Pasadena Real Estate

Featured Neighborhoods

South Pasadena
Pasadena
San Gabriel
San Marino
Monterey Hills
Altadena
Alhambra
Arcadia
Sierra Madre

Altadena Real Estate Market Report - November 2008

Altadena real estate market update for November 2008

The number of home sales in Altadena has plummeted in November to 17 from 30. That's quite a drastic drop in sales with December not looking any more promising since the number of Altadena homes in escrow at only 18.

Overall, the price per square foot is holding in the low $300s, but Altadena homes in the higher price range are just not moving. That's indicative of the Altadena median home price dropping to $360,000.

Altadena homes on the market now are averaging around $730,000.

The highest priced home in Altadena for sale in November was at 1690 East Altadena listed for $2,850,000.

The lowest priced Altadena home for sale in November was at 849 Figueroa Drive for $240,000.

Single Family Residence	Sep-08	Oct-08	Nov-08
New Listings	30	37	15
Total Listings	108	121	100
Sales Pending	33	22	18
Homes Sold	30	30	17
Listings Expired	21	11	13
Average Days on the Market	139	129	85
Average Price Per Sq. Ft.	$360	$321	$314
Average Median Price	$483,500	$460,000	$360,000
Average Selling Price	$553,587	$528,987	$543,082
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	15.6	17.5	25.5

Condos and Townhomes	Sep-08	Oct-08	Nov-08
New Listings	0	2	0
Total Listings	0	2	0
Sales Pending	0	1	1
Homes Sold	0	0	1
Listings Expired	1	1	0
Average Days on the Market	n/a	n/a	93
Average Price Per Sq. Ft.	n/a	n/a	$206
Average Median Price	n/a	n/a	$220,000
Average Selling Price	n/a	n/a	$220,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	n/a	n/a	0.0

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:

Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service)

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/009279