by Kathy Gibson | Dec 13, 2022 | Buying, Market, Neighborhood, Selling
The Holidays can be a great time to sell Historically the ideal time to sell a home is during the spring months. Many people who may be thinking of moving are distracted with the holidays, and inclement weather can keep people from wanting to go house hunting. However, selling during the holidays can be a benefit for a seller. Here’s why. Inventory The number of homes coming on the market is extremely low. If you price your home right, it’s likely to sell in a short amount of time. You may be able to sell for a higher price than you could during the spring since there’s less competition. Mindset of Buyers Buyers that are house hunting during the holidays are motivated! There’s a reason they’re out shopping during one of the busiest seasons of the year. Fewer Looky-Lu’s Buyers who will come to open houses during the holidays are motivated. Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Your neighbors don’t have precious time to spare roaming through your home just because they’re curious. Holiday Nostalgia The holidays are a time for baking cookies, gathering around the fireplace and making ones home beautiful. Holiday decorations create a sense of warmth and togetherness, so it’s easier for a prospective buyer to feel an emotional connection to your space. Festive Neighborhoods People decorate their homes for the holidays, and festive neighborhoods create a sense of nostalgia that buyers will connect with. Streets adorned with decorations can be an emotional connection for a prospective buyer. Tax planning and Relocations There...
by Kathy Gibson | Dec 12, 2022 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Dec 12 2022 This week the median list price for Pasadena, CA is $1,445,000 with the market action index (MAI) hovering around 43. This is less than last month’s market action index of 45. Inventory has decreased to 125. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in the 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 | Dec 6, 2022 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Tue Dec 06 2022 This week the median list price for Pasadena, CA is $1,580,000 with the market action index (MAI) hovering around 44. This is less than last month’s market action index of 46. Inventory has increased to 125. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 prices. Monrovia, CA 91016 Tue Dec 06 2022 This week the median list price for Monrovia, CA 91016 is $1,062,000 with the market action index (MAI) hovering around 48. This is an increase over last month’s market action index of 47. Inventory has decreased to 28. 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward...
by Kathy Gibson | Nov 28, 2022 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Mon Nov 28 2022 This week the median list price for Pasadena, CA is $1,498,000 with the market action index (MAI) hovering around 44. This is less than last month’s market action index of 48. Inventory has increased to 135. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 prices. Altadena, CA 91001 Mon Nov 28 2022 This week the median list price for Altadena, CA 91001 is $1,325,000 with the market action index hovering around 53. This is less than last month’s market action index of 55. Inventory has decreased to 31. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 | Oct 31, 2022 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Oct 31 2022 This week the median list price for Pasadena, CA is $1,679,500 with the market action index hovering around 50. This is about the same as last month’s market action index of 50. Inventory has increased to 124. 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 so watch changes in the Market Action Index. Palm Springs, CA Mon Oct 31 2022 This week the median list price for Palm Springs, CA is $1,295,000 with the market action index hovering around 35. This is less than last month’s market action index of 36. Inventory has increased to 251. 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...
by Kathy Gibson | Oct 18, 2022 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Tue Oct 18 2022 This week the median list price for Pasadena, CA is $1,649,000 with the market action index hovering around 50. This is about the same as last month’s market action index of 50. Inventory has decreased to 107. 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 so watch changes in the market action index. If the market heats up, prices are likely to resume an upward climb. Arcadia, CA Tue Oct 18 2022 This week the median list price for Arcadia, CA is $2,345,000 with the market action index hovering around 34. This is about the same as last month’s market action index of 34. Inventory has decreased to 108. 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. ...