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Market Report for Altadena and Pasadena | November 15

Market Report for Altadena and Pasadena | November 15

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...

Pasadena Micro Market Q3 Report

Pasadena Quarterly Market Insights Report (Micro): Q3 2021 Home sales activity in Pasadena increased 22 percent compared to last year’s third quarter. Home prices were strong with the average sales price increasing 28 percent to $1.3 million. The average sales price for Pasadena condos hit a 29 percent increase at $923,698. Year-over-year condo sales in Alhambra was quickly rising to 60 percent.   Number of Sales Average Sold  Price Days on Market TYPE 2020 2021 %CHANGE 2020 2021 %CHANGE 2020 2021 %CHANGE Alhambra SFR  CONDO 42 37 56 59 33% 60% $804k $580k $928k $645k 15% 11% 20 37 18 25 -10% -32% Altadena SFR  CONDO 92 1 106 1 15% 0% $1.1m $475k $1.4m $689k 25% 45% 26 7 26 40 0% 472% Pasadena SFR  CONDO 225 133 244 183 8% 38% $1.4m $717k $1.7m $924k 24% 29% 33 35 26 36 -21% 3% San Gabriel SFR  CONDO 71 13 79 27 11% 108% $927k $690k $1.14m $782k 23% 13% 26 29 26 18 0% -38% San Marino SFR  CONDO 35 0 41 0 17% N/A $2.2m 0 $3.5m 0 60% N/A 43 0 33 0 -23% N/A South Pasadena SFR  CONDO 35 9 42 10 20% 11% $1.6m $818k $1.9m $923k 16% 13% 37 26 21 22 -43% -15% *Numbers are rounded *Extracted from Compass California Blog. Click here for the original...

Market Report for Altadena and Pasadena | November 8

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...

A Moving Checklist You Don’t Want to Miss

Relocating to a new city is an exciting new chapter in your life, but it can become quite stressful if you don’t prepare and strategize your next steps. The key is to start getting ready for your move early so that you have time to complete all your tasks with room to spare. Then, you will be in a better position to settle comfortably into your new home! Here are some tips to help you do just that. Ready to list or purchase a home? Seasoned real estate professional Kathy Gibson can help with all your buying and selling needs. Call 626-826-9003 to schedule an appointment! Before You Leave  It’s never too early to begin preparing for your move. Here are some quick items to check off of your list: About six to eight weeks before your move, start decluttering your belongings and thinking about what you will take with you. At least a month before moving day, research professional movers, and make sure they are legitimate. Moving company scams are rampant; get referrals from people you know, meet candidates in person, ensure they are licensed, and get your estimate and agreement in writing.  Begin packing up your belongings at least two or three weeks before moving day. Categorize items by room, and clearly label the boxes.  Around the same time, contact utility companies in your new location to make sure you have electricity, water, gas, and internet when you arrive at your new home.  When You Arrive Now, let’s talk about some things you can do to settle in quickly after you get to your new home: Deep...

Market Report for Altadena and Pasadena | November 1

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...