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August 5 2022 Market Report

August 5 2022 Market Report

Pasadena, CA Fri Aug 05 2022 This week the median list price for Pasadena, CA is $1,499,500 with the market action index hovering around 53. This is less than last month’s market action index of 59. Inventory has increased to 136. The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. Altadena, CA Fri Aug 05 2022 This week the median list price for Altadena, CA 91001 is $1,174,000 with the market action index hovering around 77. This is less than last month’s market action index of 83. Inventory has decreased to 32. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in market action index (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...

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...

Pasadena Micro Market Q4 (2021) Report

Pasadena Quarterly Market Insights Report (Micro): Q4 2021 Home sales in greater Pasadena trended down with a 2 percent decline while the average sales price increased by 8 percent to $1.2 million. South Pasadena single-family home sales activity rebounded form last year’s fourth quarter, increasing 28 percent while condo prices there increased 36 percent. Desirable San Marino saw a 40 percent increase in year-over-year single family homes sales activity. The average sales price for that single-family in San Marino rose to $2.7 million.   Number of Sales Average Sold  Price Days on Market TYPE 2020 2021 %CHANGE 2020 2021 %CHANGE 2020 2021 %CHANGE Alhambra SFR  CONDO 57 52 55 41 -3.5% -21.15% $818k $595k $927k $649k 13.4% 9% 26 42 33 35 26.9% -16.7% Altadena SFR  CONDO 92 0 92 0 0% N/A $1.18m 0 $1.26m 0 7.4% N/A 30 0 21 0 -30% N/A Pasadena SFR  CONDO 264 177 227 166 -14% -6% $1.56m $717k $1.7m $869k 10.5% 21.2% 35 40 31 31 -11.4% -22.5% San Gabriel SFR  CONDO 60 20 72 31 20% 55% $980k $618k $1.13m $831k 15.6% 34.4% 20 30 24 30 20% 0% San Marino SFR  CONDO 30 0 42 0 40% N/A $2.66m 0 $2.75m 0 3.4% N/A 60 0 50 0 -16.7% N/A South Pasadena SFR  CONDO 29 14 37 19 28% 36% $1.84m $887k $1.74m $959k -5.6% 8.2% 24 19 27 18 12.5% -5.3% *Numbers are rounded *Extracted from Compass California Blog. Click here for the original...

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 | August 11

Here is a Market Report for Altadena and Pasadena for the week of 8/11. Altadena This week the median list price for Altadena, CA 91001 is $1,048,000 with the market action index hovering around 77. This is less than last month’s market action index of 78. Inventory has increased to 33. The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $1,590,000 with the market action index hovering around 18. This is about the same as last month’s market action index of 18. Inventory has held steady at or around 1. The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes. Click here to view a detailed...