Mountain Views News, Combined Edition Saturday, May 30, 2020

MVNews this week:  Page 12

12

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 Mountain Views News Saturday, May 30, 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$774,000Per Square Foot$513Days on Market80Price Decreased16%
Price Increased3%
Relisted0%
Inventory31Median Rent$3,000Most Expensive$2,980,000Least Expensive$548,000Market Action58Strong Seller's MarketDeasy Penner Podley's Market Reportwww.dppre.com | 626.795.6262 | info@dppre.com
Monrovia, CASingle-Family HomesThis week the median list price for Monrovia, CA is $774,000 with themarket action index hovering around 58. This is less than last month'smarket action index of 63. Inventory has held steady at or around 31.
Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory.
Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast MonthLast 
5858Strong 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 movelower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to theBuyer’s zone. Watch for a persistent up-turn in Market Action to 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$1,699,0003,4000.25 - 0.5 acre442610152$909,0001,6616,500 - 8,000 sqft32683214$725,0001,3516,500 - 8,000 sqft32591270$644,4991,2586,500 - 8,000 sqft326801911 of 1Wed May 20 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc.
Monrovia | Single Family HomesReal-Time Market ProfileMedian List Price$1,398,000Per Square Foot$621Days on Market231Price Decreased19%
Price Increased10%
Relisted5%
Inventory21Median Rent$3,995Most Expensive$3,200,000Least Expensive$525,000Market Action38Slight 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 $1,398,000 withthe market action index hovering around 38. This is an increase overlast month's market action index of 37. Inventory has held steady at oraround 21.
Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory.
Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month3838Slight Seller's AdvantageIn the last few weeks the market has achieved a relative stasis point interms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in theMAI. If the market heats up, prices are likely to resume an upward climb.
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$2,190,0003,5960.25 - 0.5 acre454200238$1,698,0003,4280.25 - 0.5 acre543700436$1,299,0001,8108,000 - 10,000 sqft337300159$765,0009310 - 4,500 sqft11100031141 of 1Wed May 20 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