Here is a Market Report for Altadena and Pasadena for the week of 11/29.
Altadena
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This week the median list price for Altadena, CA 91001 is $1,112,000 with the market action index hovering around 75. This is an increase over last month’s market action index of 74. Inventory has decreased to 26.
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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 climb.
- Click here for a detailed report.
Pasadena
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This week the median list price for Pasadena, CA 91101 is $1,130,000 with the market action index hovering around 38. This is an increase over last month’s market action index of 30. Inventory has held steady at or around 2.
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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 climb.
- Click here for a detailed report.