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.
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
| 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 |