The median sales price in Alhambra in October is $525,000. On average, Alhambra homes stayed on the market for 145 days before selling.
Alhambra inventory is tightening and days on the market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
The ALHAMBRA market is currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 17. With several months of inventory available at the current sales rate, buyers should find ample choice. The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall.
Search Alhambra MLS (Multiple Listing Service) below:
Alhambra real estate trends and statistics for August through October 2008:
| Single Family Residence |
Aug-08 | Sep-08 | Oct-08 |
| New Listings |
18 | 14 | 12 |
| Total Listings |
67 | 54 | 52 |
| Sales Pending |
9 | 12 | 8 |
| Homes Sold | 21 | 13 | 13 |
| Listings Expired |
9 | 12 | 12 |
| Average Days on the Market |
82 | 213 | 145 |
| Average Price Per Sq. Ft. |
$363 | $328 | $360 |
| Average Median Price |
$495,000 | $525,000 | |
| Average Selling Price |
$484,967 | $693,241 | $517,808 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
13.8 | 18.0 | 17.3 |
| Condos and Townhomes |
Aug-08 | Sep-08 | Oct-08 |
| New Listings |
11 | 10 | 10 |
| Total Listings |
36 | 37 | 35 |
| Sales Pending |
10 | 4 | 11 |
| Homes Sold | 8 | 9 | 5 |
| Listings Expired |
7 | 10 | 6 |
| Average Days on the Market |
103 | 40 | 66 |
| Average Price Per Sq. Ft. |
$296 | $316 | $271 |
| Average Median Price |
$412,500 | $365,000 | |
| Average Selling Price |
$364,944 | $403,299 | $349,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.5 | 17.8 | 30.3 |
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
