{"id":13909,"date":"2012-10-17T15:35:42","date_gmt":"2012-10-17T21:35:42","guid":{"rendered":"http:\/\/www.pasadenaviews.com\/?p=13909"},"modified":"2013-09-13T22:38:20","modified_gmt":"2013-09-14T05:38:20","slug":"altadena-real-estate-third-quarter-of-2012","status":"publish","type":"post","link":"https:\/\/www.pasadenaviews.com\/altadena-real-estate-third-quarter-of-2012\/","title":{"rendered":"Altadena Real Estate Third Quarter of 2012"},"content":{"rendered":"

Altadena Real Estate Report from July 2012 through September 2012<\/em><\/span><\/h3>\n

The months of July, August and September are busy real estate months in Altadena. \u00a0We shall see how Altadena<\/a>\u00a0scored in the third quarter of 2012.<\/p>\n

In July, we had 59 homes for sale, and 48 new listings<\/em><\/strong> were introduced to the market. \u00a0August was\u00a05<\/strong>2 homes and 38 new listings<\/strong><\/em>. \u00a0September, the for sale went up to 62 homes and 48 new listings.<\/em><\/strong><\/p>\n

Total of 111 homes<\/strong> <\/em>went into escrow. \u00a0Total of 102 home<\/em><\/strong>s were sold in the 3rd quarter. \u00a0There were less than two months of inventory.<\/p>\n

The average active price ~ July\/ $846,000, August\/ $753,000, September\/ $712,000.<\/em><\/strong><\/p>\n

The average original list price ~ July\/ $527,000, August\/ $513,450, September\/ $676,600.<\/em><\/strong><\/p>\n

The average square feet price ~ July\/ $334, August\/ $309, September\/ $286<\/em><\/strong>.<\/p>\n

17 propertie<\/strong><\/em>s were sold at\/or over list price in July and September.<\/p>\n

28 properties<\/strong><\/em> were sold at\/or over list price in August.<\/p>\n

Market Trend Data:<\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/em><\/td>\nJuly 2012<\/strong><\/td>\nAugust 2012<\/strong><\/td>\nSeptember 2012<\/strong><\/td>\n<\/tr>\n
For sale<\/em><\/td>\n59<\/td>\n52<\/td>\n62<\/td>\n<\/tr>\n
New listings<\/em><\/td>\n48<\/td>\n38<\/td>\n48<\/td>\n<\/tr>\n
Pended<\/em><\/td>\n33<\/td>\n36<\/td>\n42<\/td>\n<\/tr>\n
Sold<\/em><\/td>\n31<\/td>\n37<\/td>\n34<\/td>\n<\/tr>\n
Month of inventory based <\/em>on closed sale<\/em><\/td>\n1.9<\/td>\n1.4<\/td>\n1.8<\/td>\n<\/tr>\n
Absorption rate based on <\/em>closed sale (%)<\/em><\/td>\n52.5<\/td>\n71.2<\/td>\n54.8<\/td>\n<\/tr>\n
Average Active price<\/em><\/td>\n$846,000<\/td>\n$753,000<\/td>\n$712,000<\/td>\n<\/tr>\n
Average Sold Price<\/em><\/td>\n$521,000<\/td>\n$511,000<\/td>\n$625,000<\/td>\n<\/tr>\n
Average Sq. Ft. Price<\/em><\/td>\n$334<\/td>\n$309<\/td>\n$286<\/td>\n<\/tr>\n
Sold to original list price<\/em>difference (%)<\/em><\/td>\n99<\/td>\n100<\/td>\n92<\/td>\n<\/tr>\n
Average Days on Market<\/em><\/td>\n55<\/td>\n64<\/td>\n86<\/td>\n<\/tr>\n
Median Price<\/em><\/td>\n$480,000<\/td>\n$425,000<\/td>\n$445,000<\/td>\n<\/tr>\n
Highest Price<\/em><\/td>\n$965,000<\/td>\n$1,450,000<\/td>\n3,975,000<\/td>\n<\/tr>\n
Lowest Price<\/em><\/td>\n$263,000<\/td>\n$225,555<\/td>\n$265,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/h3>\n

The least expensive home sold:<\/h3>\n

<\/h3>\n\n\n\n\n\n\n
Month<\/em><\/td>\nAddress<\/strong><\/td>\nBed\/Bath<\/strong><\/td>\nSQ FT<\/strong><\/td>\nLot Size<\/strong><\/td>\nYear<\/strong><\/td>\n<\/tr>\n
July<\/em><\/td>\n2508 La Venzia ($263,000)<\/td>\n2\/1<\/td>\n1003<\/td>\n3228<\/td>\n1926<\/td>\n<\/tr>\n
August<\/em><\/td>\n2206 Spaulding($225,555)<\/td>\n2\/1<\/td>\n878<\/td>\n4927<\/td>\n1041<\/td>\n<\/tr>\n
September<\/em><\/td>\n140 W Terrace($265,000)<\/td>\n3\/1<\/td>\n1196<\/td>\n6558<\/td>\n1923<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/h3>\n

<\/h3>\n

The highest priced home sold:<\/h3>\n\n\n\n\n\n\n
Month<\/em><\/td>\nAddress<\/strong><\/td>\nBed\/Bath<\/strong><\/td>\nSQ FT<\/strong><\/td>\nLot Size<\/strong><\/td>\nYear<\/strong><\/td>\n<\/tr>\n
July<\/em><\/td>\n2150 Holliston($965,000)<\/td>\n4\/4<\/td>\n3076<\/td>\n18,596<\/td>\n1911<\/td>\n<\/tr>\n
August<\/em><\/td>\n3917 Lilac Canyon ($1,450,000)<\/td>\n6\/6<\/td>\n5128<\/td>\n7524<\/td>\n2001<\/td>\n<\/tr>\n
September<\/em><\/td>\n1369 E Altadena ($3,975,000)<\/td>\n7\/8<\/td>\n12,828<\/td>\n68,953<\/td>\n1915<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

As I mentioned in the last\u00a0Market Trend Report<\/a>, there are many\u00a0buyers looking to purchase a hom<\/a>e. \u00a0The low inventory is making it very challenging for many first time home buyers, especially dealing with multiple offer situations and competing with all cash buyers. \u00a0I recommend working with your Realtor in writing a strategically prepared offer. \u00a0Lastly, make sure you have a homebuyer’s consultation. \u00a0The education you obtain from the usually free, no obligation, consult will allow you to make smart decisions and eliminate surprises during the escrow period.<\/p>\n

Register for free<\/span> to get all the listings from the\u00a0Multiple Listing Service right here.<\/a><\/strong><\/em><\/p>\n