Here is a Market Report for Altadena and Pasadena for the week of 12/20.
Altadena
-
This week the median list price for Altadena, CA 91001 is $1,312,499 with the market action index hovering around 69. This is less than last month’s market action index of 75. Inventory has decreased to 28.
-
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
- Click here for a detailed report.
Pasadena
-
This week the median list price for Pasadena, CA 91101 is $1,190,000 with the market action index hovering around 38. This is about the same as last month’s market action index of 38. Inventory has held steady at or around 2.
-
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
- Click here for a detailed report.