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 Real Estate Market Statistics from January 2009 to March 2009:
|Single Family Residence||Jan-09||Feb-09||Mar-09|
|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|
|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)
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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