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Market Report for Altadena and Pasadena | January 10

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...