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Market Report for Altadena and Pasadena | September 27

Market Report for Altadena and Pasadena | September 27

by | Sep 27, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 9/27. Altadena This week the median list price for Altadena, CA 91001 is $1,199,000 with the market action index hovering around 81. This is about the same as last month’s market action index of 81. Inventory has increased to 30. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved. Click here to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $685,000 with the market action index hovering around 25. This is an increase over last month’s market action index of 18. Inventory has decreased to 1. Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing. Click here to view a detailed...

Market Report for Altadena and Pasadena | September 22

by | Sep 22, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 9/22. Altadena This week the median list price for Altadena, CA 91001 is $1,089,000 with the market action index hovering around 81. This is about the same as last month’s market action index of 81. Inventory has increased to 29. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved. Click here for a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $685,000 with the market action index hovering around 26. This is an increase over last month’s market action index of 18. Inventory has held steady at or around 1. Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing. Click here for a detailed...

Market Report for Altadena and Pasadena | September 13

by | Sep 13, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 9/13. Altadena This week the median list price for Altadena, CA 91001 is $1,050,000 with the market action index hovering around 80. This is less than last month’s market action index of 82. Inventory has decreased to 27. Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. Click here to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,137,500 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has increased to 2. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse. Click here to view a detailed...

Market Report for Altadena and Pasadena | September 8

by | Sep 8, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 9/08. Altadena This week the median list price for Altadena, CA 91001 is $1,072,500 with the market action index hovering around 81. This is an increase over last month’s market action index of 76. Inventory has decreased to 30. 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 to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,137,500 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has increased to 2. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse. Click here to view a detailed...

Market Report for Altadena and Pasadena | August 30

by | Aug 30, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 8/30. Altadena This week the median list price for Altadena, CA 91001 is $1,097,500 with the market action index hovering around 81. This is an increase over last month’s market action index of 77. Inventory has decreased to 28. 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 to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,137,500 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has increased to 2. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse. Click here to view a detailed...