by Kathy Gibson | Sep 26, 2022 | Market, Neighborhood, Selling
Pasadena, CA Mon Sep 26 2022 This week the median list price for Pasadena, CA is $1,579,000 with the market action index hovering around 50. This is less than last month’s market action index of 52. Inventory has decreased to 115. The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Sep 26 2022 This week the median list price for Altadena, CA 91001 is $1,224,500 with the market action index hovering around 60. This is less than last month’s market action index of 66. Inventory has increased to 48. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in the Market Action Index (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 | Aug 5, 2022 | Buying, Market, Neighborhood
Photo by Erda Estremera on Unsplash 5 Essential Tips for Moving to a Big New City Moving to a big city, such as the Los Angeles area or Pasadena can seem daunting. You’ll have to consider living costs, taxes, real estate, making new friends, finding employment, and more. This can be an incredibly stressful, yet also exciting, time of your life. The following tips will help you move to a large new city: 1. Budget for Higher Living Costs Higher living costs are inevitable when you move to a big city. The world’s greatest cities, such as New York City, London, and Los Angeles, come with endless career opportunities but a hefty price tag. The average cost of living in Los Angeles is $1,073 for one person without rent. That’s significantly more than most of the United States. However, you can budget by using apps like Mint, which allows you to manage your spending all from one account. 2. Look for Big City Attractions You’ll find more attractions in a big city than in a small town. Los Angeles, for example, has some of the best tourist attractions in the United States, including the Hollywood Walk of Fame, Griffith Observatory, and Santa Monica Pier. Visiting the city’s best attractions when you first move can make you feel at home. If you’re a sports fan, Los Angeles has some of the best sporting events. For example, take in a game at the famous Dodgers Stadium. Find great rates for Los Angeles Dodgers tickets online. Some online ticket sellers even offer 360-degree virtual in-seat views. 3. Connect at Social Events Moving...
by Kathy Gibson | May 6, 2020 | Market
Here’s a window into the Pasadena and Altadena market over the past 24...
by Kathy Gibson | May 6, 2020 | Buying, Market, Selling, Uncategorized
Does it make sense to move up during a soft market? Maybe. Given the characteristics of our low inventory, high demand market climate over the past several years smart investors will find opportunity when others are cautious. This 2-minute presentation will provide food for thought. Let’s have a strategy...