Tue Oct 20 2020
This week the median list price for Pasadena, CA is $1,599,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 145.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,599,000|
|Per Square Foot||$651|
|Days on Market||83|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,364,995||6,274||0.5 - 1 acre||5||7||64||2||2||130|
|$1,924,500||2,889||0.25 - 0.5 acre||4||3||81||5||2||96|
|$1,350,000||2,289||8,000 - 10,000 sqft||4||3||75||7||8||54|
|$838,000||1,384||6,500 - 8,000 sqft||3||2||90||12||11||52|