Your Real Estate Market Update

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Thu Feb 21 2019
This week the median list price for Pasadena, CA is $1,127,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 194. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Pasadena, CA

Thu Feb 21 2019
This week the median list price for Pasadena, CA is $1,127,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 194. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,127,000
Per Square Foot $609
Days on Market 97
Price Decreased 36%
Price Increased 2%
Relisted 12%
Inventory 194
Median House Rent $3,050
Most Expensive $19,500,000
Least Expensive $560,000
Market Action Index
Slight Seller's Advantage
36

The market has been on a downward trend recently 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
$2,989,900 4,045 0.5 - 1 acre 5 3 67 1 1 155
$1,497,000 2,349 0.25 - 0.5 acre 3 2 72 3 9 95
$988,000 1,741 6,500 - 8,000 sqft 3 1 86 9 3 69
$699,000 1,216 6,500 - 8,000 sqft 3 1 94 3 6 71