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| Mountain Views News, Combined Edition Saturday, January 25, 2020 | ||||||||||||||||||||
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18 F.Y.I. Mountain Views News Saturday, January 25, 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 HomeIt'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$998,000Per Square Foot$480Days on Market129Price Decreased45% Price Increased0% Relisted0% Inventory29Median Rent$3,000Most Expensive$4,890,000Least Expensive$625,000Market Action42Slight Seller's AdvantageDeasy 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 $998,000with the market action index hovering around 42. This is an increaseover last month's market action index of 41. Inventory has held steadyat or around 29. Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month4242Slight Seller's AdvantageThe market remains in a relative stasis in terms of sales to inventoryand prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Marketzone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. Median List Price 7-Day Avera e90-Day Avera eJan 2017Jun 2017Oct 2017Feb 2018Jun 2018Oct 2018Feb 2019Jun 2019Oct 2019$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$2,398,8003,9860.5 - 1 acre552703224$1,250,0002,5408,000 - 10,000 sqft43211574$949,0001,9618,000 - 10,000 sqft336902144$676,5001,3494,500 - 6,500 sqft324934801 of 1Thu Jan 23 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc. MonroviaReal-Time Market ProfileMedian List Price$1,137,500Per Square Foot$604Days on Market176Price Decreased35% Price Increased4% Relisted4% Inventory26Median Rent$3,950Most Expensive$3,200,000Least Expensive$664,000Market Action29Slight Buyer's AdvantageDeasy Penner Podley's Market Reportwww.dppre.com | 626.795.6262 | info@dppre.com Sierra Madre, CA 91024Single-Family HomesThis week the median list price for Sierra Madre, CA 91024 is$1,137,500 with the market action index hovering around 29. This isless than last month's market action index of 33. Inventory has heldsteady at or around 26. Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month2929Slight Buyer's AdvantageThe Market Action Index has been trending lower for several weekswhile prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we willsee downward pressure on pricing. Median List Price 7-Day Avera e90-Day Avera eJan 2017Jun 2017Oct 2017Feb 2018Jun 2018Oct 2018Feb 2019Jun 2019Oct 2019$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$1,920,0003,6160.25 - 0.5 acre44NaN10387$1,272,5002,1560.25 - 0.5 acre33NaN00164$1,095,0001,6418,000 - 10,000 sqft32NaN0185$800,0001,0926,500 - 8,000 sqft22NaN10961 of 1Thu Jan 23 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc. 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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