A look at San Gabriel Valley real estate shows up that San Marino boasts the highest list price in the area, closing in on $2 million. La Canada, and zip codes 91105 and 91106 have median listing prices of more than $1 million. Most of San Gabriel Valley is a “seller’s market,” meaning that the market conditions are relatively favorable to sellers based on supply and demand.
San Gabriel Valley real estate: By the numbers
The median listing price this week is $1,761,500. This market is heating up, with on the rise once again. More sales demand and fewer homes listed have contributed to this positive trend.
Average days on market: 166
Asking price per square foot: $558
Market Action Index score: 34.9
See La Canada real estate listings
PASADENA
The median list price this week is $576,950. Prices are holding fairly steady, though the market is weakening a bit. It may take a few more weeks of slack demand for prices to begin to fall. For now, 91104 remains a seller’s market.
Average days on market: 94
Asking price per square foot: $395
Market Action Index score: 42.1
The median list price this week is $1,068,000. Home sales have been exceeding new listings for several weeks. Prices have not yet stopped falling, but they should level off soon. If the sales trend holds, we may seem them climb from there.
Average days on market: 115
Asking price per sq foot: $490
Market Action Index score: 34.8
The median list price this week is $1,199,000. Home sales have been exceeding the number of new listings coming on the market for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, we are likely to see upward pressure on pricing.
Average days on market: 83
Asking price per sq foot: $503
Market Action Index score: 33.2
91107
The median list price this week is $728,000. We’ve been seeing prices move higher, but this trend is relatively fragile due to the increasing number of listings coming onto the market. If the market cools, the price trend may reverse.
Average days on market: 78
Asking price per sq foot: $415
Market Action Index score: 38.3
See Pasadena real estate listings
The median list price this week is $$1,908,000. Home sales have been exceeding new inventory for several weeks, but prices have not yet stopped falling. With San Marino in the seller’s zone, the prices should level off soon. Should the sales trend hold, prices may resume their climb from there.
Average days on market: 95
Asking price per sq foot: $718
Market Action Index score: 41.2
See San Marino real estate listings
The median list this week is $988,000. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Average days on market: 72
Asking price per sq foot: $552
Market Action Index score: 42.3
Search homes in South Pasadena
The median list this week $599,000. Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall.
Average days on market: 84
Asking price per sq foot: $350
Market Action Index score: 40.7
Search homes in Altadena
If you’re interested in learning more about what your property could bring on the market, visit our Home Values page. There is plenty of reason to be optimistic about our San Gabriel Valley real estate markets.
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