{"id":9391,"date":"2011-06-18T18:16:40","date_gmt":"2011-06-19T00:16:40","guid":{"rendered":"http:\/\/www.pasadenaviews.com\/?p=9391"},"modified":"2015-07-23T12:50:01","modified_gmt":"2015-07-23T19:50:01","slug":"real-estate-trends-altadena","status":"publish","type":"post","link":"https:\/\/www.pasadenaviews.com\/real-estate-trends-altadena\/","title":{"rendered":"Altadena – May Trends in Real Estate"},"content":{"rendered":"

Altadena Real Estate Market: <\/strong>When the housing market peaked back in 2006, no one really thought about a long housing bust<\/a><\/strong> lasting up to 5 years.\u00a0 However, we are seeing indications that it’s a great time to buy. <\/strong><\/em> Why?\u00a0 For starters, the mortgage interest rate <\/a><\/strong>has been around 4.5% the first week of June 2011.\u00a0 And, the lower home prices make it affordable for buyers\u00a0who have been carefully waiting on the side lines.<\/p>\n

Data\u00a0for Altadena in the month of May: <\/strong>(data from I-Tech MLS)<\/p>\n

105 properties were available for sale.<\/strong><\/em><\/p>\n

36 properties were sold, and 31 homes went into contract (escrow).<\/strong><\/em><\/p>\n

Compare to the month of April,\u00a0 for sale units went up 9.4%.\u00a0 Sold units increased by 38.5%.<\/span><\/strong><\/em><\/p>\n

Months of inventory fell from 3.7 months in April to 2.9 months in May, a change of 21.6%.<\/strong><\/em><\/p>\n

\"Homes<\/a><\/em><\/p>\n

\"Altadena<\/a><\/p>\n

 <\/p>\n

The most expensive home sold in Altadena was 2230 Midlothian Drive.<\/strong><\/em><\/p>\n

4 Bedrooms, 3.75 Bathrooms<\/strong><\/em><\/p>\n

6,302 Square Feet Living area<\/strong><\/em><\/p>\n

30,736 Square Feet Lot size<\/strong><\/em><\/p>\n

Sold Price: $2,245,000<\/strong><\/em><\/p>\n

Listing\/photo courtesy of Richard Kasten & Christina Ziesman (Podley Properties)<\/em><\/p>\n

\"Beautiful<\/em><\/a><\/p>\n

Grandeur is yours with this 2 story home on Altadena’s most prestigious street, designed by C.A. Stoddard AIA & built in 2007 by Pierce Construction. A grand two story foyer greets you upon entering this 6300 plus square foot home. Architectural details abound, with oak hardwood floors, deep crown & base moldings, high ceilings, plantation shutters, polished nickel hardware & beautiful cabinetry everywhere. The huge kitchen has all Viking appliances, walk-in pantry & plenty of storage. Enormous family room. Formal living & dining rooms. Home office. Mud room. 4 large upstairs bedrooms, including a master suite with 2 walk-in closets & French doors leading to a balcony looking over the park like back yard. The master bath, with marble flooring & counters, spa tub & spacious shower, is one of 5 bathrooms. Large upstairs laundry room with granite counters. 4 separate HVAC zones makes the home comfortable & economical. Behind the home is a 4 car garage. This home is a gem in every way!<\/p><\/blockquote>\n

Are you interested in seeing properties which have sold in Altadena?\u00a0 Below are list of homes which have closed escrow.\u00a0 The information is updated automatically.<\/p>\n