by Kathy Gibson | Mar 8, 2022 | Buying, Market, Neighborhood, Selling, Uncategorized
Altadena This week the median list price for Altadena, CA 91001 is $1,250,000. Market Action Index is hovering around 78, which is an increase over last month’s market action index of 76. Inventory has increased to 25. 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. Pasadena This week the median list price for Pasadena, CA is $1,650,000. The Market Action Index is hovering around 63. This is less than last month’s market action index of 64. 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. Inventory has increased to...
by Kathy Gibson | Feb 23, 2022 | Market
Here is a Market Report for Altadena and Pasadena for the week of 02/23. Altadena This week the median list price for Altadena, CA 91001 is $1,144,500 with the market action index hovering around 76. This is about the same as last month’s market action index of 76. Inventory has increased to 30. While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist. Detailed Altadena market report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 37. This is less than last month’s market action index of 40. Inventory has held steady at or around 1 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. Detailed Pasadena market...
by Kathy Gibson | Feb 14, 2022 | Market
Here is a Market Report for Altadena and Pasadena for the week of 02/14. Altadena This week the median list price for Altadena, CA 91001 is $1,194,500 with the market action index hovering around 76. This is an increase over last month’s market action index of 73. Inventory has increased to 24. 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. Detailed Altadena market report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 37. This is less than last month’s market action index of 43. Inventory has held steady at or around 1. The market has started cooling and prices have recently plateaued. 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. Detailed Pasadena market...
by Kathy Gibson | Feb 7, 2022 | Market
Here is a Market Report for Altadena and Pasadena for the week of 02/07. Altadena This week the median list price for Altadena, CA 91001 is $1,169,500 with the market action index hovering around 76. This is an increase over last month’s market action index of 71. Inventory has increased to 22. 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. Detailed Altadena market report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 38. This is less than last month’s market action index of 45. Inventory has held steady at or around 1. The market has started cooling and prices have recently plateaued. 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. Detailed Pasadena market...
by Kathy Gibson | Jan 31, 2022 | Market
Here is a Market Report for Altadena and Pasadena for the week of 01/31. Altadena This week the median list price for Altadena, CA 91001 is $1,100,000 with the market action index hovering around 76. This is an increase over last month’s market action index of 71. Inventory has increased to 23. While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist. Click here for a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 40. This is less than last month’s market action index of 49. Inventory has held steady at or around 1. The market has started cooling and prices have recently plateaued. 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...