As the real estate market in Altadena, California, continues to capture attention, let’s break down the data for the past two months to provide a clearer picture of home listings, prices, and sales.
August 14 Stats:
- Homes for sale: 27
- Median list price: $1,399,999
- Average price per square foot: $734
- Homes sold (last 30 days): 26
- Median sale price: $1,370,000
- Average market time: 30 days
July 14 Stats:
- Homes for sale: 31
- Median list price: $1,309,500
- Average price per square foot: $729
- Homes sold (last 30 days): 27
- Median sale price: $1,095,000
- Average market time: 22 days
Key Changes and Insights:
- Inventory Shift: The number of homes available for sale decreased from 31 in July to 27 in August, suggesting potential shifts in market dynamics.
- Price and Value: August saw a slight increase in the median list price, reflecting growing seller confidence, while the median sale price remained consistent.
- Market Time: The average time homes spent on the market increased by 8 days in August compared to July, indicating a possible shift in buyer behavior or market conditions.
Conclusion:
Altadena’s real estate market remains robust and appealing, drawing both buyers and sellers into its dynamic landscape. With decreased available homes and a nuanced interplay between list and sale prices, Altadena showcases its resilience and stability. As the market continues to evolve, keeping an eye on these trends will be valuable for anyone navigating the Altadena real estate journey.
Altadena Market at a Glance: A Comparative Analysis of August 14 and July 14 Stats
Posted on August 14, 2023