Doug Colliflower's Market Report

Altadena, CA

Single-Family Homes

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



Altadena, CA

Tue Nov 29 2022
This week the median list price for Altadena, CA is $1,325,000 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has decreased to 31. 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

Tue Nov 29 2022
This week the median list price for Altadena, CA is $1,325,000 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has decreased to 31. 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 $1,325,000
Median Price of New Listings $999,000
Per Square Foot $772
Average Days on Market 67
Median Days on Market 56
Price Decreased 32%
Price Increased 3%
Relisted 19%
Inventory 31
Median Rent
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,398,000 3,416 0.5 - 1 acre 4 4 64 1 0 14
$1,499,000 2,021 0.25 - 0.5 acre 3 3 69 0 1 70
$1,224,500 1,528 8,000 - 10,000 sqft 3 2 95 1 2 73
$838,500 1,045 4,500 - 6,500 sqft 2 1 95 3 2 21