Altadena Real Estate Report May 2013
Housing market continues to be strong in Altadena and the surrounding cities such as Pasadena, La Canada Flintridge, and Sierra Madre. The price per SF (square feet) has inched up from $357.39 per SF to $365.00 per SF in May.
May Sold properties
Total number of homes closed escrow: 39 properties (single family homes)
Number of homes sold at list or over: 29 properties
Average price per square feet: $365.00
Average original list price: $602,649
Average list price: $597,268
Average sale price: $612,208
Average days on market: 36 days
Average cumulative days on market: 49 days
Highest sold price: $1,595,000 (1009 New York Drive. 4 Bedrooms, 3 Bathrooms. Built in 1917. 3419 Square Feet taped. 23,033 Square Feet lot public record)
Lowest sold price: $230,000 (334 Ventura. 2 Bedrooms, 1 Bathroom. Built 1953. 763 Square Feet public record. 9431 Square Feet lot public record.)
May New Listings
Total number of new and re-listed listings : 13 properties
Average price per square feet: $434.40
Average original price: $862,450
Highest list price: $2,195,000 (2310 Midlothian Drive. 3 Bedrooms, 2 Bathrooms. Built 1925. 3201 Square Feet Taped. 37,000 Square Feet lot public record.)
Lowest list price: $495,000 (1086 Hollygrove Lane. 3 Bedrooms, 1 Bathroom. Built 1952. 995 Square Feet public record.)
More on Real Estate…
We are continuing to see multiple offers on new listings. Many new listings provide buyers to preview the home at Broker’s Open House and Public Open House. Most new listings provide specific date to which the offers will be reviewed by the seller. Homes listed in the desirable areas with competitive price typically go under contract in less than a week.
According to the California Association of Realtors, the statewide median price of an existing, single-family detached home rose 3.6 percent. In April the median price was $402,760 to May’s median price of $417,350.
Mortgage ending 6/6/2013 (Source CAR Newsline, Freddie Mac)
30-yr. fixed: 3.98% fees/points: 0.7%
15-yr. fixed: 3.10% fees/points: 0.7%
Search for all Pasadena and Altadena active listings here!
