Your Real Estate Market Update

Pasadena, CA

Single-Family Homes

Arminé Ghevian ♦ 818-389-4465 ♦ DRE: 00945233



Pasadena, CA

Fri Dec 14 2018
This week the median list price for Pasadena, CA is $1,249,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 179. Click here to stay informed with the Pasadena market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Pasadena, CA

Fri Dec 14 2018
This week the median list price for Pasadena, CA is $1,249,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 179. Click here to stay informed with the Pasadena market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,249,000
Per Square Foot $618
Days on Market 104
Price Decreased 39%
Price Increased 2%
Relisted 15%
Inventory 179
Median House Rent $3,000
Most Expensive $28,000,000
Least Expensive $459,999
Market Action Index
Slight Seller's Advantage
40

The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$3,345,444 4,592 0.5 - 1 acre 5 4 70 2 3 164
$1,768,000 2,900 0.25 - 0.5 acre 4 2 67 1 5 119
$998,000 2,030 8,000 - 10,000 sqft 3 1 95 6 8 67
$740,000 1,186 6,500 - 8,000 sqft 3 1 93 4 6 66