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Altadena California Real Estate Market Update – August 2008Altadena California Real Estate Market Update – August 2008Altadena real estate market has shown a decreased number of available homes for sale from May 2008 to August 2008. This decrease is due to the pick up of home sales in the summer months, although looking at the number of homes that went under contract in August, it’s clear that the summer rush is over. The average price of an Altadena home has been declining steadily with August ending at $640,167. Price per square foot of homes sold in Altadena has also decreased month after month to $345. Altadena homes sold in August 2008 on average at 96.49% to their adjusted asking price. I say adjusted because more than half of the Altadena homes sold in August had price reduction prior to getting buyer bids and finalizing the sale. Atadena condos and townhomes are almost non-existent since Altadena mainly has single family homes.
Data taken from ITEC (Pasadena Foothills Association MLS service) HOMES FOR SALE IN ALTADENA (Single Family Residences)SEARCH CONDOS AND TOWNHOMES FOR SALE IN ALTADENARelated Posts:Posted on September 24th, 2008
Posted in Altadena, Real Estate Market Reports
Posted by: Irina Netchaev
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