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Market Report for Altadena and Pasadena | January 24

Market Report for Altadena and Pasadena | January 24

by | Jan 24, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 01/24. Altadena This week the median list price for Altadena, CA 91001 is $1,195,000 with the market action index hovering around 73. This is an increase over last month’s market action index of 70. Inventory has decreased to 24. 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 43. This is less than last month’s market action index of 49. Inventory has held steady at or around 1. Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone. Click here for a detailed...

Market Report for Altadena and Pasadena | January 18

by | Jan 18, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 01/18. Altadena This week the median list price for Altadena, CA 91001 is $1,250,000 with the market action index hovering around 71. This is an increase over last month’s market action index of 69. Inventory has decreased to 23. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. 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 45. This is less than last month’s market action index of 49. Inventory has decreased to 1. The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory. Click here for a detailed report. Los Angeles County  Click here for a detailed...

Market Report for Altadena and Pasadena | January 10

by | Jan 10, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 01/10. Altadena This week the median list price for Altadena, CA 91001 is $1,247,000 with the market action index hovering around 71. This is an increase over last month’s market action index of 69. Inventory has decreased to 20. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices 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 49. This is an increase over last month’s market action index of 38. Inventory has decreased to 1. 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 and prices have recently resumed upward pressure. Click here for a detailed...

Market Report for Altadena and Pasadena | January 3

by | Jan 3, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 01/03. Altadena This week the median list price for Altadena, CA 91001 is $1,495,000 with the market action index hovering around 70. This is an increase over last month’s market action index of 69. Inventory has decreased to 19. Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone. Click here for a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,400,000 with the market action index hovering around 49. This is about the same as last month’s market action index of 49. Inventory has held steady at or around 1. 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 and prices have recently resumed upward pressure. Click here for a detailed...

Market Report for Altadena and Pasadena | December 20

by | Dec 20, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 12/20. Altadena This week the median list price for Altadena, CA 91001 is $1,312,499 with the market action index hovering around 69. This is less than last month’s market action index of 75. Inventory has decreased to 28. Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone. Click here for a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,190,000 with the market action index hovering around 38. This is about the same as last month’s market action index of 38. Inventory has held steady at or around 2. The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb. Click here for a detailed...