by Kathy Gibson | Mar 13, 2023 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Mar 13 2023 This week the median list price for Pasadena, CA is $1,594,000 with the market action index hovering around 47. This is an increase over last month’s market action index of 45. Inventory has increased to 94. 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. Glendale, CA Mon Mar 13 2023 This week the median list price for Glendale, CA is $1,439,500 with the market action index hovering around 55. This is an increase over last month’s market action index of 47. Inventory has decreased to 34. 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....
by Kathy Gibson | Nov 28, 2022 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Mon Nov 28 2022 This week the median list price for Pasadena, CA is $1,498,000 with the market action index (MAI) hovering around 44. This is less than last month’s market action index of 48. Inventory has increased to 135. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 prices. Altadena, CA 91001 Mon Nov 28 2022 This week the median list price for Altadena, CA 91001 is $1,325,000 with the market action index hovering around 53. This is less than last month’s market action index of 55. Inventory has decreased to 31. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 | Nov 14, 2022 | Buying, Market, Open House, Selling
Pasadena, CA Mon Nov 14 2022 This week the median list price for Pasadena, CA is $1,650,000 with the market action index hovering around 46. This is less than last month’s market action index (MAI) of 50. Inventory has increased to 131. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 prices. Altadena, CA 91001 Mon Nov 14 2022 This week the median list price for Altadena, CA 91001 is $1,299,500 with the market action index hovering around 57. This is less than last month’s market action index of 58. Inventory has decreased to 31. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in 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 | Nov 7, 2022 | Buying, Market, Selling
Pasadena, CA Mon Nov 07 2022 This week the median list price for Pasadena, CA is $1,650,000 with the market action index (MAI) hovering around 48. This is less than last month’s market action index of 50. Inventory has increased to 121. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in market action index, 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. La Crescenta, CA Mon Nov 07 2022 This week the median list price for La Crescenta, CA is $1,186,500 with the market action index hovering around 48. This is less than last month’s market action index of 56. Inventory has held steady at or around 34. 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....
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...