Pasadena Real Estate

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. 

Aborption 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
New Listings	9	11	5
Total Listings	35	40	34
Sales Pending	4	11	7
Homes Sold	4	9	9
Listings Expired	1	3	7
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
New Listings	3	1	1
Total Listings	5	5	6
Sales Pending	0	2	0
Homes Sold	0	1	2
Listings Expired	0	0	0
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.

Also, if you are looking to buy land in Sierra Madre, take a look at this amazing opportunity for a lot with city views with plans to build a 5,000 sq. ft. estate.

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.

 

READ MORE:

Sierra Madre Land for Sale

Sierra Madre Luxury Homes Sale

 

See Previous Real Estate Reports:

Sierra Madre real estate report for September 2008

Sierra Madre real estate report for August 2008

Sierra Madre real estate report for May 2008 - June 2008

 

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 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

 

 

http://www.pasadenacarealestatehomes.com/0099B5