Mountain Views News, Combined Edition Saturday, May 9, 2020

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 Mountain Views News Saturday, May 9, 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$722,500Per Square Foot$515Days on Market84Price Decreased17%
Price Increased0%
Relisted0%
Inventory24Median Rent$3,000Most Expensive$2,587,000Least Expensive$548,000Market Action62Strong 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 $722,500with the market action index hovering around 62. This is less than lastmonth's market action index of 65. 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 MonthLast M6262Strong 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 2017Sep 2017Jan 2018May 2018Sep 2018Jan 2019May 2019Sep 2019Jan 2020May 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$1,263,5002,3230.25 - 0.5 acre334301148$758,5001,2966,500 - 8,000 sqft32440265$693,5001,3034,500 - 6,500 sqft32761123$629,5001,3124,500 - 6,500 sqft326211991 of 1Thu May 07 2020Powered by Altos Research, Inc. | www.altos.re | Copyright © 2020 Altos Research, Inc.
Monrovia | Single Family HomesReal-Time Market ProfileMedian List Price$1,025,000Per Square Foot$640Days on Market193Price Decreased12%
Price Increased12%
Relisted20%
Inventory25Median Rent$3,748Most Expensive$3,200,000Least Expensive$525,000Market Action37Slight 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 $1,025,000 withthe market action index hovering around 37. This is about the same aslast month's market action index of 37. Inventory has held steady at oraround 25.
Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory.
Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month3737Slight 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 2017Sep 2017Jan 2018May 2018Sep 2018Jan 2019May 2019Sep 2019Jan 2020May 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 acre445820198$1,529,0002,9300.25 - 0.5 acre334701386$926,5001,2506,500 - 8,000 sqft328601155$719,0001,0050 - 4,500 sqft219610541 of 1Thu May 07 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