Altadena homes are selling. Home prices have increased compared to just six months ago, and we are still struggling with low inventory. However, we definitely saw a huge increase in new listings the last few weeks. I am seeing more people previewing homes and attending open houses in Altadena too. The home prices are definitely competitive in Altadena versus Pasadena. Let us see the stats for March 2013.
Altadena Real Estate Market Information for March 2013
Total number of homes closed escrow: 44 properties
35 homes sold at or over the list price
Average price per SF: $373.90
Average original list price: $611,323
Average area list price: $600,020
Average selling price: $620,058
Highest sold price: $1,450,000
Lowest sold price: $310,000
Average property square ft: 1,773
Average day on market/ cumulative days on market: 44 days/ 60 days
Average selling price % VS list price: 103%
Highest Priced Sold Home: 1864 Midlothian Drive. MLS#22172664. The home was listed at $1,195,000. 4 bedrooms & 3 bathrooms. Built in 1928. 3,214 SF and a large lot of 31,899 SF. The home is located in a very sought after neighborhood of NE Altadena. This is a property with super potential and to be a fabulous, showcase home.
Lowest Priced Sold Home: 2283 El Sol Avenue. MLS#P843478. The home was listed at 305,000. 2 bedrooms & 1 bathroom. Built in 1951. 674 SF and lot size of 10,764 SF. A starter home with many new upgrades, such as stainless steel appliances, granite counter tops, new flooring, and professionally landscaped yard. A home ideal for first time buyer. Situated near JPL and trails.
Statistics are from I-Tech MLS.