by Kathy Gibson | May 30, 2023 | Buying, Market, Neighborhood, Open House, Selling
Pasadena, CA Tue May 30 2023 This week the median list price for a single family home in Pasadena, CA is $1,600,000 with the market action index hovering around 51. This is about the same as last month’s market action index of 51. Inventory has held steady at or around 81. 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 market action index. If the market heats up, prices are likely to resume an upward climb. Monrovia, CA Tue May 30 2023 This week the median list price for a single family home in Monrovia, CA is $1,398,000 with the market action index hovering around 61. This is an increase over last month’s market action index of 60. Inventory has increased to 23. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current...
by Kathy Gibson | May 8, 2023 | Buying, Market, Neighborhood, Open House, Selling, Uncategorized
Pasadena, CA Mon May 08 2023 This week the median list price for Pasadena, CA is $1,649,000 with the market action index hovering around 51. This is an increase over last month’s market action index of 49. Inventory has decreased to 77. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. Altadena, CA Mon May 08 2023 This week the median list price for Altadena, CA is $1,199,000 with the market action index hovering around 58. This is an increase over last month’s market action index of 55. Inventory has increased to 29. 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...
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 | 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 | Jun 29, 2022 | Market, Neighborhood, Selling
Guide to Downsizing...