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| Mountain Views News, Combined Edition Saturday, January 18, 2020 | ||||||||||||||||||||
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18 F.Y.I. Mountain Views News Saturday, January 18, 2020 Top Producing Agent...Year After Year Luther Tsinoglou626.695.8650 luther@tsinoglou.com tsinoglou.com Agent lic #01135433 | Broker lic #01514230A Real Estate Expert You Can TrustFEATURES• 4 Bedrooms• 4.5 Bathrooms• 3,732 sqft• 11,377 sqft Lot• Family Room with Fireplace• Master Bedroom with Fireplace• Detached 2-Car Garage & Driveway• Pool & JacuzziOffered at: $2,290,000529 W Orange Grove Avenue | Sierra Madre529WOrangeGrove.comCustom-Built Cape Cod Pool Home Open Sunday :: 2-4pmIt's impossible to predict the future, but here's a look at where the real estate market stands at the beginning of 2020 The market is always changing, give us a call for your real estate needsReal-Time Market ProfileMedian List Price$1,895,800Per Square Foot$647Days on Market120Price Decreased38% Price Increased4% Relisted14% Inventory111Median Rent$3,800Most Expensive$12,980,000Least Expensive$435,000Market Action42Slight Seller's AdvantageDeasy Penner Podley's Market Reportwww.dppre.com | 626.795.6262 | info@dppre.com Pasadena, CASingle-Family HomesThis week the median list price for Pasadena, CA is $1,895,800 with themarket action index hovering around 42. This is less than last month'smarket action index of 43. Inventory has held steady at or around 111. Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month4242Slight Seller's AdvantageMarket conditions have been consistently cooling in the past severalweeks. Because we’re still in the Seller’s zone, prices have not yetbegun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if theindex persistently falls to the Buyer’s zone. Median List Price 7-Day Avera e90-Day Avera eJan 2017Jun 2017Oct 2017Feb 2018Jun 2018Oct 2018Feb 2019Jun 2019Oct 2019$750K$1.0M$1.3M$1.5M$1.8M$2.0MMarket SegmentsEach segment below represents approximately 25% of the market ordered by price. Median PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM$4,395,0005,8000.5 - 1 acre567101170$2,248,5003,1780.25 - 0.5 acre446744119$1,325,0002,1818,000 - 10,000 sqft33711399$849,4951,5766,500 - 8,000 sqft329633941 of 1Thu Jan 16 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc. PasadenaReal-Time Market ProfileMedian List Price$2,287,500Per Square Foot$601Days on Market206Price Decreased39% Price Increased6% Relisted17% Inventory150Median Rent$3,750Most Expensive$23,000,000Least Expensive$599,000Market Action30Slight Seller's AdvantageDeasy Penner Podley's Market Reportwww.dppre.com | 626.795.6262 | info@dppre.com Arcadia, CASingle-Family HomesThis week the median list price for Arcadia, CA is $2,287,500 with themarket action index hovering around 30. This is less than last month'smarket action index of 31. Inventory has held steady at or around 150. Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month3030Slight Seller's AdvantageIn terms of supply and demand, the market is getting cooler - moresupply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result ofimproved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed arelarger and younger than they have been in the past. Median List Price 7-Day Avera e90-Day Avera eJan 2017May 2017Sep 2017Jan 2018May 2018Sep 2018Jan 2019May 2019Sep 2019Jan 2020$1.8M$2.0M$2.2M$2.4M$2.6MMarket SegmentsEach segment below represents approximately 25% of the market ordered by price. Median PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM$5,280,0008,0830.5 - 1 acre68540261$2,890,0004,5560.25 - 0.5 acre551002238$1,884,0003,2650.25 - 0.5 acre444624158$1,079,0001,9398,000 - 10,000 sqft3269421651 of 1Thu Jan 16 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc. Arcadia 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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