Aug. 25, 2010

Sierra Madre Real Estate Market Update for Summer 2010

Home sales activity in Sierra Madre remained pretty consistent over the last several months. We are seeing around 10 new home listings coming up for sale and the overall inventory is in the mid 30 home number.

The price per square foot of single family homes has been a bit all over the place. In May of 2010, the average price per square foot for Sierra Madre ran around $373 and July closed at $423. However, Sierra Madre is known for its eclectic homes. Some are very small cottages running under $500,000 and others are beautiful hillside homes with amazing city views.

If you've been looking for a home in Sierra Madre, you have probably run into the fact that inventory is pretty low especially since there are about 5,000 housing units. The existing 35 available homes for sale represent less than 1% of all available housing. When you start slicing and dicing these home listings, most buyers realize that Sierra Madre view homes are very hard to find.

Here're some graphs and charts to keep you entertained. I know you love 'em!

Media Sold Price of Sierra Madre Homes:

Sierra Madre Homes Median Sales Sold Price

Housing Units For Sale/Sold In Sierra Madre:

Sierra Madre Home Volume

How Long Does It Take to Sell a Sierra Madre Home?

Average Days on the Market

And, of course... here's a list of available homes for sale. Or, you can click on the Sierra Madre Homes for Sale link here to see up to date, real time Sierra Madre home listings.

Any questions, give us a call at 626-629-8439 or email us at Info(at)PasadenaViews(dot)com.

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