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20 F.Y.I. Mountain Views News Saturday, November 16, 2019 626.695.8650 luther@tsinoglou.com | tsinoglou.comAgent lic #01135433 | Broker lic #01514230Luther TsinoglouA Real Estate Expert You Can TrustTop Producing Agent...Year After Year 529WOrangeGrove.com | 4 Bedrooms • 4.5 Baths • 3,732 sqft • 11,377 sqft LotFamily Room with Fireplace • Master with Fireplace • Detached 2-Car Garage • Pool & Jacuzzi529W Orange Grove AvenueSierra Madre 91024Custom-Built Cape Cod Pool HomeListed: $2,290,000Real-Time Market ProfileMedian List Price$610,000Per Square Foot$518Days on Market105Price Decreased100% Price Increased0% Relisted0% Inventory1Median Rent$2,295Most Expensive$610,000Least Expensive$610,000Market Action47Strong Seller's MarketDeasy Penner Podley's Market Reportwww.dppre.com | 626.795.6262 | info@dppre.com Sierra Madre, CACondos/TownhomesThis week the median list price for Sierra Madre, CA is $610,000 withthe market action index hovering around 47. This is less than lastmonth's market action index of 52. Inventory has held steady at oraround 1. Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast MonthL4747Strong Seller's MarketThe market has started cooling and prices have been flat for severalweeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If theMAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. Median List Price 7-Day Avera e90-Day Avera eNov 2016Apr 2017Dec 2017Apr 2018Aug 2018Dec 2018Apr 2019Aug 2019Nov 2019$400K$600K$800K$1.0M$1.2MMarket SegmentsEach segment below represents approximately 25% of the market ordered by price. Median PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM$NaNNaNN/ANaNNaNNaNNaNNaNNaN$NaNNaNN/ANaNNaNNaNNaNNaNNaN$610,0001,1772.5 - 5 acres224500105$610,0001,1772.5 - 5 acres2245001051 of 1Thu Nov 14 2019Powered by Altos Research, Inc. | www.altos.re | Copyright © 2019 Altos Research, Inc. Market Update :: Sierra Madre 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 | ||||||||||||||||||||
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