CLICK HERE FOR A LIST OF ALL SIERRA MADRE HOMES FOR SALE (Single Family Residences)
CLICK HERE FOR A LIST OF ALL SIERRA MADRE CONDOS AND TOWNHOMES FOR SALE
Sierra Madre lies in the foothills of the San Gabriel Mountains below the Southern edge of Angeles National Forest. It is bordered by Arcadia and Pasadena and is part of Los Angeles County.
It's a nice town where everyone knows their neighbors, are helpful to each other and block parties are still fun and well attended.
Sierra Madre is known for its Wistaria festival which celebrates its 114 year old, 1+ acre wisteria vine, which is named by the Guinness Book of World Records as the largest blooming plant and one of the seven horticultural wonders of the world.
The town is also home to the only remaining volunteer fire department in the Greater Los Angeles area and has no traffic signals within its town limits.
This small village in the Sierra Madre Canyon area is noted for being a distinct and unusual community. The Canyon is characterized by narrow and winding roads, lush vegetation, views of the San Gabriel Valley, and small bungalows or cabins. Some of these homes have spectacular views and offer large private lots. The downtown has small restaurants and shops.
Sierra Madre's population is almost 11,000 people as of 2007 with 86% being white, 6% asian, a little over 1% black and the rest are classified as "other".
There were 99 home sales in 2007 with a median price of $853,000 and 16 condo sales with a median price of $559,000. The average age of homes is 42 years old.
The inventory in Sierra Madre is growing quickly. As of May 2007, there are 43 active homes on the market which means that there are over 5 months of inventory signalling a strong buyer's market.
Leave a comment » Sierra Madre Real Estate Market Report - September 2008Sierra Madre Real Estate Housing Statistics for September 2008Sierra Madre's real estate statistics for the month of September are below. In September, only 9 homes closed escrow in Sierra Madre. That's a significant drop from August. At the same time, the number of new Sierra Madre homes on the market remain pretty constant. Steady listing numbrs and lower Sierra Madre home sales result in a significantly higher absorption rate. It will take 19.3 weeks to sell the existing Sierra Madre inventory if no additional homes come up on the market and if the rate of sales remains the same. Looking over the September listing inventory for Sierra Madre shows that home sellers are still signifcantly over pricing their homes. On average, sellers are asking $463 per square foot. While buyers were willing to pay only $417 in September. The lowest priced Sierra Madre home is $360,000 at 261 Grove Street. The highest priced Sierra Madre home is $1,999,999 at 380 N. Lima Street. There are five available Sierra Madre condos and townhomes for sale. The rate of sales for the last two months have been at two sales each month. See: Sierra Madre Real Estate Market Report for August Sierra Madre Real Estate Market statistics for September 2008:
Real estate data based on information from ITEC (Pasadena Foothills Association MLS service) For weekly updates on the real estate market activity, please feel free to request market analysis reports with detailed information by clicking on How's the Market page on this Pasadena real estate blog. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments. Posted by Irina Netchaev, Monterey Hills Real Estate Agent 626-627-7107
SEARCH SIERRA MADRE HOMES FOR SALE
SEARCH SIERRA MADRE CONDOS AND TOWNHOMES FOR SALEhttp://www.pasadenacarealestatehomes.com/007741 
Posted on October 23, 2008 13:25:26
Posted in Sierra Madre Posted by:
 Irina NetchaevSubscribe to receive Comments via RSS Feed from our site. |
Leave a comment » Sierra Madre Real Estate market Report - August 2008Sierra Madre Real Estate Market Statistics for August 2008Sierra Madre real estate home sellers are begining to price their homes more aggressively and closer to what the home buyers are willing to pay. The average price per square foot for sold homes in August was $435 and the average price per square foot of homes on the real estate market is $452. There's still a bit of a discrepancy, but it's getting closer. Price reductions 23 out of 37 single family Sierra Madre homes for sale underwent price reductions. That's 62% of the sellers finally realizing that they are no longer driving the market, the buyers are! It's about time since some of these homes have been on the market for a year or longer and the majority of these Sierra Madre homes have been listed for sale close to 4 months. Lowest priced SFR (single family residence) in Sierra Madre is listed at $399,000. Highest priced SFR in Sierra Madre is listed at almost $2,000,000 at $1,999,999. Sierra Madre Real Estate Market statistics for August 2008:
Real estate data based on information from ITEC (Pasadena Foothills Association MLS service) SEARCH SIERRA MADRE HOMES FOR SALE
SEARCH SIERRA MADRE CONDOS AND TOWNHOMES FOR SALEPosted by Irina Netchaev, real estate agent in Pasadena California. http://www.pasadenacarealestatehomes.com/007734
Posted on September 23, 2008 23:11:50
Posted in Sierra Madre Posted by:
Irina NetchaevSubscribe to receive Comments via RSS Feed from our site. |
Leave a comment » Sierra Madre Real Estate Market ReportIf you are living in Sierra Madre or are thinking about relocating to Sierra Madre, you've come to the right place.If you are living in Sierra Madre or are thinking about relocating to Sierra Madre, 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 Sierra Madre California. Bookmark this page and visit it each month to see how Sierra Madre homes and condos are faring in today's real estate market. If you are already a Sierra Madre homeowner and would like to get a monthly email sent to you with real estate activity around your Sierra Madre home, please click here and order your real estate monthly market 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 Sierra Madre home and would like a private consultation, please contact me at 626-627-7107 or Irina@Irina4RealEstate.com. Sierra Madre Real Estate Market Report for the month of June 2008:
Sierra Madre Real Estate Market Report for the month of May 2008:
*Data gathered from ITEC MLS Posted By: Irina Netchaev - Pasadena California Real Estate Agent http://www.pasadenacarealestatehomes.com/00772C
Posted on July 22, 2008 21:38:12
Posted in Sierra Madre Posted by:
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