Altadena real estate is still seeing an increase in home listings.  Inventory is increasing, prices are going down and sales will be decreasing in the next couple of months.  Take a look at the number of Altadena homes with accepted offers (sales pending) and you will see a significant decrease from 37 in June to 22 in October. 

Starting with October 2008, I will be able to include the Median Sales Price which will help us in tracking the real estate market a bit more effectively.

In the meantime, Altadena is still in a very strong buyer's market.

Condos and townhomes in Altadena are still almost nowhere to be found, but for the persistent few who want to buy an Altadena condo there are a couple available for sale.

If you are looking for Altadena foreclosures, here's a list of all Altadena homes that are bank owned and foreclosed.

Altadena Real Estate Market Statistics for October 2008 with comparison to June and September:

 Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

SEARCH HOMES FOR SALE IN ALTADENA (Single Family Residences)

SEARCH ALTADENA CONDOS AND TOWNHOMES FOR SALE

SEE ALL ALTADENA HOMES FOR SALE IN MLS (MULTIPLE LISTING SERVICE):

Real estate market activity with real time updated data can be found on Pasadena California Real Estate Blog's How is the Real estate Market tab.  These real estate housing reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Real Estate Agent.

So, what's going on with Altadena?  Inventory is increasing and prices are going down.  We are in a very strong buyer's market in Altadena.  The number of homes under contract has increased which will help the situation if home buyers will be able to get financing and close escrows.  Price per square foot of sold homes has increased although the overall Altadena home price has increased.  Home buyers are careful with how much they are willing to pay and are buying smaller homes.

Condos and townhomes in Altadena are non-existent at the moment. 

Altadena Real Estate Market Statistics for June through September 2008:

Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

SEARCH HOMES FOR SALE IN ALTADENA (Single Family Residences)

SEARCH ALTADENA CONDOS AND TOWNHOMES FOR SALE

Real estate market activity with real time updated data can be found on Pasadena California Real Estate Blog's How is the Real estate Market tab.  These real estate housing reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Real Estate Agent.

Altadena real estate market has shown a decreased number of available homes for sale from May 2008 to August 2008.  This decrease is due to the pick up of home sales in the summer months, although looking at the number of homes that went under contract in August, it's clear that the summer rush is over.  The average price of an Altadena home has been declining steadily with August ending at $640,167.  Price per square foot of homes sold in Altadena has also decreased month after month to $345.

Altadena homes sold in August 2008 on average at 96.49% to their adjusted asking price.  I say adjusted because more than half of the Altadena homes sold in August had price reduction prior to getting buyer bids and finalizing the sale.

Atadena condos and townhomes are almost non-existent since Altadena mainly has single family homes. 

Data taken from ITEC (Pasadena Foothills Association MLS service)

HOMES FOR SALE IN ALTADENA (Single Family Residences)

SEARCH CONDOS AND TOWNHOMES FOR SALE IN ALTADENA

If you are living in Altadena or are thinking about relocating to Altadena, you've come to the right place. 

This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for Altadena California.  Bookmark this page and visit it each month to see how Altadena homes and condos are faring in today's real estate market.

If you are already an Altadena homeowner and would like to get a monthly email sent to you with real estate activity around your Altadena home, please click here and order your real estate monthly statistical and trending report.  You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list.

If you are seriously considering selling your Altadena home and would like a private consultation, please contact me at     626-627-7107     or Irina@Irina4RealEstate.com.

Read More:  Altadena Real Estate Market Report August 2008

Altadena Real Estate Market Report for the month of June 2008:

Single Family Residence	Jun-08
New Listings	36
Total Listings	137
Sales Pending	37
Homes Sold	31
Listings Expired	13
Average Days on the Market	116
Average Price Per Sq. Ft.	$378
Average Selling Price	$745,097
Condos and Townhomes	Jun-08
New Listings	1
Total Listings	4
Sales Pending	0
Homes Sold	1
Listings Expired	1
Average Days on the Market	12
Average Price Per Sq. Ft.	$431
Average Selling Price	$535,000

Altadena Real Estate Market Report for the month of May 2008:

Posted By: Irina Netchaev - Pasadena California Real Estate Agent - Irina Netchaev & Associates.  Irina and her Team of Real Estate experts work in the beautiful Keller Williams Realty in Pasadena California specializing in Pasadena Real Estate, San Marino Real Estate, South Pasadena Real Estate, San Gabriel Real Estate, Altadena Real Estate, Alhambra Real Estate, Monterey Hills Real Estate, Arcadia Real Estate, Sierra Madre Real Estate and surrounding communities.

(626) 204-3340