Doug Colliflower's Market Report

Altadena, CA

Single-Family Homes

626-524-4158 | doug@bhhsgolden.com | www.dougcolliflower.com



Altadena, CA

Sat Jul 11 2020
This week the median list price for Altadena, CA is $1,247,000 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 38. Click here to stay informed with the Altadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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

Sat Jul 11 2020
This week the median list price for Altadena, CA is $1,247,000 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 38. Click here to stay informed with the Altadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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.

Real-Time Market Profile

Never miss important changes in the Altadena market.
Median List Price $1,247,000
Per Square Foot $572
Days on Market 59
Price Decreased 39%
Price Increased 3%
Relisted 5%
Inventory 38
Median Rent $3,800
Most Expensive $4,888,000
Least Expensive $575,999
Market Action 54
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,995,000 3,934 0.5 - 1 acre 5 5 64 3 1 51
$1,499,000 3,311 8,000 - 10,000 sqft 5 5 23 0 2 42
$899,475 1,778 6,500 - 8,000 sqft 3 2 76 4 6 75
$729,950 1,056 6,500 - 8,000 sqft 3 1 93 2 4 62