by Kathy Gibson | Aug 29, 2022 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Aug 29 2022 This week the median list price for Pasadena, CA is $1,449,500 with the market action index hovering around 53. This is less than last month’s market action index of 54. Inventory has decreased to 120. In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the market action index before price stability is achieved. Altadena, CA 91001 Mon Aug 29 2022 This week the median list price for Altadena, CA 91001 is $1,199,000 with the market action index hovering around 69. This is less than last month’s market action index of 74. Inventory has increased to 39. 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...
by Kathy Gibson | Mar 23, 2022 | Buying, Market, Neighborhood, Selling
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...
by Kathy Gibson | Aug 4, 2021 | Market
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...
by Kathy Gibson | Jul 28, 2021 | Market
Here is a Market Report for Altadena and Pasadena for the week of 7/28. Altadena This week the median list price for Altadena, CA 91001 is $1,099,000 with the market action index hovering around 75. This is less than last month’s market action index of 77. Inventory has decreased to 29. The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 to view a detailed report. Pasadena This week the median list price for Pasadena, CA 91106 is $2,348,800 with the market action index hovering around 47. This is less than last month’s market action index of 49. Inventory has increased to 23. Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. Click here to view a detailed...