Home sales in Sierra Madre were pretty consistent over the last two months and of course, a little on the slow side in April. Remember when looking at closed home sales, we're looking at properties that went under contract and in escrow a month to two months prior.
Absorption rate went down drastically from 37.9 weeks of inventory in April for single family homes to only 16.4 weeks. Homes in June sold on average of 95.54% of asking price.
Since there are not too many condos and townhomes, there were no surprises in statistics. Sierra Madre condos and townhomes sales stayed pretty consistent.
Sierra Madre Real Estate Statistics for April through June 2009:
|Single Family Residence||Apr-09||May-09||Jun-09|
|Average Days on the Market||88||166||56|
|Average Price Per Sq. Ft.||$363||$390||$328|
|Median Selling Price||$787,500||$800,000||$722,500|
|Average Selling Price||$816,250||$690,556||$746,611|
|Absorption Rate (# of weeks to sell current inventory at present rate of sales)||37.9||19.3||16.4|
|Condos and Townhomes||Apr-09||May-09||Jun-09|
|Average Days on the Market||n/a||120||113|
|Average Price Per Sq. Ft.||n/a||$322||$331|
|Median Selling Price||n/a||$400,000||$394,250|
|Average Selling Price||n/a||$400,000||$394,250|
|Absorption Rate (# of weeks to sell current inventory at present rate of sales)||n/a||21.7||13.0|
Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)
See all homes for sale in Sierra Madre below:
For detailed information on any of these homes, please visit Sierra Madre homes for sale for an up to date list of all single family homes for sale in Sierra Madre.
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If you are thinking of buying a Sierra Madre home, Sierra Madre condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.
IRINA NETCHAEV & ASSOCIATES
Pasadena Real Estate Agents