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Market Report for Altadena and Pasadena | October 18

Market Report for Altadena and Pasadena | October 18

by | Oct 18, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 10/18. Altadena This week the median list price for Altadena, CA 91001 is $1,229,000 with the market action index hovering around 75. This is less than last month’s market action index of 81. Inventory has increased to 30. 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 This week the median list price for Pasadena, CA is $1,799,000 with the market action index hovering around 60. This is an increase over last month’s market action index of 59. Inventory has increased 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 MAI. If the market heats up, prices are likely to resume an upward climb. Click here for a detailed...

Market Report for Altadena and Pasadena | October 11

by | Oct 11, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 10/11. Altadena This week the median list price for Altadena, CA 91001 is $1,100,000 with the market action index hovering around 78. This is less than last month’s market action index of 81. Inventory has increased to 33. 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 This week the median list price for Pasadena, CA 91101 is $685,000 with the market action index hovering around 24. This is less than last month’s market action index of 26. Inventory has decreased to 1. Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market. Click here for a detailed...

Market Report for Altadena and Pasadena | October 5

by | Oct 5, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 10/05. Altadena This week the median list price for Altadena, CA 91001 is $1,149,500 with the market action index hovering around 81. This is an increase over last month’s market action index of 80. Inventory has decreased to 26. 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 to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $685,000 with the market action index hovering around 25. This is an increase over last month’s market action index of 18. Inventory has decreased to 1 The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market. Click here to view a detailed...

Market Report for Altadena and Pasadena | September 27

by | Sep 27, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 9/27. Altadena This week the median list price for Altadena, CA 91001 is $1,199,000 with the market action index hovering around 81. This is about the same as last month’s market action index of 81. Inventory has increased to 30. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. 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 MAI before price stability is achieved. Click here to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $685,000 with the market action index hovering around 25. This is an increase over last month’s market action index of 18. Inventory has decreased to 1. Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing. Click here to view a detailed...

Market Report for Altadena and Pasadena | September 22

by | Sep 22, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 9/22. Altadena This week the median list price for Altadena, CA 91001 is $1,089,000 with the market action index hovering around 81. This is about the same as last month’s market action index of 81. Inventory has increased to 29. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. 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 MAI before price stability is achieved. Click here for a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $685,000 with the market action index hovering around 26. This is an increase over last month’s market action index of 18. Inventory has held steady at or around 1. Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing. Click here for a detailed...