Mountain Views News, Pasadena Edition [Sierra Madre] Saturday, October 13, 2018

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10

 Mountain Views News Saturday, October 13, 2018 

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Market Data obtained by by Altos Research, LLC. Podley Properties® does not guarantee the accuracy of room dimensions, square footage, lot size, or other information regarding the condition or features of the property provided by 
the seller or obtained from public records or other sources. Buyer is advised to verify that information through personal inspection with the appropriate professionals. ©2018 Podley Properties. All rights reserved. 
The Market Action Index answers the question “How’s the Market?” 
by measuring the current rate of sale versus the amount of the 
inventory. Index above 30 implies Seller’s Market conditions. Below 
30, conditions favor the buyer.
This Week Median List Price: $1,079,000The Market Action Index has been climbing lately while 
days-on-market are trending down, these point to a positive 
near-term outlook for the market.
Supply & DemandIn the last few weeks, the Market Action Index has resumed a climb.
Despite the fact that we’re in a Seller’s market, prices have not yet 
resumed upward momentum. However, it is likely that given these 
conditions, prices will at least level off very soon. If the increasingtrend continues, expect that prices could shift higher quickly.
Market Action Index5803588182.0562.021823.0856030.25 - 0.50acre96$ 973,5001194.56,501 -
8,000 sqft14.010744,501 -
6,500 sqft8$ 721,0004.0890.25 - 0.50acre$ 1,491,9444.0$ 1,832,5004312760Again this week we see a downward notch for prices. Pricing hasbeen weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for thedurability of this trend.
In the last few weeks, the Market Action Index has resumed a climb.
Despite the fact that we're in a Seller's market, prices have not yetresumed upward momentum. However, it is likely that given theseconditions, prices will at least level off very soon. If the increasingtrend continues, expect that prices could shift higher quickly.
The Market Action Index has been climbing lately while days-on-
market are trending down, these point to a positive near-termoutlook for the market.
SIERRA MADRE, CAPodley Properties'Executive Summary816982.0Monday October 8, 2018The median list price in SIERRA MADRE, CA this week is $1,079,000.
Investigate the market in quartiles -
where each quartile is 25% of homesordered by price.
Most expensive 25% of propertiesUpper-middle 25% of propertiesLower-middle 25% of propertiesLeast expensive 25% of propertiesQuartileMedian PriceLot SizeBedsBathsAgeInventoryNewAbsorbedDOMSq. Ft.
Podley Properties | www.Podley.com | 626.795.6262No changeStrong upward trendStrong downward trendSlight upward trendSlight downward trend±+==≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2016 Altos Research LLCSingle Family HomesMedian Lot Size36.0Percent Relisted (reset DOM)
20903.09 %
Median Number of Bathrooms85Median List PriceAverage Days on Market (DOM)
$ 575Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 1,079,00039 %
3.0Market Action IndexMedian Number of BedroomsAsking Price Per Square Foot9 %
Percent of Properties with Price DecreaseSeller's Advantage≠≠
=
≠
=
Bottom/FourthLower/ThirdUpper/SecondTop/FirstThis WeekSupply and DemandReal-Time Market ProfileTrendPricePrice TrendsMarket Action IndexThe Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile7-Day Rolling Average90-Day Rolling AverageBuyer/Seller Cutoff7-Day Rolling Average90-Day Rolling AveragePriceReal-Time Market ProfileTrendAgain this week we see a downward notch for prices. Pricing has 
been weak in recent weeks & versus their absolute-high levels. 
The MAI is a good leading indicator for the durability of this trend.
Price Trends5803588182.0562.021823.0856030.25 - 0.50acre96$ 973,5001194.56,501 -
8,000 sqft14.010744,501 -
6,500 sqft8$ 721,0004.0890.25 - 0.50acre$ 1,491,9444.0$ 1,832,5004312760Again this week we see a downward notch for prices. Pricing hasbeen weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for thedurability of this trend.
In the last few weeks, the Market Action Index has resumed a climb.
Despite the fact that we're in a Seller's market, prices have not yetresumed upward momentum. However, it is likely that given theseconditions, prices will at least level off very soon. If the increasingtrend continues, expect that prices could shift higher quickly.
The Market Action Index has been climbing lately while days-on-
market are trending down, these point to a positive near-termoutlook for the market.
SIERRA MADRE, CAPodley Properties'Executive Summary816982.0Monday October 8, 2018The median list price in SIERRA MADRE, CA this week is $1,079,000.
Investigate the market in quartiles -
where each quartile is 25% of homesordered by price.
Most expensive 25% of propertiesUpper-middle 25% of propertiesLower-middle 25% of propertiesLeast expensive 25% of propertiesQuartileMedian PriceLot SizeBedsBathsAgeInventoryNewAbsorbedDOMSq. Ft.
Podley Properties | www.Podley.com | 626.795.6262No changeStrong upward trendStrong downward trendSlight upward trendSlight downward trend±+==≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2016 Altos Research LLCSingle Family HomesMedian Lot Size36.0Percent Relisted (reset DOM)
20903.09 %
Median Number of Bathrooms85Median List PriceAverage Days on Market (DOM)
$ 575Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 1,079,00039 %
3.0Market Action IndexMedian Number of BedroomsAsking Price Per Square Foot9 %
Percent of Properties with Price DecreaseSeller's Advantage≠≠
=
≠
=
Bottom/FourthLower/ThirdUpper/SecondTop/FirstThis WeekSupply and DemandReal-Time Market ProfileTrendPricePrice TrendsMarket Action IndexThe Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile7-Day Rolling Average90-Day Rolling AverageBuyer/Seller Cutoff7-Day Rolling Average90-Day Rolling AverageQuartilesCharacteristics per QuartileInvestigate the market in quartiles, 
where each quartile is 25% of homes.
5803588182.0562.021823.0856030.25 - 0.50acre96$ 973,5001194.56,501 -
8,000 sqft14.010744,501 -
6,500 sqft8$ 721,0004.0890.25 - 0.50acre$ 1,491,9444.0$ 1,832,5004312760Again this week we see a downward notch for prices. Pricing hasbeen weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for thedurability of this trend.
In the last few weeks, the Market Action Index has resumed a climb.
Despite the fact that we're in a Seller's market, prices have not yetresumed upward momentum. However, it is likely that given theseconditions, prices will at least level off very soon. If the increasingtrend continues, expect that prices could shift higher quickly.
The Market Action Index has been climbing lately while days-on-
market are trending down, these point to a positive near-termoutlook for the market.
SIERRA MADRE, CAPodley Properties'Executive Summary816982.0Monday October 8, 2018The median list price in SIERRA MADRE, CA this week is $1,079,000.
Investigate the market in quartiles -
where each quartile is 25% of homesordered by price.
Most expensive 25% of propertiesUpper-middle 25% of propertiesLower-middle 25% of propertiesLeast expensive 25% of propertiesQuartileMedian PriceLot SizeBedsBathsAgeInventoryNewAbsorbedDOMSq. Ft.
Podley Properties | www.Podley.com | 626.795.6262No changeStrong upward trendStrong downward trendSlight upward trendSlight downward trend±+==≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2016 Altos Research LLCSingle Family HomesMedian Lot Size36.0Percent Relisted (reset DOM)
20903.09 %
Median Number of Bathrooms85Median List PriceAverage Days on Market (DOM)
$ 575Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 1,079,00039 %
3.0Market Action IndexMedian Number of BedroomsAsking Price Per Square Foot9 %
Percent of Properties with Price DecreaseSeller's Advantage≠≠
=
≠
=
Bottom/FourthLower/ThirdUpper/SecondTop/FirstThis WeekSupply and DemandReal-Time Market ProfileTrendPricePrice TrendsMarket Action IndexThe Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile7-Day Rolling Average90-Day Rolling AverageBuyer/Seller Cutoff7-Day Rolling Average90-Day Rolling Average5803588182.0562.021823.0856030.25 - 0.50acre96$ 973,5001194.56,501 -
8,000 sqft14.010744,501 -
6,500 sqft8$ 721,0004.0890.25 - 0.50acre$ 1,491,9444.0$ 1,832,5004312760Again this week we see a downward notch for prices. Pricing hasbeen weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for thedurability of this trend.
In the last few weeks, the Market Action Index has resumed a climb.
Despite the fact that we're in a Seller's market, prices have not yetresumed upward momentum. However, it is likely that given theseconditions, prices will at least level off very soon. If the increasingtrend continues, expect that prices could shift higher quickly.
The Market Action Index has been climbing lately while days-on-
market are trending down, these point to a positive near-termoutlook for the market.
SIERRA MADRE, CAPodley Properties'Executive Summary816982.0Monday October 8, 2018The median list price in SIERRA MADRE, CA this week is $1,079,000.
Investigate the market in quartiles -
where each quartile is 25% of homesordered by price.
Most expensive 25% of propertiesUpper-middle 25% of propertiesLower-middle 25% of propertiesLeast expensive 25% of propertiesQuartileMedian PriceLot SizeBedsBathsAgeInventoryNewAbsorbedDOMSq. Ft.
Podley Properties | www.Podley.com | 626.795.6262No changeStrong upward trendStrong downward trendSlight upward trendSlight downward trend±+==≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2016 Altos Research LLCSingle Family HomesMedian Lot Size36.0Percent Relisted (reset DOM)
20903.09 %
Median Number of Bathrooms85Median List PriceAverage Days on Market (DOM)
$ 575Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 1,079,00039 %
3.0Market Action IndexMedian Number of BedroomsAsking Price Per Square Foot9 %
Percent of Properties with Price DecreaseSeller's Advantage≠≠
=
≠
=
Bottom/FourthLower/ThirdUpper/SecondTop/FirstThis WeekSupply and DemandReal-Time Market ProfileTrendPricePrice TrendsMarket Action IndexThe Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile7-Day Rolling Average90-Day Rolling AverageBuyer/Seller Cutoff7-Day Rolling Average90-Day Rolling Average5803380922.0692.011153.0937300.25 - 0.50acre72$ 1,188,0001194.00.25 - 0.50acre24.012498,001 -
10,000 sqft8$ 849,0004.0730.25 - 0.50acre$ 1,494,0004.0$ 2,082,0007022691The market seems to have paused around this plateau. TheMarket Action Index is a good leading indicator for the durabilityof this trend.
The market has started cooling and prices have recently plateaued.
Since we're in the Seller's zone, watch for changes in MAI. If the MAIresumes its climb, prices will likely follow suit. If the MAI dropsconsistently or falls into the Buyer's zone, watch for downwardpressure on prices.
The Market Action Index has been trending down lately, whileinventory and days-on-market are climbing. The trends imply aweakening market.
SIERRA MADRE, CAPodley Properties'Executive Summary819822.0Monday July 2, 2018The median list price in SIERRA MADRE, CA this week is $1,273,500.
Investigate the market in quartiles -
where each quartile is 25% of homesordered by price.
Most expensive 25% of propertiesUpper-middle 25% of propertiesLower-middle 25% of propertiesLeast expensive 25% of propertiesQuartileMedian PriceLot SizeBedsBathsAgeInventoryNewAbsorbedDOMSq. Ft.
Podley Properties | www.Podley.com | 626.795.6262No changeStrong upward trendStrong downward trendSlight upward trendSlight downward trend±+==≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2016 Altos Research LLCSingle Family HomesMedian Lot Size40.9Percent Relisted (reset DOM)
21863.06 %
Median Number of Bathrooms78Median List PriceAverage Days on Market (DOM)
$ 593Percent Flip (price increased)
0.25 - 0.50 acreMedian House Size (sq ft)
$ 1,273,50038 %
4.0Market Action IndexMedian Number of BedroomsAsking Price Per Square Foot12 %
Percent of Properties with Price DecreaseSeller's Advantage±+
=
=
≠
Bottom/FourthLower/ThirdUpper/SecondTop/FirstThis WeekSupply and DemandReal-Time Market ProfileTrendPricePrice TrendsMarket Action IndexThe Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile7-Day Rolling Average90-Day Rolling AverageBuyer/Seller Cutoff7-Day Rolling Average90-Day Rolling AverageSierra Madre // This Week’s Market Update 
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Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.609.3285 Email: editor@mtnviewsnews.com Website: www.mtnviewsnews.com