This week's trends for San Gabriel Valley real estate show positive signs for San Marino and Pasadena 91104. Meanwhile, La Canada Flintridge has taken the hardest fall from the leading community in market demand and prices to one of the lowest. Pricing is falling along with demand in that area.
These trends are based on Altos Research Real-Time Real Estate Data, and they fluctuate from week to week. I So, keep watching Classic Pasadena Homes week by week to be aware of housing conditions in your area.
San Gabriel Valley real estate numbers
The median listing price this week is $1,699,000 in La Canada Flintridge, down from last week’s $1,750,000. The market has been consistently cool for several weeks. Demand levels are low relative to the available inventory, and it’s likely that prices will continue to decrease.
Average days on market: 164
Asking price per square foot: $535
Market Action Index score: 32.9
PASADENA 91104
The median list price this week is $549,000. Home sales have been exceeding new inventory for several weeks, but prices have not yet stopped falling. There is still reason to be optimistic about this market: Demand is heating up as inventory tightens and the length of time properties spend on the market drops.
Average days on market: 87
Asking price per square foot: $380
Market Action Index score: 38.0
SAN MARINO
The median list price this week is $1,951,500, down from last week’s $2,227,500. Despite this week’s down tic, price trends in this zip code have generally been moving up lately. Demand is increasing and days-on-market for properties is dropping – positive signs for the market.
Average days on market: 92
Asking price per sq foot: $712
Market Action Index score: 36.9
If you’re interested in learning more about what your property could bring on the market, visit our Home Values page. To see a more complete breakdown of trends read my article, "San Gabriel Valley real estate market outlook."
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