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Market Update

End of May 2023

Pasadena + Arcadia. Altadena, Monrovia, San Marino Sierra Madre + Temple City

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Pasadena

ACTIVE LISTINGS

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

May 2022

May 2023

Apr 2023

May 2022

143

119

176

86

91

116

32

18

30

25

27

24

22

24

23

26

15

20

16

30

25

20.2% MoM

5.8%

MoM

6.7%

MoM

20.7%

MoM

0%

MoM

20%

MoM

13%

MoM

COLLECTIVE

10.8% INCREASE

Month over Month

10.7% DECREASE

Year over Year

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Pasadena

UNITS SOLD

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

May 2022

May 2023

Apr 2023

May 2022

105

79

176

34

44

58

21

43

15

8

20

24

25

16

13

16

3

5

16

14

40%

MoM

COLLECTIVE

27.8% INCREASE

Month over Month

31% DECREASE

Year over Year

66.7%

MoM

May 2023

Apr 2023

May 2023

May 2022

46%

MoM

23.1%

MoM

May 2022

29.4%

MoM

20%

MoM

75%

MoM

May ’22: 326

Apr '23: 176

May ‘23: 225

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Pasadena

PENDINGS

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

May 2022

May 2023

Apr 2023

May 2022

78

103

129

39

42

56

23

32

15

9

25

24

21

26

14

18

16

3

8

13

53.3%

MoM

COLLECTIVE

0.5% DECREASE

Month over Month

28.9% DECREASE

Month over Month

300%

MoM

May 2023

May 2022

24.3%

MoM

28.6%

MoM

May 2022

7.7%

MoM

19%

MoM

30.8%

MoM

207 Pendings

120 In Pasadena and Arcadia

12

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AREA Active Listings vs. Solds

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INTEREST RATES vs. SOLDS

Interest Rates

Solds

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Pasadena

DAYS ON MARKET

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

May 2022

May 2023

May 2022

COLLECTIVE

19.2%

INCREASE

Year over Year

May 2023

May 2022

38.9%

MoM

11.1%

MoM

367%

MoM

25%

MoM

88.2%

MoM

May 2023

May 2022

39%

MoM

48.3%

MoM

36

10

39

20

36

40

12

56

21

25

31

46

17

32

31

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Pasadena

MEDIAN LIST PRICE

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

May 2022

May 2023

Apr 2023

May 2022

1.25 M

1.39 M

1.29 M

1.92 M

1.83 M

2.03 M

1.31 M

1.29 M

1.2 M

3.98 M

1.05 M

874 K

1.05 M

1.09 M

1.05 M

1.25 M

1.38 M

1.84 M

2.99 M

3.79 M

3.89M

10.7%

MoM

9.4%

MoM

2.1%

MoM

COLLECTIVE

9.2% DECREASE

Month over Month

NO CHANGE

Year over Year

4.4%

MoM

0%

MoM

7.7%

MoM

May 2023

Apr 2023

May 2022

14.1%

MoM

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Pasadena

MEDIAN SELL PRICE

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

May 2022

May 2023

Apr 2023

May 2022

1.08 M

1.06 M

1.27 M

1.46 M

1.54 M

1.3 M

1.16 M

1.29 M

1.39 M

2.57 M

843 K

874 K

930 K

1.25 M

1.14 M

1.22 M

1.57 M

2.1 M

1.96 M

2.94 M

2.49 M

1.8% MoM

16.8%

MoM

3.3%

MoM

COLLECTIVE

7.1 INCREASE

Month over Month

4.0% DECREASE

Year over Year

10.3%

MoM

9.4%

MoM

6.6%

MoM

May 2023

Apr 2023

May 2022

7.1%

MoM

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AREA List Price vs. Sell Price

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PRICE REDUCTIONS !

Pasadena

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

6

13

19

1

14

17

1

3

2

0

1

3

2

4

01

2

4

1

Active Listings, May '23: 260

No. of Price Reductions: 43 | 16.3%

Jun Price Reductions TD: 15 | 34% (Last Month)

Price Reduction Percentage: 5.02%

May '23

Apr '23

Feb '23

May '22

0

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E X P I R E D S !

Pasadena

Arcadia

Altadena

Monrovia

San Marino

Sierra Madre

Temple City

7

5

8

15

0

1

5

1

2

0

2

1

0

2

0

Active Listings, May '23: 360

No. of Expireds, May '23: 22 | 6.1%

Jun ‘23 Expireds TD: 14

May '23

Apr '23

Feb '23

Apr '22

0

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We saw a May spike in Active Listings!

Sold Units increased nearly 30% in the past month, surpassing

the rate of increase in Listings three-fold,

where Pendings seemingly held steady.

Interest Rate increases are slowing but the higher interest rates

had no ill effects on May’s home sales

Regarding Days on Market, it’s taking – on average – 31 days

to get a listing into escrow. That’s 4-1/2 weeks.

WHAT DO WE KNOW?

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Median List Prices are falling,

by about 9% compared to last month.

Median Sell Prices are up 7% compared to last month.

Price Reductions are diminishing

but when they do occur, they’re averaging a 5% decrease.

Expireds appear to have returned – or are returning – to

a 5% market normalcy. 6% of all Listings expired in May.

WHAT MORE DO WE KNOW?

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Thank you :-)