In the ever-changing landscape of real estate, staying updated on market trends is crucial for both buyers and sellers. Robbyn’s “Altadena Market at a Glance” report provides a comprehensive but easily digestible snapshot of Altadena, California’s latest real estate dynamics. Robbyn will dive into the key statistics from October 2023, compare them with those from September 2023, and offer insightful analysis to help you better understand what it all means. Whether you’re looking to buy, sell, or stay informed, this report will give you the information you need to navigate the Altadena real estate market confidently.
October 22 Stats
Market Data
- Homes for Sale: 36
- Median List Price: $1,354,000
- Average Price Per Square Foot: $730
- Homes Sold: 27
- Median Sale Price: $1,415,000
- Average Market Time: 10 days
Analysis
- Homes for Sale: Slight increase in inventory compared to last month, offering more options for buyers.
- Median List Price: Slight decrease in the median list price, which could indicate a minor cooling off.
- Average Price Per Square Foot: A small drop compared to last month, but still high.
- Homes Sold: Number of sales remained consistent, showing steady demand.
- Median Sale Price: Noticeable increase, indicating a seller’s market.
- Average Market Time: Homes are selling faster, suggesting high buyer demand.
Summary for October
The Altadena market in October shows signs of sustained demand with homes selling quickly at increased prices. Although there has been a slight decrease in list prices and price per square foot, the robust number of sales and quick market times indicate that it’s still very much a seller’s market.
September 21 Stats
Market Data
- Homes for Sale: 34
- Median List Price: $1,369,500
- Average Price Per Square Foot: $733
- Homes Sold: 27
- Median Sale Price: $1,095,000
- Average Market Time: 22 days
Analysis
- Homes for Sale: Limited inventory, which typically drives prices up.
- Median List Price: Higher than this month, possibly due to lower inventory.
- Average Price Per Square Foot: Slightly higher than this month, echoing the median list price.
- Homes Sold: Consistent sales volume indicating steady demand.
- Median Sale Price: Lower than this month, possibly due to various factors, including seasonality.
- Average Market Time: Homes took longer to sell than this month, but still relatively quick.
Summary for September
In Altadena, September’s real estate landscape was marked by consistent sales volume, albeit at a lower median sale price and a slightly longer market time than October. The limited inventory and higher list prices pointed towards a seller’s advantage, but perhaps with less urgency from buyers.
Comparing September and October
- Homes for Sale: Increased from 34 to 36
- Median List Price: Dropped from $1,369,500 to $1,354,000
- Average Price Per Square Foot: Decreased from $733 to $730
- Homes Sold: Remained the same at 27
- Median Sale Price: Increased dramatically from $1,095,000 to $1,415,000
- Average Market Time: Decreased from 22 days to 10 days
The Altadena market has seen some interesting shifts from September to October. While the inventory slightly increased and list prices decreased, homes sell at a significantly higher median price and much quicker, underlining a strong market for sellers.
If you’re interested in buying or selling in the Altadena market or other neighborhoods, now is the time to act! Market conditions are dynamic and can change quickly. Contact Robbyn Battles at 818-388-1631 or email robbyn@thehouseagent.com to make the most of the current market trends.
Here are some interesting facts about Altadena, California.
Nestled at the base of the San Gabriel Mountains, Altadena, California, offers a variety of unique attractions for residents and visitors alike. From exploring the scenic trails of the Echo Mountain Hiking Area to the local allure of the Altadena Farmer’s Market, this community provides a serene yet vibrant lifestyle. As for real estate, Altadena has seen notable growth recently. In September 2023, the price of 1-bedroom homes in the area increased by a staggering 34.1% compared to the previous year[5]. With its natural beauty and rapidly appreciating housing market, Altadena offers a compelling mix of leisure and investment opportunities.
🌐 Sources
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- ca.gov – www.ca.gov | California State Portal
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- rockethomes.com – Altadena, California Housing Market Report September 2023
- atlasobscura.com – Cool and Unusual Things to Do in Altadena
Robbyn Battles: A Trusted Expert in Real Estate and Community Engagement
With over 30 years of experience in the real estate industry, Robbyn Battles has a sterling reputation for excellence, underscored by glowing reviews on Zillow and Google Business. Her success is largely referral-based, which speaks volumes about the trust and satisfaction her clients place in her. Robbyn excels professionally and actively gives back to the community she loves. She volunteers her time at Crescenta Commons, a community garden and gathering spot that has become an invaluable local resource.
Now, why should you have Robbyn represent you in your next real estate transaction?
- In-Depth Market Insights: Robbyn provides a comprehensive “Market at a Glance” report, covering key areas like La Crescenta, Glendale, Pasadena, and more, making her an unparalleled source of local market expertise.
- Legislative Savvy: As someone who is highly interested in State and local housing and educational bills, Robbyn keeps her finger on the pulse of policies that can impact your home’s value and the community at large.
- Community-Centric: Her local community work gives her a unique understanding of neighborhood dynamics, an invaluable asset when selling or purchasing a home.
Choose Robbyn for a multi-faceted approach that combines market expertise, policy awareness, and a love for community.
🌐 Sources
- reuters.com – Why advisers disagree about hawking their performance
- coursehero.com – 1. week 3 Assignment Online Review Report.docx
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- newsweek.com – News, Analysis, Politics, Business, Technology