by Kathy Gibson | Mar 21, 2023 | Uncategorized
Pasadena, CA Tue Mar 21 2023This week the median list price for Pasadena, CA is $1,702,900 with the market action index hovering around 45. This is less than last month’s market action index of 46. Inventory has held steady at or around 94. The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb. Altadena, CA 91001 Tue Mar 21 2023This week the median list price for Altadena, CA 91001 is $1,180,000 with the market action index hovering around 51. This is an increase over last month’s market action index of 49. Inventory has decreased to 25. While the Market Action Index (MAI) shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the...
by Kathy Gibson | Feb 6, 2023 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Feb 06 2023 This week the median list price for Pasadena, CA is $1,394,750 with the market action index (MAI) hovering around 44. This is an increase over last month’s market action index of 43. Inventory has increased to 88. The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. Altadena, CA 91001 Mon Feb 06 2023 This week the median list price for Altadena, CA 91001 is $1,307,500 with the market action index (MAI) hovering around 51. This is less than last month’s market action index of 54. Inventory has increased to 24. 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 | 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 | Nov 14, 2022 | Buying, Market, Open House, Selling
Pasadena, CA Mon Nov 14 2022 This week the median list price for Pasadena, CA is $1,650,000 with the market action index hovering around 46. This is less than last month’s market action index (MAI) of 50. Inventory has increased to 131. 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 14 2022 This week the median list price for Altadena, CA 91001 is $1,299,500 with the market action index hovering around 57. This is less than last month’s market action index of 58. 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 | Sep 26, 2022 | Home and Garden, Neighborhood
Last week was huge! Our contractor and his crew were here all week and we now have stucco, a working Argentinian grill, and the construction debris GONE! Our buddies were in town so it was perfect timing to host a dinner. Philip Krumal, winemaker extraordinaire, cooked veggies and Shriner’s sausages for all of us. BTW, Philip’s award-winning wines can be found at Asuncion Ridge winery in Paso Robles. Stay tuned .. coming up .. saltillo tile floor, concrete counters and mounted TV so we can watch the...