Altadena Report

There were 9 new listings that came to market this week, bringing the total number of active listings to 28. Between all 28 active listings, prices ranged from $595k on the low end, all the way up to $4.675M on the high end. Additionally, there is one more non-conforming listing that needs mentioning – a small cabin with a land lease located in Millard Canyon. At only $329k this might be interesting, even if you don’t own the land. 1 property expired this week, and 1 went pending. And regarding new closed sales, there were 3. The lowest priced sale was $705k for a 3 bed 2 bath home at roughly 1300 sqft., which was move in ready, but could use some updating. The highest priced sale was $1.737M and sold for almost $200k over list price. This again was an updated Spanish Revival home, proving once again that Altadenans are willing to pay for classic architecture.

SUMMARY:

New Listings. 9
Total Actives. 28
Lowest Priced Listing. $595k
Highest Priced Listing. $4,675M
Honorable Mention. $329K Cabin with Land Lease)
Least Expensive Sold. $705,000
Most Expensive Sold. $1,737,000

This is the first in a series of weekly video reports, detailing the real estate activity in the city of Altadena, CA. This week there were 3 listings that went pending, 1 that expired, and most importantly, 11 listings that closed. Sales prices ranged from $680,000 for a small, but charming 2 bedroom/1 bath, 960 square foot home all the way up to $1,368,000 for a beautifully restored Spanish Revival home. This 3 bedroom/2 bath,1672 square foot home went pending in escrow in only 7 days! This was partly due to the abundance of charm and character, as well as to the low interest rate environment and painfully low inventory.

Lowest Sales Price – $680,000

Highest Sales Price – $1,368,000

Total Closed Sales – 11

Total Expired Listings – 1

New Pending Sales – 3