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