action index of 61. Inventory has increased to 79. Click here to see more details. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend...
by Kathy Gibson | Feb 23, 2022 | Market
Here is a Market Report for Altadena and Pasadena for the week of 02/23. Altadena This week the median list price for Altadena, CA 91001 is $1,144,500 with the market action index hovering around 76. This is about the same as last month’s market action index of 76. Inventory has increased to 30. While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist. Detailed Altadena market report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 37. This is less than last month’s market action index of 40. Inventory has held steady at or around 1 The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. Detailed Pasadena market...
by Kathy Gibson | Feb 14, 2022 | Market
Here is a Market Report for Altadena and Pasadena for the week of 02/14. Altadena This week the median list price for Altadena, CA 91001 is $1,194,500 with the market action index hovering around 76. This is an increase over last month’s market action index of 73. Inventory has increased to 24. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Detailed Altadena market report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 37. This is less than last month’s market action index of 43. Inventory has held steady at or around 1. The market has started cooling and prices have recently plateaued. Since 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 prices. Detailed Pasadena market...
by Kathy Gibson | Feb 7, 2022 | Market
Here is a Market Report for Altadena and Pasadena for the week of 02/07. Altadena This week the median list price for Altadena, CA 91001 is $1,169,500 with the market action index hovering around 76. This is an increase over last month’s market action index of 71. Inventory has increased to 22. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Detailed Altadena market report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 38. This is less than last month’s market action index of 45. Inventory has held steady at or around 1. The market has started cooling and prices have recently plateaued. Since 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 prices. Detailed Pasadena market...
by Kathy Gibson | Feb 2, 2022 | Market
Pasadena Quarterly Market Insights Report (Micro): Q4 2021 Home sales in greater Pasadena trended down with a 2 percent decline while the average sales price increased by 8 percent to $1.2 million. South Pasadena single-family home sales activity rebounded form last year’s fourth quarter, increasing 28 percent while condo prices there increased 36 percent. Desirable San Marino saw a 40 percent increase in year-over-year single family homes sales activity. The average sales price for that single-family in San Marino rose to $2.7 million. Number of Sales Average Sold Price Days on Market TYPE 2020 2021 %CHANGE 2020 2021 %CHANGE 2020 2021 %CHANGE Alhambra SFR CONDO 57 52 55 41 -3.5% -21.15% $818k $595k $927k $649k 13.4% 9% 26 42 33 35 26.9% -16.7% Altadena SFR CONDO 92 0 92 0 0% N/A $1.18m 0 $1.26m 0 7.4% N/A 30 0 21 0 -30% N/A Pasadena SFR CONDO 264 177 227 166 -14% -6% $1.56m $717k $1.7m $869k 10.5% 21.2% 35 40 31 31 -11.4% -22.5% San Gabriel SFR CONDO 60 20 72 31 20% 55% $980k $618k $1.13m $831k 15.6% 34.4% 20 30 24 30 20% 0% San Marino SFR CONDO 30 0 42 0 40% N/A $2.66m 0 $2.75m 0 3.4% N/A 60 0 50 0 -16.7% N/A South Pasadena SFR CONDO 29 14 37 19 28% 36% $1.84m $887k $1.74m $959k -5.6% 8.2% 24 19 27 18 12.5% -5.3% *Numbers are rounded *Extracted from Compass California Blog. Click here for the original...