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Market Report for Altadena and Pasadena | December 13

Market Report for Altadena and Pasadena | December 13

by | Dec 13, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 12/13. Altadena This week the median list price for Altadena, CA 91001 is $1,250,000 with the market action index hovering around 69. This is less than last month’s market action index of 71. Inventory has increased to 35. 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. 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 49. This is an increase over last month’s market action index of 28. Inventory has held steady at or around 2. 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 | December 6

by | Dec 6, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 12/06. Altadena This week the median list price for Altadena, CA 91001 is $1,298,000 with the market action index hovering around 73. This is about the same as last month’s market action index of 73. Inventory has decreased to 25. 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. Click here for a detailed report. Pasadena This week the median list price for Pasadena, CA is $1,543,944 with the market action index hovering around 60. This is an increase over last month’s market action index of 59. Inventory has decreased to 80. The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.. Click here for a detailed...

Market Report for Altadena and Pasadena | November 29

by | Nov 29, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 11/29. Altadena This week the median list price for Altadena, CA 91001 is $1,112,000 with the market action index hovering around 75. This is an increase over last month’s market action index of 74. 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 for a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,130,000 with the market action index hovering around 38. This is an increase over last month’s market action index of 30. Inventory has held steady at or around 2. 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 | November 15

by | Nov 15, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 11/15. Altadena This week the median list price for Altadena, CA 91001 is $995,000 with the market action index hovering around 73. This is less than last month’s market action index of 75. Inventory has increased to 33. 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. Click here for a detailed report. Pasadena This week the median list price for Pasadena, CA is $1,697,000 with the market action index hovering around 59. This is less than last month’s market action index of 62. Inventory has decreased to 102. 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 | November 8

by | Nov 8, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 11/08. Altadena This week the median list price for Altadena, CA 91001 is $998,750 with the market action index hovering around 74. This is less than last month’s market action index of 75. Inventory has increased to 34. 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 $1,750,000 with the market action index hovering around 62. This is an increase over last month’s market action index of 60. Inventory has decreased to 91. 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. Click here for a detailed...