New Downward Trend in Home Sales for Sierra Madre Real Estate Market

A three-week rough patch for the overall sales trend continues in the Sierra Madre market. On a positive note, the number of sales actually rose 27.3% over the last 30 days to hit 14. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price dropped to $845,000, down from last week's $900,000. The rising sales and a low three months of inventory point to Sierra Madre being a seller's market.

Trying to find a home at a bargain price? Take a look at these affordable homes in Sierra Madre:

$575K   $699K   $699K  

Get started right now by checking out Sierra Madre homes for sale or reviewing Sierra Madre real estate trends.

Demographic facts for Sierra Madre:

  • The average age is 46 years old for the population in this area.
  • The area's health cost index score is 110.6. (100 = national average)
  • The commute times can range from: <15 min (23.1%), 15-29 min (39.8%), 30-44 min (16.4%), 45-59 min (9.4%), >60 min (11.3%).

Data reported through 6/14/2017

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Calvin Chow., Broker
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Podley Properties
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