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Market Report for Altadena and Pasadena | February 7

Market Report for Altadena and Pasadena | February 7

by | Feb 7, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 02/07. Altadena This week the median list price for Altadena, CA 91001 is $1,169,500 with the market action index hovering around 76. This is an increase over last month’s market action index of 71. Inventory has increased to 22. 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. Detailed Altadena market report. Pasadena This week the median list price for Pasadena, CA 91101 is $1,100,000 with the market action index hovering around 38. This is less than last month’s market action index of 45. Inventory has held steady at or around 1. The market has started cooling and prices have recently plateaued. 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. Detailed Pasadena market...

Market Report for Altadena and Pasadena | January 31

by | Jan 31, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 01/31. Altadena This week the median list price for Altadena, CA 91001 is $1,100,000 with the market action index hovering around 76. This is an increase over last month’s market action index of 71. Inventory has increased to 23. While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist. 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 40. This is less than last month’s market action index of 49. Inventory has held steady at or around 1. The market has started cooling and prices have recently plateaued. 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...

Market Report for Altadena and Pasadena | January 24

by | Jan 24, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 01/24. Altadena This week the median list price for Altadena, CA 91001 is $1,195,000 with the market action index hovering around 73. This is an increase over last month’s market action index of 70. Inventory has decreased to 24. While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist. 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 43. This is less than last month’s market action index of 49. Inventory has held steady at or around 1. Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone. Click here for a detailed...

Market Report for Altadena and Pasadena | January 18

by | Jan 18, 2022 | Market

Here is a Market Report for Altadena and Pasadena for the week of 01/18. Altadena This week the median list price for Altadena, CA 91001 is $1,250,000 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 23. 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 45. This is less than last month’s market action index of 49. Inventory has decreased to 1. The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory. Click here for a detailed report. Los Angeles County  Click here for a detailed...

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...