altadena: Real Estate Market Index Report West San Gabriel Valley CA November 2009
- 12/28/09 09:51 AM
Real Estate Market Report West San Gabriel Valley November, 2009 Pasadena, Altadena, South Pasadena, and San Marino Looking at the last few 12 months it appears that the area peaked in June and has been on a slow decline back to where we were in May. The Market Activity Index dropped 8 points, the a fairly significant decrease, returning the area to it's trendline. Some other areas have spiked UP due to buyers taking advantage of the First Time Home Buyer Income Tax Credit, however this area has not. The good news for buyers is that the downward … (0 comments)
Market Index - .0.46, down 3 points A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. Index is at 0.46 down from last months .49 Last year the index was 0.28. The first decline in five months.
New Listings - 203 new listings, up from last month's 177. Last year there were 124.
Market Index - .0.49, up 4 points A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. This is the 4th consecutive monthly increase. Last year the index was 0.28.
New Listings - 177 new listings, down from last month's 204. Last year there were 234.
Pending Listings - 112 listings opened escrow, compared to 151 last month, versus 107 last year. … (0 comments)
Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index increased from 0.20 to 0.29, mirroring the shift in December. Last year the index was 0.17. New Listings - 204 new listings, even with last month's 199. Last year there were 319. Pending Listings - 116 listings opened escrow, compared to 88 last month, versus 67 last year. Pending Ratio … (0 comments)
Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market. September marks the eighth month in a row that the Market Index has increased to 0.32. A year ago it was 0.26.
New Listings In September 244 new listings, compared to 156 in August, last year there were 230.
Pending Ratio New homes entering escrow are indicators of future sales. This month we had 0.46, compared with last year’s 0.18. … (0 comments)
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