Let’s take a closer look at Altadena’s real estate market in Robbyn Battles Altadena Market at a Glance that compares the latest data from September 23rd with those from August 23rd. Here’s the breakdown:
September 23 Stats
Homes For Sale: 34
Analysis: There’s an increase in inventory compared to last month. More homes on the market may indicate that sellers are finding it a good time to list, or it could signify a slight cooling in sales.
Median List Price: $1,369,500
Analysis: The median list price has slightly decreased from August, suggesting that sellers may be pricing their homes more competitively or that lower-priced homes have entered the market.
Average Price Per Square Foot: $733
Analysis: The price per square foot has remained nearly the same, signaling that the value proposition for buyers is consistent.
Homes Sold: 27
Analysis: A slight uptick in the number of homes sold suggests a more active market.
Median Sale Price: $1,315,000
Analysis: The median sale price has decreased, but not as drastically as previously mentioned. This could indicate a balanced market where both buyers and sellers can find opportunities.
Average Market Time: 22 Days
Analysis: Homes are selling faster than in August, which may signal higher demand or more competitive pricing from sellers.
Comparative Analysis: September vs. August
- Inventory: Increased from 27 to 34 homes (+7)
- Median List Price: Decreased from $1,399,999 to $1,369,500 (-$30,499)
- Average Price Per Square Foot: Almost the same, with a minor decrease from $734 to $733 (-$1)
- Homes Sold: Increased from 26 to 27 (+1)
- Median Sale Price: Decreased from $1,370,000 to $1,315,000 (-$55,000)
- Average Market Time: Decreased from 30 to 22 days (-8)
In summary, September’s data shows some interesting shifts. With an increase in inventory and a decrease in both median list and sale prices, we may be observing a transition towards a more balanced market compared to August’s seemingly stronger seller’s market.
If these market trends have caught your eye and you’re considering buying or selling in Altadena or the surrounding areas, don’t hesitate to reach out. With fluctuations in list prices, sale prices, and market timing, having an experienced guide can make all the difference. Call Robbyn Battles at 818-388-1631 or send an email to robbyn@thehouseagent.com for expert advice tailored to your real estate needs. With over 30 years of experience, Robbyn has the know-how to help you navigate any market conditions. Don’t miss your chance to make a smart move in today’s market! 🏡✨