Here is a Market Report for Altadena and Pasadena for the week of 10/05.
Altadena
- This week the median list price for Altadena, CA 91001 is $1,149,500 with the market action index hovering around 81. This is an increase over last month’s market action index of 80. Inventory has decreased to 26.
- 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 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
- The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.
- Click here to view a detailed report.