Monday November 30, 2009

Your Local Executive PASADENA, CA 91101

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 697,000 ≠≠
Asking Price Per Square Foot $ 395 ±+
The median list price in PASADENA, CA 91101 this week is Average Days on Market (DOM) 119 ==
$697,000.
Percent of Properties with Price Decrease 33 %
Percent Relisted (reset DOM) 17 %
Days-on-market has been trending up recently but the Market
Action Index and inventory levels are basically flat and not Percent Flip (price increased) 0%
providing strong indications for the market. Median House Size (sq ft) 2326
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.5
Median Number of Bathrooms 1.0

Supply and Demand Market Action Index Strong Buyer's 7.7 ±+

The market has settled in at a relative stasis in inventory and ±+ No change == Strong upward trend ≠≠ Strong downward trend
sales conditions. It's a Buyer's market that has seen prices trend
lower. Expect that consistent up trends in demand will be
= Slight upward trend ≠ Slight downward trend
required before price trends change significantly.

Price
Market Action Index Prices in this zip code have been on a downward trend recently
and this week, while essentially flat, doesn't break us out of that
cycle.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,080,000 2844 8,000 sqft 5.0 2.0 105 1 0 0 42 Most expensive 25% of properties

8,001 -
Upper/Second $ 992,000 2408 10,000 sqft 5.0 1.0 103 1 0 0 329 Upper-middle 25% of properties

4,501 -
Lower/Third $ 697,000 2523 6,500 sqft 5.0 1.8 108 2 0 0 112 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 515,000 924 4,500 sqft 2.0 1.0 97 2 0 0 60 Least expensive 25% of properties

Pickford Escrow

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