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San Marino Real Estate Market Statistics for October 2008

San Marino Real Estate Market Statistics for October 2008

San Marino California’s real estate inventory remains pretty stable for October. The number of new homes listed for sale remains at 12 with no change from August and the overall number of available homes is still in the low 30s.

On average, it is taking a little over a month to market and sell a home in San Marino and the homes are still selling in the mid $1 million dollar range.

San Marino homes that sold in October sold on average OVER their asking price at 102.43%. The average home sold was 2,868 sq. ft. and had 4 bedrooms and 3 baths.

Read the full article with detailed statistics for San Marino real estate by clicking here – San Marino real estate market housing report and statistics for 2008

 

In the meantime, here’s a live feed of all San Marino homes for sale in California for your review:

 

 

For additional information on San Marino housing and real estate market conditions or a confidential consultation to see how your San Marino home is fairing in the market, please call Irina at 626-627-7107.

 

Posted on November 23rd, 2008
Posted by: Irina Netchaev

1 Comment »

Pasadena Property, Real Estate Market Update and Housing Report – October 2008

Pasadena Property, Real Estate Market Update and Housing Report – October 2008

Pasadena’s real estate inventory of homes has decreased in October to 127 units overall – inclusive of single family residences, condos and townhomes.  It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from.  The sales have closed strongly in October at 117 units.  Next month, we will see a marked decrease in this number as evidenced by the decline in the Pasadena home buyers going into escrow in October.

This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports.  Median home sales prices provide a more accurate picture since the median signifies that 50% of Pasadena homes sold for more and 50% of these homes sold for less.  Hope that you will find it useful.

Market Action Indicator for Pasadena’s real estate is currently in the buyer’s zone though not strongly so.  The 90-day Market Action Index stands this week at 22 so buyers should expect find reasonable levels of selection.  Inventory levels have been relatively consistent relative to sales.  Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher.  Given inventory levels, these price conditions are relatively fragile.  If the market cools off further, the price trend is likely to reverse.

 

Pasadena Real Estate Market Action Index October 2008

The highest sold home in Pasadena for October was at 485 South Grand Avenue, a 4 bedroom/4 bath luxury estate with 6,000 sq. ft. on a 24,345 sq. ft. lot which sold for $4,300,000 at 95.56% of its asking price.

The lowest sold home in Pasadena for October was 476 East Mountain Street, a 1 bedroom and 1 bath with 624 sq. ft of a 2,580 sq. ft. lot whcihc sold for $233,000.  This home sold over its original asking price of $226,900.

Overall, October’s single family residences sold at 95.20% of their asking price.

 

Housing Market Statistics for Pasadena California for August 2008 through October 2008:

Single
Family Residence
Aug-08 Sep-08 Oct-08
New
Listings
80 78 72
Total
Listings
325 341 303
Sales
Pending
43 95 61
Homes Sold 69 59 71
Listings
Expired
36 59 54
Average Days
on the Market
133 115 141
Average
Price Per Sq. Ft.
$407 $396 $411
Average
Selling Price
$923,986 $751,228 $811,092
Median
Selling Price
$657,000 $655,000 $620,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
20.4 25.0 18.5
Condos Aug-08 Sep-08 Oct-08
New
Listings
31 46 43
Total
Listings
136 156 165
Sales
Pending
9 38 26
Homes Sold 27 21 31
Listings
Expired
22 35 16
Average Days
on the Market
115 121 135
Average
Price Per Sq. Ft.
$397 $445 $401
Average
Selling Price
$515,896 $459,540 $442,758
Median
Selling Price
$399,500 $350,000 $415,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
21.8 32.2 23.1
Townhomes Aug-08 Sep-08 Oct-08
New
Listings
11 16 12
Total
Listings
57 69 68
Sales
Pending
6 18 3
Homes Sold 13 15 15
Listings
Expired
4 12 10
Average Days
on the Market
111 130 72
Average
Price Per Sq. Ft.
$385 $358 $347
 Average
Selling Price
 $
597,477
 $
512,933
 $
544,820
Median
Selling Price
 $
539,000
 $
500,000
 $
519,900
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
19.0 19.9 19.6

Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).

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PASADENA CA HOMES FOR SALE (Single Family Residences – SFR)

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PASADENA CONDOS AND TOWNHOMES FOR SALE

 

Interested in more information about Pasadena and surrounding cities, check out our City Guides below:

Alhambra City Guide

Altadena City Guide

Arcadia City Guide

Eagle Rock City Guide

Monterey Hills City Guide

Pasadena City Guide

San Gabriel City Guide

San Marino City Guide

Sierra Madre City Guide

South Pasadena City Guide

And, if you are interested in fun activities to do in Pasadena, take a look at our 365 Things To Do in Pasadena® page.


Thinking of selling your Pasadena area home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Pasadena Real Estate Market.

 

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Posted on November 23rd, 2008
Posted by: Irina Netchaev

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Altadena Real Estate Market Report and Housing Update – October 2008

Altadena Real Estate Market Report and Housing Update – October 2008

Altadena real estate is still seeing an increase in home listings.  Inventory is increasing, prices are going down and sales will be decreasing in the next couple of months.  Take a look at the number of Altadena homes with accepted offers (sales pending) and you will see a significant decrease from 37 in June to 22 in October. 

Starting with October 2008, I will be able to include the Median Sales Price which will help us in tracking the real estate market a bit more effectively.

In the meantime, Altadena is still in a very strong buyer’s market.

Condos and townhomes in Altadena are still almost nowhere to be found, but for the persistent few who want to buy an Altadena condo there are a couple available for sale.

If you are looking for Altadena foreclosures, here’s a list of all Altadena homes that are bank owned and foreclosed.

Altadena Real Estate Market Statistics for October 2008 with comparison to June and September:

Single Family Residence Jun-08 Sep-08 Oct-08
New Listings 36 30 37
Total Listings 137 108 121
Sales Pending 37 33 22
Homes Sold  31 30 30
Listings Expired 13 21 11
Average Days on the Market  116 139 129
Average Price Per Sq. Ft. $378 $360 $321
Average Median Price     $460,000
Average Selling Price $745,097 $553,587 $528,987
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 19.2 15.6 17.5
       
Condos and Townhomes Jun-08 Sep-08 Oct-08
New Listings 1 0 2
Total Listings 4 0 2
Sales Pending 0 0 1
Homes Sold  1 0 0
Listings Expired 1 1 1
Average Days on the Market  12 n/a n/a
Average Price Per Sq. Ft. $431 n/a n/a
Average Median Price   n/a n/a
Average Selling Price $535,000 n/a n/a

 Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

SEARCH HOMES FOR SALE IN ALTADENA (Single Family Residences)

SEARCH ALTADENA CONDOS AND TOWNHOMES FOR SALE

Real estate market activity with real time updated data can be found on Pasadena California Real Estate Blog’s How is the Real estate Market tab.  These real estate housing reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Real Estate Agent.

Posted on November 17th, 2008
Posted by: Irina Netchaev

1 Comment »

Is it a Buyer's Market or a Seller's Market? Market Action Indicator may offer help.

Is it a Buyer's Market or a Seller's Market? Market Action Indicator may offer help.

I’ve been posting monthly real estate market report updates on this site for cities around Pasadena. One of the key real estate indicators that I refer to is the Market Action Index or MAI.

What is the Market Action Index ? And, why does the Market Action Indicator matter?

Residential house prices are a function of supply and demand, and market MARKET ACTION INDEX conditions can be characterized by analyzing those factors.

My research company, Altos Research uses an algorithm to divide a Buyer’s Market from a Seller’s Market. The red line at 30 is that line.

For example in the graph below for Pasadena’s real estate market, it has been a COLD, BUYER’S MARKET since end of 2007 with the MAI hovering quite a bit under the balanced market of 30, closer to 15. Now, this graph is for the entire Pasadena real estate market. Each zip code within the city has a different MAI.

Pasadena CA Market Price Housing Index

Come back to this site to watch this index for sustained changes: if the index falls into the Buyer’s Market zone for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory.

An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly gobble up available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.

If you are interested in receiving a weekly real estate market reports with the Market Price Index, you can request Market Real Estate Report here and it will be emailed to you automatically each Monday. This is a report that I order specifically for the readers of my website from Altos Research who specializes specifically in real estate housing market activity throughout the country.

I currently offer real estate market reports for Pasadena, Alhambra, San Marino, South Pasadena, Monterey Hills (under Los Angeles 90042), Arcadia, Altadena, San Gabriel and more.

If you have additional questions about the state of the Pasadena housing market, please call me at 626-627-7107 .

Irina :-)

Posted on October 29th, 2008
Posted by: Irina Netchaev

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Arcadia Real Estate Market and Housing Report – September 2008

Arcadia Real Estate Market and Housing Report – September 2008

This Arcadia real estate market report is a few weeks overdue. My apologies for the delay, but I was struck down with the worst flu that I ever remember having. Oh well… it’s over and done with. I hope at least. :-)

Single Family Home sales in Arcadia remained at 31 closed escrows just like in August, down from the high of 50 home sales in July. Inventory increased a bit to 129 listings, but essentially remained flat if you look at the last five months of data. Arcadia homes are selling at 96.33% of asking price in September, with 9 out of the 31 selling at or over asking.

Arcadia condos have seen an increase in sales in September, but the inventory remains pretty stable. If the rate of sales will hold and inventory remains the same, it’ll take approximately 10 weeks to move the existing inventory. Arcadia home sellers are still overpricing their condos and are listing them on average at $317 per square foot. The sold price per square foot has fallen under $300.

 

Arcadia townhomes had an increase in inventory mainly due to a new complex that hit the market in early September at 1016 – 1020 West Huntington Drive. These townhomes were built in 2007 and are selling in the low $800,000 range. Again, listing price per square foot ($347) on most of the townhome listings is way higher than the actual sold price per square foot ($293) in September. Arcadia townhome sellers need to track the real estate trends a bit closer or they will end up sitting on these homes for a long time and then reducing home prices more significantly to bring in a buyer. The absorption rate increase speaks clearly to the overabundance of townhome listings vs. buyers.

 

Also Read: Arcadia Real Estate Market Trends for August 2008

 

Arcadia Real Estate Market Statistics for September 2008:

 

 

Single
Family Residence
May-08 Jun-08 Jul-08 Aug-08 Sep-08
New
Listings
77 46 48 31 42
Total
Listings
156 157 132 106 129
Sales
Pending
20 48 22 16 22
Homes Sold 27 30 50 31 31
Listings
Expired
23 16 28 19 26
Average Days
on the Market
80 193 93 188 56
Average
Price Per Sq. Ft.
$420 $414 $431 $416 $427
Average
Selling Price
$972,274 $991,057 $917,052 $1,007,310 $951,542
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
25.0 22.7 11.4 14.8 18.0
           
Condos May-08 Jun-08 Jul-08 Aug-08 Sep-08
New
Listings
6 5 8 4 7
Total
Listings
18 20 20 17 19
Sales
Pending
4 3 2 3 3
Condos Sold 3 5 7 5 8
Listings
Expired
6 1 2 2 9
Average Days
on the Market
153 98 74 153 138
Average
Price per Sq. Ft.
$299 $343 $315 $303 $292
Average
Selling Price
$503,296 $559,300 $475,357 $456,800 $502,350
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
26.0 17.3 12.4 14.7 10.3
           
Townhomes May-08 Jun-08 Jul-08 Aug-08 Sep-08
New
Listings
10 16 16 6 15
Total
Listings
33 34 35 20 32
Sales
Pending
8 14 6 1 8
Townhomes Sold 15 6 18 7 7
Listings
Expired
2 8 7 11 5
Average Days
on the Market
111 80 86 83 55
Average
Price Per Sq. Ft.
$329 $353 $316 $349 $293
Average
Selling Price
$579,700 $579,333 $553,111 $603,571 $581,698
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
9.5 24.6 8.4 12.4 19.8

 

 

Data taken from ITEC (Pasadena Foothills Association MLS service)

SEARCH
ARCADIA HOMES FOR SALE (Single Family Residence)

SEARCH
ARCADIA CONDOS AND TOWNHOMES FOR SALE

 

 

For weekly updates on Arcadia
real estate market activity
, please feel free to request market
analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted on October 29th, 2008
Posted by: Irina Netchaev

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Sierra Madre Real Estate and Housing Market Report – September 2008

Sierra Madre Real Estate and Housing Market Report – September 2008

Sierra Madre’s real estate statistics for the month of September are below.  In September, only 9 homes closed escrow in Sierra Madre.  That’s a significant drop from August.  At the same time, the number of new Sierra Madre homes on the market remain pretty constant.  Steady listing numbrs and lower Sierra Madre home sales result in a significantly higher absorption rate.  It will take 19.3 weeks to sell the existing Sierra Madre inventory if no additional homes come up on the market and if the rate of sales remains the same.

Looking over the September listing inventory for Sierra Madre shows that home sellers are still signifcantly over pricing their homes.  On average, sellers are asking $463 per square foot.  While buyers were willing to pay only $417 in September.

The lowest priced Sierra Madre home is $360,000 at 261 Grove Street.

The highest priced Sierra Madre home is $1,999,999 at 380 N. Lima Street.

There are five available Sierra Madre condos and townhomes for sale.  The rate of sales for the last two months have been at two sales each month.

See: Sierra Madre Real Estate Market Report for August

Sierra Madre Real Estate Market statistics for September 2008:

 

Single Family Residence Aug-08 Sep-08
New Listings 8 7
Total Listings 37 40
Sales Pending 3 5
Homes Sold  15 9
Listings Expired 3 6
Average Days on the Market  123 91
Average Price Per Sq. Ft. $435 $417
Average Selling Price $707,000 $739,667
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.7 19.3
     
Condos and Townhomes Aug-08 Sep-08
New Listings 0 1
Total Listings 3 5
Sales Pending 1 0
Homes Sold  2 2
Listings Expired 3 0
Average Days on the Market  163 122
Average Price Per Sq. Ft. $340 $336
Average Selling Price $562,000 $405,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 6.5 10.8

 Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

For weekly updates on the real estate market activity, please feel free to request market analysis reports with detailed information by clicking on How’s the Market page on this Pasadena real estate blog.  These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Monterey Hills Real Estate Agent   626-627-7107   

 

SEARCH SIERRA MADRE HOMES FOR SALE

SEARCH SIERRA MADRE CONDOS AND TOWNHOMES FOR SALE

Posted on October 23rd, 2008
Posted by: Irina Netchaev

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San Gabriel Real Estate and Housing Market Report – September 2008

San Gabriel Real Estate and Housing Market Report – September 2008

San Gabriel single family home inventory is on the rise.  In September 88 homes were on the San Gabriel market compared to 68 in August.  The average days on the market has decreased to 70, but the absorption rate increased to 4.5 months (18.2 weeks) mainly due to increased inventory compared to the stagnant number of homes sold. 

The homes that were sold last month ended up closing escrow at 97.44% of asking price and were on average 1,521 sq. ft.  Most homes were 2 to 3 bedrooms with 2 baths.

The lowest priced home listing in San Gabriel is at 322 E. Angeleno Avenue – offered at $259,000 (reduced from the original price of $305,000)

The highest priced home listing in San Gabriel is at 616 S. Ramona Street – offered at $2,195,000.  This San Gabriel estate has been on the market for over two years now.  Price remains the same.

If you look at the San Gabriel statistics below, you’ll notice that there was an increased number of San Gabriel townhomes that went under contract or pending.  This is due to a newly built development at 128 E. Broadway.  5 out of 7 pending townhome sales were in that complex and were all priced between $538,000 to $548,000.  Even though these townhomes were a bit on the high end of the price per square foot spectrum, buyers seemed to have jumped on them and were willing to pay a premium for living in a newly constructed complex.

The new development at 153 Junipero Serra Drive didn’t do as well as the one on Broadway.  3 of the townhomes have expired and were removed from the market.  Developer is probably reviewing the pricing prior to relisting them for sale.

Lots, and I mean, LOTS of condos came up on the market in San Gabriel.  12 new listings compared to only 1 in August.  Yikes!  this increased the absorption rate to 78 weeks.  The sales remain minimal at one a month.  Interesting phenomenom is occuring.  Condos are priced higher per square foot ($349.08) than townhomes ($315.18) in San Gabriel.  San Gabriel condo sellers and their real estate agents need to get more realistic or they will just be wasting their time and efforts.

San Gabriel Real Estate Market Statistics for July 2008 through September 2008:

Single Family Residence Jun-08 Jul-08 Aug-08 Sep-08
New Listings 18 15 23 29
Total Listings 91 68 68 88
Sales Pending 13 22 9 13
Homes Sold  24 22 22 21
Listings Expired 9 12 7 20
Average Days on the Market  98 79 95 70
Average Price Per Sq. Ft. $358 $354 $394 $380
Average Selling Price $580,783 $595,932 $660,745 $546,329
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 16.4 13.4 13.4 18.2
         
Condos Jun-08 Jul-08 Aug-08 Sep-08
New Listings 6 5 1 12
Total Listings 21 11 7 18
Sales Pending 0 1 1 0
Condos Sold  1 3 0 1
Listings Expired 1 2 5 6
Average Days on the Market  54 301 n/a 63
Average Price Per Sq. Ft. $325 $341 n/a $408
Average Selling Price $588,000 $438,667 n/a $368,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 91.0 15.9 10.1 78.0
         
Townhomes Jun-08 Jul-08 Aug-08 Sep-08
New Listings 3 1 9 7
Total Listings 14 7 12 13
Sales Pending 1 1 1 8
Townhomes Sold  0 1 1 2
Listings Expired 5 4 7 7
Average Days on the Market  n/a 20 244 114
Average Price Per Sq. Ft. n/a $269 $290 $270
Average Selling Price n/a $355,000 $439,500 $384,250
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 60.7 30.3 52.0 28.2

 

 

Data taken from ITEC (Pasadena Foothills Association MLS service)

SEARCH SAN GABRIEL HOMES FOR SALE (Single Family Residences)

SEARCH SAN GABRIEL CONDOS AND TOWNHOMES FOR SALE

For weekly updates on San Gabriel real estate market activity, please feel free to request market analysis reports with detailed information at How is the Market button on this site.  These real-time real estatemarket reports are gathered and updated by Altos Research and will be emailed to you weekly with my compliments.

Posted by Irina Netchaev, Real Estate Agent

Posted on October 10th, 2008
Posted by: Irina Netchaev

No Comments »

Monterey Hills Condos and Townhomes Real Estate Market Report September 2008

Monterey Hills Condos and Townhomes Real Estate Market Report September 2008

So what’s going on in Monterey Hills real estate market?  I find it very curious that in the month of Septmeber no townhomes came on the market in Monterey Hills.  New listings of Monterey Hills condos always remained at its lowest at only 2 condos that were listed. 

Inventory, overall, is trending down each month from June to September with the sales at the all time low as well.  Even with the lower unit volume of available condos, we are still looking at 26 week absorption rate.  This means that if only 2 units continue to sell monthly at today’s inventory levels, it will take sellers an average of 26 weeks to sell the existing inventory of 12 listings.  Price per square foot ended at $313 and has been around the $300 range for awhile now.

The lowest priced condo in Monterey Hills is in Chadwick Terrace at 4260 Via Arbolada #204 – $258,000.

The highest priced condo in Monterey Hills is in Drake Terrace at 4141 Via Marisol #415 – $439,000.  In my opinion, this condo is extremely overpriced at $391 a sq. ft.  

Monterey Hills Real Estate Market Report – Juen 2008 through September 2008:

Condos Jun-08 Jul-08 Aug-08 Sep-08
New Listings 5 8 2 2
Total Listings 24 16 14 12
Sales Pending 4 3 2 3
Homes Sold  4 5 2 2
Listings Expired 2 8 7 3
Average Days on the Market  136 79 77 108
Average Price Per Sq. Ft. $297 $302 $295 $313
Average Selling Price $304,520 $344,578 $344,450 $394,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 26.0 13.9 30.3 26.0
         
Townhomes Jun-08 Jul-08 Aug-08 Sep-08
New Listings 0 1 2 0
Total Listings 4 2 4 0
Sales Pending 1 2 0 3
Homes Sold  1 2 1 3
Listings Expired 0 0 2 0
Average Days on the Market  154 98 122 57
Average Price Per Sq. Ft. $401 $302 $401 $307
Average Selling Price $655,000 $465,500 $655,000 $425,667
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 17.3 4.3 17.3 0.0

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a Monterey Hills condominium or townhouse, please click on the search home link.

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here.  These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Monterey Hills Real Estate Agent  626-627-7107  

Posted on October 8th, 2008
Posted by: Irina Netchaev

No Comments »

National Economy Comparison 2000 vs. 2008

National Economy Comparison 2000 vs. 2008

I found this Chicago Tribune economy comparison at Pat Kitano’s blog.  Pat has one of the most insightful real estate/economy and social media blogs on the web today.  I read it daily and recommend that you subscribe to his blog in your google reader as well. 

As I review this, the outlook for our country is not very favorable.  Median household income is lower than 8 years ago, defense spending is up 79.3% at 545 billion dollars, we have managed to spend 643 billion dollars over the last 8 years (remember the approved financial bail out package is 700 billion dollars), and gas prices are through the roof.  How about congress considers getting out of a hopeless war and paying more attention to the health and stability of their own country. 

What do you think?

Economy comparison by Chicago Tribune

Posted on October 7th, 2008
Posted by: Irina Netchaev

No Comments »

Altadena Real Estate Market and Housing Report for September 2008

Altadena Real Estate Market and Housing Report for September 2008

So, what’s going on with Altadena?  Inventory is increasing and prices are going down.  We are in a very strong buyer’s market in Altadena.  The number of homes under contract has increased which will help the situation if home buyers will be able to get financing and close escrows.  Price per square foot of sold homes has increased although the overall Altadena home price has increasedHome buyers are careful with how much they are willing to pay and are buying smaller homes.

Condos and townhomes in Altadena are non-existent at the moment. 

Altadena Real Estate Market Statistics for June through September 2008:

Single Family Residence Jun-08 Jul-08 Aug-08 Sep-08
New Listings 36 21 27 30
Total Listings 137 132 89 108
Sales Pending 37 39 13 33
Homes Sold  31 32 31 30
Listings Expired 13 13 18 21
Average Days on the Market  116 139 92 139
Average Price Per Sq. Ft. $378 $382 $345 $360
Average Selling Price $745,097 $690,833 $640,167 $553,587
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 19.2 17.9 12.4 15.6
         
Condos and Townhomes Jun-08 Jul-08 Aug-08 Sep-08
New Listings 1 2 0 0
Total Listings 4 4 1 0
Sales Pending 0 0 0 0
Homes Sold  1 0 0 0
Listings Expired 1 0 2 1
Average Days on the Market  12 n/a n/a n/a
Average Price Per Sq. Ft. $431 n/a n/a n/a
Average Selling Price $535,000 n/a n/a n/a

Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

SEARCH HOMES FOR SALE IN ALTADENA (Single Family Residences)

SEARCH ALTADENA CONDOS AND TOWNHOMES FOR SALE

Real estate market activity with real time updated data can be found on Pasadena California Real Estate Blog’s How is the Real estate Market tab.  These real estate housing reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Real Estate Agent.

Posted on October 6th, 2008
Posted by: Irina Netchaev

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