Inventory for Alhambra single family homes for sale was lower from August to September for both new home listings (18 new Alhambra listings to 14) and overall homes on the market (67 active listings in August to 54 active Alhambra listings in September.) Closed Alhambra sales unfortunately were down drastically in September from the summer high of 21 homes sold in August to only 13 Alhambra homes closing contract in September.
If homes don’t sell as quickly, but the inventory is still pretty much the same, we’re looking at higher absorption rates and lower prices down the road, especiallly moving into the slower fall and winter months. This will create excellent opportunity for cash rich and credit strong buyers and lower profits for sellers.
If you have an Alhambra home for sale or are considering selling your Alhambra home, t is more critical now than ever to track the real estate market trends and not overprice your house. There’s no point in putting your home on the market and listing it in the MLS if you are not serious about selling or if you do not have to sell right now.
The market’s downward trends are shared across both price and value. Consumers are recently placing less value on homes (you can see the recent declines in price per square foot for SFR – single family homes – as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
Alhambra Real Estate Market Statistics and Key Indicators for June 2008 through September 2008:
| Single Family Residence | Jun-08 | Jul-08 | Aug-08 | Sep-08 |
| New Listings | 12 | 21 | 18 | 14 |
| Total Listings | 54 | 61 | 67 | 54 |
| Sales Pending | 14 | 17 | 9 | 12 |
| Homes Sold | 13 | 15 | 21 | 13 |
| Listings Expired | 9 | 8 | 9 | 12 |
| Average Days on the Market | 112 | 62 | 82 | 213 |
| Average Price Per Sq. Ft. | $414 | $350 | $363 | $328 |
| Average Selling Price | $511,692 | $505,133 | $484,967 | $693,241 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 18.0 | 17.6 | 13.8 | 18.0 |
| Condos and Townhomes | Jun-08 | Jul-08 | Aug-08 | Sep-08 |
| New Listings | 14 | 11 | 11 | 10 |
| Total Listings | 45 | 39 | 36 | 37 |
| Sales Pending | 11 | 11 | 10 | 4 |
| Homes Sold | 8 | 12 | 8 | 9 |
| Listings Expired | 7 | 7 | 7 | 10 |
| Average Days on the Market | 66 | 84 | 103 | 40 |
| Average Price Per Sq. Ft. | $280 | $305 | $296 | $316 |
| Average Selling Price | $373,238 | $406,708 | $364,944 | $403,299 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 24.4 | 14.1 | 19.5 | 17.8 |
Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service)
If you would like to search for homes in Alhambra, please visit the free home search here on this real estate website.
For a private consultation about buying or selling your Alhambra home, or if you have other real estate related questions, I’d love to hear from you at 626.629.8439.
Posted by Irina Netchaev, real estate broker
- Fri, 03 Feb 2012 18:48:00 +0000: $699,000 :: 524 North Valencia Street, Alhambra CA, 91801 - Alhambra Homes For Sale
3 beds, 2 full baths
Home size: 1,824 sq ft
Lot Size: 7,797 sq ft
Added: 12/29/11, Last Updated: 02/03/12
Property Type: Single Family, Residential
MLS Number: C11164572
Community: Alhambra
The price of this listing was last reduced on 1/17/2012 by 4%
This home has $150,000 in upgrades. Nothing has been left untouched! Has a new gourmet kitchen, new energy efficient dual pained windows. Plumbing and electrical have been updated. Original hardwood floors and molding have been refurbished in keeping with charm of original home. Baths and closets have also been updated! Must see property!!
Listed with EDWARD HUMMER, KELLER WILLIAMS
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Fri, 03 Feb 2012 16:54:00 +0000: $393,000 :: 831 South Stoneman Avenue #H, Alhambra CA, 91801 - Alhambra Homes For Sale
2 beds, 3 full baths
Home size: 1,623 sq ft
Lot Size: 26,132 sq ft
Added: 01/26/12, Last Updated: 02/03/12
Property Type: Townhouse, Residential
MLS Number: W12011543
Community: Alhambra
Location! Location! Location! Per square feet worthy sweet deal, well-maintained unit in the area! Year Built 1991. End Unit!! Unique and Stylish Townhouse. Rare, Larger size home. Charming South Facing Front Entry. Spacious Living room with decorative fireplace and high ceiling!! Classy Dining area with chandelier. ****Family room may be a bonus room or Third Bedroom, has its own closet.**** Home has Two bedrooms, Two and Three quarter bathrooms, but per assessor's record is Two bedrooms and Three bathrooms. Two beautiful Bedroom Suites come with their own full bathroom. Showy embellished size Master bedroom with walk-in closet, Spa-like-bathtub, shower room and Loft. Nice Patio. Two car attached garage, with One assigned additional Parking. Security system ready. *One of the Sellers is CA Licensee. Close to Park, Schools and Golf course. Exclusive community with security gates. Near San Marino, Pasadena, and South Pasadena. Conveniently located - short drive to Pasadena City College, CSULA, Cal Tech, USC and L.A. Downtown. Association dues include water, trash, fire insurance, earthquake insurance, & some community maintenance.
Listed with ROLLIM CHAN, KO TAI REALTY
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Fri, 03 Feb 2012 16:44:00 +0000: $559,000 :: 423 South 8th Street, Alhambra CA, 91801 - Alhambra Homes For Sale
3 beds, 2 full baths
Home size: 1,968 sq ft
Lot Size: 7,499 sq ft
Added: 02/01/12, Last Updated: 02/03/12
Property Type: Single Family, Residential
MLS Number: W12014443
Community: Alhambra
The property is close to schools, public library, shops and restaurant. Separate front door and back door entrance. Per seller the front house has 3 bedroom and 2 bath ( one bedroom has no permit, one bath might not have permit) Lease for $1,700. Per seller the back house has 2 bedroom and 2 bath plus cooking area ( one bedroom and one bath has no permit) one bedroom lease for $650.00. Buyer is to verify all permits.
Listed with GINA WANG, COLDWELL BANKER/GEORGERLTY/ALH
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Fri, 03 Feb 2012 16:27:00 +0000: $355,000 :: 1827 Vine Street #B, Alhambra CA, 91801 - Alhambra Homes For Sale
2 beds, 3 full baths
Home size: 1,165 sq ft
Lot Size: 9,981 sq ft
Added: 02/02/12, Last Updated: 02/03/12
Property Type: Condominium, Residential
MLS Number: W12015249
Community: Alhambra
LOCATED AT HEART OF CITY OF ALHAMBRA, VERY QUIET GATED COMMUNITY, INTERCOM SYSTEM, 2 BEDROOMS, DEN ON 1ST FLOOR, BRIGHT & AIRY FAMILY ROOM WITH COZY FIREPLACE, 2 CAR ATTACHED GARAGE WITH DIRECT ACCESS, QUIET END UNIT WITH 2 EXTRA PARKING SPACE, PRIVATE PATIO, ONE BLOCK SOUTH FROM PARK, ONE BLOCK NORTH FROM MAIN STREET, CLOSE TO PUBLIC TRANSPORTATION, CLOSE TO COSTCO AND TARGET.
Listed with SHWU-WOEI TSAY, ATM INVEST REALTY
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Fri, 03 Feb 2012 14:09:00 +0000: $518,000 :: 309 South Almansor Street #B, Alhambra CA, 91801 - Alhambra Homes For Sale
4 beds, 2 full, 1 part baths
Home size: 1,894 sq ft
Lot Size: 23,983 sq ft
Added: 01/30/12, Last Updated: 02/03/12
Property Type: Condominium, Residential
MLS Number: A12012999
Community: Alhambra
MUST SEE BEAUTIFUL DETACHED CONDO LIKE PUD.FIRST TIME ON MARKET. 4 BEDROOMS AND 2 1/2 BATH, 3 CAR GARAGE .LIVING SQFT IS 1894 SQFT. ONLY 10 YRS OLD BUILDING.MAINTAIN VERY GOOD.NEW FLOOR ;NEW KITCHEN STAINLESS APPLIANCE;2 STORY HIGH CEILING OPEN TO 2ND FLOOR LIVING ROOM. KITCHEN COUNTER TOP ALL GRANITE.CENTRAL AIR AND HEATING SYSTEM . TOTAL IS 6 UNITS IN THE COMMUNITY AND NEVER BEEN ON MARKET. AFFORDABLE HOA FEE ONLY $170 PER MONTH. VERY QUIET AND PRIVATE CONVENIENT LOCATION. WALKING DISTANCE TO AMC MOVIE THEATER ; SHOPPING STORES ; RESTAURANTS AND BUS STOPS .EASY TO SHOW.
Listed with Lingshien Su Chou, SLJ R.E. & Financial Services
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
