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Altadena California - Real Estate Housing and Market Report for March 2009

See the real estate market update for Altadena California

Altadena's real estate home prices have been on a down trend for quite a few months, but we're seeing a turn around. March home price per square foot closed at only $266, but the last few weeks real estate activity has picked up dramatically. We are seeing a lot of home buyers shopping for a home under $500,000.

Altadena median home prices 2008 vs 2009

Altadena Real Estate Market Statistics from January 2009 to March 2009:

Single Family Residence	Jan-09	Feb-09	Mar-09
New Listings	25	14	26
Total Listings	105	54	72
Sales Pending	22	12	32
Homes Sold	28	16	17
Listings Expired	14	19	12
Average Days on the Market	151	62	120
Average Price Per Sq. Ft.	$310	$341	$266
Average Median Price	$540,679	$442,500	$349,000
Average Selling Price	$273,500	$548,063	$405,676
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	16.3	14.6	18.4

Condos and Townhomes	Jan-09	Feb-09	Mar-09
New Listings	2	0	0
Total Listings	2	1	1
Sales Pending	1	0	0
Homes Sold	1	0	1
Listings Expired	0	0	0
Average Days on the Market	25	n/a	74
Average Price Per Sq. Ft.	$333	n/a	$169
Average Median Price	$277,000	n/a	$180,000
Average Selling Price	$277,000	n/a	$180,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	8.7	n/a	4.3

Data above is compiled from the Pasadena Foothill Association MLS (Multiple Listing Service)

Below is a list of all Altadena homes for sale in the Multiple Listing Service. To get notified of new Altadena listings as they come up on the market, please register for a free VIP account and set up your own Altadena home criteria and as many searches as you would like:

To search Altadena foreclosures, as well as, foreclosures in Pasadena and surrounding cities, please see the list below:

I invite you to request Altadena's real estate market real time reports by clicking How's the Market button on my real estate blog. These reports are compiled by Altos Research and the analysis is emailed to you weekly. I also offer real estate market reports for San Gabriel, San Marino, South Pasadena, Pasadena, Arcadia, Altadena, Monterey Hills and more.

If you would like to search for homes in Altadena, 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 626.627.7107.

Posted by Irina Netchaev, real estate broker

http://www.pasadenacarealestatehomes.com/00961B

Posted on April 07, 2009 21:08:08

Posted in Altadena, Real Estate Market Reports

Posted by:

Irina Netchaev

Comment from: Lake Chapala [Visitor]

· http://www.livinglakechapala.com

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Permalink April 13, 2009 12:08:02

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Permalink April 24, 2009 01:29:04

Comment from: John Beck [Visitor]

· http://www.johnbeck.tv

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Permalink July 24, 2009 13:56:54

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