Here is a Market Report for Altadena and Pasadena for the week of 11/08.
Altadena
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This week the median list price for Altadena, CA 91001 is $998,750 with the market action index hovering around 74. This is less than last month’s market action index of 75. Inventory has increased to 34.
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The market has started cooling and prices have been flat for several weeks. 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.
- Click here for a detailed report.
Pasadena
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This week the median list price for Pasadena, CA is $1,750,000 with the market action index hovering around 62. This is an increase over last month’s market action index of 60. Inventory has decreased to 91.
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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.
- Click here for a detailed report.