by Kathy Gibson | Feb 6, 2023 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Feb 06 2023 This week the median list price for Pasadena, CA is $1,394,750 with the market action index (MAI) hovering around 44. This is an increase over last month’s market action index of 43. Inventory has increased to 88. 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 91001 Mon Feb 06 2023 This week the median list price for Altadena, CA 91001 is $1,307,500 with the market action index (MAI) hovering around 51. This is less than last month’s market action index of 54. Inventory has increased to 24. 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 | Dec 12, 2022 | Buying, Market, Neighborhood, Selling
Pasadena, CA Mon Dec 12 2022 This week the median list price for Pasadena, CA is $1,445,000 with the market action index (MAI) hovering around 43. This is less than last month’s market action index of 45. Inventory has decreased to 125. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in the 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 | Dec 6, 2022 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Tue Dec 06 2022 This week the median list price for Pasadena, CA is $1,580,000 with the market action index (MAI) hovering around 44. This is less than last month’s market action index of 46. Inventory has increased to 125. 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. Monrovia, CA 91016 Tue Dec 06 2022 This week the median list price for Monrovia, CA 91016 is $1,062,000 with the market action index (MAI) hovering around 48. This is an increase over last month’s market action index of 47. Inventory has decreased to 28. 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 13, 2022 | Market, Neighborhood, Selling
Pasadena, CA Tue Sep 13 2022 This week the median list price for Pasadena, CA is $1,435,000 with the market action index hovering around 52. This is less than last month’s market action index of 53. Inventory has held steady at or around 116. 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. La Canada Flintridge, CA 91011 Tue Sep 13 2022 This week the median list price for La Canada Flintridge, CA 91011 is $3,092,000 with the market action index hovering around 49. This is less than last month’s market action index of 61. Inventory has increased to 34. 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...
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...