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.
READ MORE: Altadena Real Estate Statistics for January 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)
READ MORE: How does January's report compare to the August 2008 statistics for Altadena Real Estate?
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Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.
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Posted by Irina Netchaev, real estate broker
