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
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more.
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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