Altadena Real Estate Market: When the housing market peaked back in 2006, no one really thought about a long housing bust lasting up to 5 years. However, we are seeing indications that it’s a great time to buy. Why? For starters, the mortgage interest rate has been around 4.5% the first week of June 2011. And, the lower home prices make it affordable for buyers who have been carefully waiting on the side lines.
Data for Altadena in the month of May: (data from I-Tech MLS)
105 properties were available for sale.
36 properties were sold, and 31 homes went into contract (escrow).
Compare to the month of April, for sale units went up 9.4%. Sold units increased by 38.5%.
Months of inventory fell from 3.7 months in April to 2.9 months in May, a change of 21.6%.
The most expensive home sold in Altadena was 2230 Midlothian Drive.
4 Bedrooms, 3.75 Bathrooms
6,302 Square Feet Living area
30,736 Square Feet Lot size
Sold Price: $2,245,000
Listing/photo courtesy of Richard Kasten & Christina Ziesman (Podley Properties)
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!
Are you interested in seeing properties which have sold in Altadena? Below are list of homes which have closed escrow. The information is updated automatically.
