April 7, 2009

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

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?

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:

  


Interested in seeing what homes are on the real estate market in Pasadena and Altadena? Click on the home search button below to search for full access to the Multiple Listing Service. 

 


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.

Are you relocating to Pasadena?  If so, take a look at our 365 Things To Do In Pasadena® .  Call us at 626-629-8439 to schedule a time for your free home buyer or home seller consultation!

 
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 626.629.8439.

Posted by Irina Netchaev, real estate broker

 

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