by Kathy Gibson | Feb 20, 2024 | Buying, Home and Garden, Market, Neighborhood, Selling
In January 2024, California’s real estate market showed promising signs of improvement, with both housing supply and buyer demand on the rise. Although the market may encounter challenges in the upcoming months due to fluctuating mortgage rates, there is optimism surrounding the lending environment for the year. It is anticipated that rates will become more favorable as inflation stabilizes in the second quarter, potentially leading to a surge in sales during the spring homebuying season as pent-up demand is unleashed. Pasadena, CA Tue Feb 20 2024 This week the median list price for a single family home in Pasadena, CA is $1,735,000 with the market action index (MAI) hovering around 51. This is about the same as last month’s market action index of 51. Inventory has held steady at or around 70. 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...
by Kathy Gibson | Sep 26, 2023 | Buying, Market, Neighborhood, Selling
Pasadena, CA Tue Sep 26 2023 This week the median list price for a single family home in Pasadena, CA is $1,495,000 with the market action index hovering around 55. This is about the same as last month’s market action index of 55. Inventory has held steady at or around 91. Market action index (MAI) compares rate of sales vs. inventory. The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb. South Pasadena, CA 91030 Tue Sep 26 2023 This week the median list price for a single family home in South Pasadena, CA 91030 is $1,789,000 with the market action index hovering around 52. This is about the same as last month’s market action index of 52. Inventory has increased to 12. 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....
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...