Realtor®

Guide to downsizing

Altadena and Pasadena Market Report | March 23, 2022

Altadena This week the median list price for a single family home in Altadena, CA 91001 is $1,295,000 Market action index hovering around 81, which is an increase over last month’s market action index of 76. Inventory has increased to 31. 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. Pasadena This week the median list price for a single family home in Pasadena, CA is $1,901,444. The market action index (MAI) is hovering around 67, which is an increase over last month’s market action index of 63. Inventory has increased to 80. The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their...

Altadena and Pasadena Market Report | March 18, 2022

Altadena This week the median list price for Altadena, CA 91001 is $1,177,000. The market action index is hovering around 83. This is an increase over last month’s market action index of 76. Inventory has held steady at or around 24. 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. Pasadena This week the median list price for Pasadena, CA is $1,914,000. The Market Action Index (MAI) is hovering around 67, which is an increase over last month’s market action index of 63. Inventory has increased to 77. The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their...

Market Report for Altadena and Pasadena | March 8, 2022

Altadena This week the median list price for Altadena, CA 91001 is $1,250,000. Market Action Index is hovering around 78, which is an increase over last month’s market action index of 76. Inventory has increased to 25. 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. Pasadena This week the median list price for Pasadena, CA is $1,650,000. The Market Action Index is hovering around 63. This is less than last month’s market action index of 64. 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. Inventory has increased to...

Q4 Market Insights

Los Angeles Quarterly Market Insights Report (Micro): Q4 2020It is our pleasure to bring you the Compass 2020 Q4 Real Estate Market Report. As 2020 ended Los Angeles experienced strong home sales with prices trending upwards. Despite another regional stay-at-home order in early December, buyers remained active making above-asking price offers for move-in ready properties. Inventory constraints continued as sellers reluctant to list their homes due to COVID remained on the sidelines.Home sales in the desirable Coastal Communities increased 33 percent in the fourth quarter compared to last year. Overall year-over-year home prices rose 17 percent to $2,447,879. Well-heeled buyers chose single-family homes in Malibu to both stay at home and work from home. As a result, Malibu home prices increased 53 percent year-over-year to $4.6 million.The Hills, with an average fourth-quarter home price of $4 million, experienced a 17 percent home price decline compared to last year. Bel Air and Holmby Hills saw single-family home prices fall 44 percent offering rarely seen buying opportunities.West San Fernando Valley benefitted from the urban to suburban flight of millennials with families. Home sales increased 32 percent over last year’s fourth quarter. A 13 percent price increase in West San Fernando Valley brought the average home price to $1.3 million. In Woodland Hills, buyers moved fast reducing days on market by 56 percent. East San Fernando Valley followed suit with a 27 percent increase in fourth quarter home sales. Studio City’s eager buyers pushed home sales up 47 percent year-over-year. Northeast Los Angeles, noted for relative affordability, saw home prices rise 29 percent to $824,429. Moving into 2021, look to more sellers...

Moving up during Coronavirus

Does it make sense to move up during a soft market? Maybe. Given the characteristics of our low inventory, high demand market climate over the past several years smart investors will find opportunity when others are cautious.  This 2-minute presentation will provide food for thought.  Let’s have a strategy...