Mountain Views News, Combined Edition Saturday, May 16, 2020

MVNews this week:  Page 14

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 Mountain Views News Saturday, May 16, 2020 

Southern California Real EstateAgent lic #01135433 | Broker lic #01514230A Real Estate Expert You Can Trust 
Luther Tsinoglou626.695.8650 | Luther@Tsinoglou.comVisit us at Tsinoglou.com 
Real-Time Market ProfileMedian List Price$737,000Per Square Foot$526Days on Market78Price Decreased13%
Price Increased3%
Relisted0%
Inventory30Median Rent$3,000Most Expensive$2,980,000Least Expensive$548,000Market Action57Strong Seller's MarketDeasy Penner Podley's Market Reportwww.dppre.com | 626.795.6262 | info@dppre.com
Monrovia, CA 91016Single-Family HomesThis week the median list price for Monrovia, CA 91016 is $737,000with the market action index hovering around 57. This is less than lastmonth's market action index of 61. Inventory has held steady at oraround 30.
Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory.
Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast MonthLast5757Strong Seller's MarketThe market has been cooling off a bit in recent weeks, as more homesare available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’szone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Actionto signal prices rising again.
Median List Price7-Day Average90-Day AverageMay 2017Oct 2017Feb 2018Jun 2018Oct 2018Feb 2019Jun 2019Oct 2019Feb 2020$600K$700K$800K$900K$1.0M$1.1M$1.2MMarket SegmentsEach segment below represents approximately 25% of the market ordered by price.
Median PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM$1,488,0003,4000.25 - 0.5 acre444231148$794,9951,3206,500 - 8,000 sqft32743142$714,5001,4814,500 - 6,500 sqft32672143$634,5001,2586,500 - 8,000 sqft326810811 of 1Thu May 14 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc.
Monrovia | Single Family HomesReal-Time Market ProfileMedian List Price$1,324,500Per Square Foot$606Days on Market204Price Decreased13%
Price Increased8%
Relisted4%
Inventory24Median RentMost Expensive$3,200,000Least Expensive$525,000Market Action36Slight Seller's AdvantageDeasy Penner Podley's Market Reportwww.dppre.com | 626.795.6262 | info@dppre.com
Sierra Madre, CASingle-Family HomesThis week the median list price for Sierra Madre, CA is $1,324,500 withthe market action index hovering around 36. This is less than lastmonth's market action index of 37. Inventory has held steady at oraround 24.
Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory.
Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month3636Slight Seller's AdvantageThe 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 Price7-Day Average90-Day AverageMay 2017Oct 2017Feb 2018Jun 2018Oct 2018Feb 2019Jun 2019Oct 2019Feb 2020$800K$1.0M$1.2M$1.4M$1.6MMarket SegmentsEach segment below represents approximately 25% of the market ordered by price.
Median PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM$2,185,0003,5820.25 - 0.5 acre445800205$1,529,0002,9300.25 - 0.5 acre334700393$926,5001,2508,000 - 10,000 sqft329911151$729,0001,0780 - 4,500 sqft219601641 of 1Thu May 14 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc.
Sierra Madre | Single Family HomesTop Producing Agent, Year After Year
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