Local Housing statistics for the Foothills from Shadow Hills, La Crescenta, Altadena, Pasadena, and Glendale. This a good comparison to understand why I keep saying inventory is so low.
The current housing market data indicates a significantly low number of active and under-contract properties, leading to a highly competitive market for buyers. In addition, many buyers are submitting multiple offers to secure a property, further intensifying the competition. The lack of inventory is evident when looking at the low number of closed sales for the 2023 date range listed in the stats below. To put this into perspective, sellers should compare the number of active sales and sold properties to the total number of single-family homes in their area. You’ll instantly realize how low the inventory truly is. As a seller, this may be the time to consider listing your home for sale. Overall, the housing market’s current state highlights the need for sellers to act quickly and take advantage of the low competition to sell their properties
Glendale 91206
Total single-family homes: 6,891
Currently for sale: 8
Currently under contract: 12
From January 1 – March 17, 2023: 10 homes have sold.
Average total market time (from listing in MLS to closing) is 51 days.
Glendale 91207
Total single-family homes: 3,197
Currently for sale: 4
Currently under contract: 3
From January 1 – March 17, 2023: 13 homes have sold.
Average total market time (from listing in MLS to closing) is 40 days.
Glendale 91208
Total single-family homes: 5,139
Currently for sale: 2
Currently under contract: 13
From January 1 – March 17, 2023: 9 homes have sold.
Average total market time (from listing in MLS to closing) is 57 days.
La Canada- Flintridge 91011
Total single-family homes: 7,068
Currently for sale: 16
Currently under contract: 11
From January 1 – March 17, 2023: 19 homes have sold.
Average total market time (from listing in MLS to closing) is 54 days.
La Crescenta-Montrose 91214 & 91020
Total single-family homes: 11,360
Currently for sale: 15
Currently under contract: 12
From January 1 – March 17, 2023: 36 homes have sold.
Average total market time (from listing in MLS to closing) is 38 days
Northwest Pasadena 91103 and 91104
Total single-family homes: 14,462
Currently for sale: 24
Currently under contract: 16
From January 1 – March 17, 2023: 27 homes have sold.
Average total market time (from listing in MLS to closing) 65 days
Shadow Hills 91040
Total single-family homes: 1,899
Currently for sale: 7
Currently under contract: 4
From January 1 – March 17, 2023: 4 homes have sold.
Average total market time (from listing in MLS to closing) is 42 days
Sunland 91040
Total single-family homes: 4,480
Currently for sale: 10
Currently under contract: 15
From January 1 – March 17, 2023: 13 homes have sold.
Average total market time (from listing in MLS to closing) is 50 days.
Tujunga 91042
Total single-family homes: 7,211
Currently for sale: 19
Currently under contract: 15
From January 1 – March 17, 2023: 22 homes have sold.
Average total market time (from listing in MLS to closing) is 47 days
Suppose you are considering selling or buying a property in this challenging market. In that case, working with an experienced real estate agent who understands the current trends and can guide you through the process is crucial. Robbyn Battles is a trusted real estate professional with over 20 years of experience in the industry, serving clients throughout the San Fernando Valley and surrounding areas. She is dedicated to providing personalized service, expert guidance, and practical strategies to help clients achieve their goals. Robbyn can help you navigate this challenging market and achieve the best possible outcome with her in-depth knowledge of the local market and her commitment to client satisfaction. Contact Robbyn Battles at 818-388-1631 to discuss your real estate needs and start your journey toward a successful transaction.