Tue May 11 2021
This week the median list price for Altadena, CA is $1,043,500 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 34.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,043,500|
|Median Price of New Listings||$1,150,000|
|Per Square Foot||$643|
|Average Days on Market||37|
|Median Days on Market||7|
|Slight Seller's Advantage|
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,372,000||4,020||0.5 - 1 acre||4||5||78||1||1||28|
|$1,150,000||1,828||8,000 - 10,000 sqft||3||2||82||6||3||0|
|$965,000||1,466||6,500 - 8,000 sqft||3||2||91||3||1||7|
|$679,000||970||6,500 - 8,000 sqft||2||1||82||1||2||7|