Doug Colliflower's Market Report
Altadena, CA
Single-Family Homes
626-524-4158 | doug@bhhsgolden.com | www.dougcolliflower.com
Altadena, CA
Wed Dec 11 2024
This week the median list price for Altadena, CA is $1,639,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has decreased to 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,639,000 | |
| Median Price of New Listings | $1,587,000 | |
| Per Square Foot | $775 | |
| Average Days on Market | 79 | |
| Median Days on Market | 42 | |
| Price Decreased | 32% | |
| Price Increased | 8% | |
| Relisted | 8% | |
| Inventory | 25 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,236,500 | 3,054 | 8,000 - 10,000 sqft | 4 | 3.8 | 96 | 0 | 3 | 63 |
| $1,868,500 | 2,488 | 8,000 - 10,000 sqft | 5 | 2.5 | 66 | 1 | 0 | 42 |
| $1,362,500 | 1,714 | 6,500 - 8,000 sqft | 3 | 1.5 | 88 | 1 | 0 | 59 |
| $999,000 | 1,358 | 8,000 - 10,000 sqft | 3 | 1 | 75 | 0 | 0 | 21 |