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Market Report for Altadena and Pasadena | November 8

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...

Market Report for Altadena and Pasadena | November 1

by | Nov 1, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 11/01. Altadena This week the median list price for Altadena, CA 91001 is $1,198,500 with the market action index hovering around 75. This is less than last month’s market action index of 78. Inventory has increased to 38. 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 $1,674,000 with the market action index hovering around 61. This is about the same as last month’s market action index of 61. Inventory has increased to 104. 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 | October 25

by | Oct 25, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 10/25. Altadena This week the median list price for Altadena, CA 91001 is $1,199,000 with the market action index hovering around 75. This is less than last month’s market action index of 81. Inventory has increased to 36. 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 $1,765,000 with the market action index hovering around 62. This is an increase over last month’s market action index of 61. Inventory has increased to 108. 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...

Market Report for Altadena and Pasadena | October 18

by | Oct 18, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 10/18. Altadena This week the median list price for Altadena, CA 91001 is $1,229,000 with the market action index hovering around 75. This is less than last month’s market action index of 81. Inventory has increased to 30. 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 $1,799,000 with the market action index hovering around 60. This is an increase over last month’s market action index of 59. Inventory has increased to 107. 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 | October 11

by | Oct 11, 2021 | Market

Here is a Market Report for Altadena and Pasadena for the week of 10/11. Altadena This week the median list price for Altadena, CA 91001 is $1,100,000 with the market action index hovering around 78. This is less than last month’s market action index of 81. Inventory has increased to 33. 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 91101 is $685,000 with the market action index hovering around 24. This is less than last month’s market action index of 26. Inventory has decreased to 1. Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market. Click here for a detailed...