Alhambra, CA Real Estate Market & Area Information Stacy Pearson, September 7, 2023September 7, 2023 Alhambra, CA is a sought-after city with a flourishing real estate market. In July 2023, homes in Alhambra were typically sold for around the asking price, as indicated by the average sale-to-list price ratio of 101.01%. With high demand and limited housing supply, the city has become a seller’s market. Despite a slight increase in median days on the market, Alhambra boasts top-rated schools and a wide range of amenities, making it an appealing location for both homebuyers and renters. Real Estate Market Overview in Alhambra, CA In July 2023, homes in Alhambra, CA sold for approximately the asking price on average, indicating a strong real estate market in the city. This presents promising real estate investment opportunities for potential buyers. The housing market trends in Alhambra, CA suggest a seller’s market, with high demand and low housing supply. The average sale-to-list price ratio in Alhambra, CA is 101.01%, further highlighting the favorable conditions for sellers. Additionally, the median days on market for homes in Alhambra, CA is 33 days, indicating a relatively quick turnover. Although there has been a slight increase in the median days on market since last month, it has slightly decreased compared to the previous year. These trends suggest a stable and attractive real estate market in Alhambra, CA. Impressive Sale-to-List Price Ratio in Alhambra, CA The average sale-to-list price ratio in Alhambra, CA’s current real estate market is an impressive 101.01%. This indicates that homes in Alhambra, CA are selling for slightly above their listing price on average. The high sale-to-list price ratio suggests strong demand and limited housing supply in the area. With more buyers than available homes, sellers have the advantage in negotiations. This seller’s market condition can lead to multiple offers and bidding wars, driving up prices. Homeowners in Alhambra, CA can take advantage of this trend by listing their properties at competitive prices and potentially fetching higher offers. However, for buyers, it may mean facing more competition and potentially having to offer above the asking price to secure a home in this desirable city. High Demand and Low Supply in Alhambra’s Seller’s Market Buyers in Alhambra are facing intense competition due to high demand and limited housing supply. Alhambra’s competitive housing market has created a seller’s market, where sellers have the upper hand in negotiations. With an average sale-to-list price ratio of 101.01%, homes in Alhambra are selling for close to their asking prices. This indicates the strong demand from buyers. Additionally, the median days on market for homes in Alhambra is 33 days, showing that properties are being snatched up quickly. Despite the challenges for buyers, Alhambra’s real estate investment opportunities are worth considering. The city’s thriving real estate market and the desirability of the area, fueled by top-rated schools and abundant amenities, make Alhambra an attractive place to invest in properties. However, buyers should be prepared for the competitive nature of the market and act swiftly to secure their desired property. Median Days on Market: A Quick Turnaround in Alhambra, CA Properties in Alhambra, CA have a quick turnaround, with the median days on market being 33 days. This means that on average, homes in Alhambra are sold within a month of being listed. The trend for median days on market has seen a slight increase since last month, but it has decreased compared to last year. One factor that contributes to the desirability of homes in Alhambra is the presence of top-rated schools. Alhambra is home to public schools that are rated good and higher by GreatSchools, which evaluates school quality based on indicators such as test scores and college readiness. The quality of schools in an area often has a positive impact on home prices, making Alhambra an attractive location for families looking for quality education for their children. Top-Rated Schools Enhancing Alhambra’s Appeal GreatSchools’ ratings help families evaluate the quality of education in Alhambra, supporting the city’s appeal. Alhambra’s education system boasts several top-rated public schools, providing parents with options for their children’s education. These ratings are based on school quality indicators such as test scores and college readiness. By considering these indicators, families can make informed decisions about their children’s education. Alhambra’s high-quality schools contribute to the desirability of the area, attracting families who prioritize education. GreatSchools’ ratings serve as a valuable resource for parents, offering them insight into the educational opportunities available in Alhambra. With a focus on objective evaluation, these ratings help families understand the strengths of the city’s education system and make informed choices for their children’s future. Alhambra’s Abundance of Amenities Residents of Alhambra, California, can enjoy a wide range of amenities such as numerous grocery stores, cafes, restaurants, and upcoming parks and gyms. Alhambra’s local businesses contribute to the vibrant community and provide residents with convenient shopping options. From popular grocery stores like Smart & Final Extra! and Food 4 Less to the countless cafes and restaurants in the area, Alhambra offers a diverse culinary scene. In addition to these everyday amenities, the city is also focused on providing recreational spaces for its residents. Upcoming parks and gyms will further enhance the quality of life in Alhambra, providing opportunities for outdoor activities and exercise. Overall, the abundance of amenities in Alhambra contributes to the city’s appeal and makes it a desirable place to live. Diverse Housing Options in Alhambra, CA A variety of housing options are available in Alhambra, catering to different preferences and budgets. The housing market in Alhambra is thriving, with a range of affordable options for prospective buyers and renters. The city offers a mix of single-family homes, townhouses, and apartments, providing residents with ample choices. The housing market trends in Alhambra indicate a high demand for housing and a competitive market. Sellers are often able to sell their homes for close to the asking price, reflecting the strong interest from buyers. However, despite the high demand, there are still opportunities to find affordable housing options in Alhambra. With careful research and the assistance of a knowledgeable real estate agent, individuals and families can secure a home that suits their needs and budget in this desirable city. Alhambra, CA: A City Worth Exploring With its diverse housing options and an abundance of amenities, Alhambra, CA offers a vibrant and attractive environment for individuals and families. But beyond its real estate market, this city has much more to offer. Exploring Alhambra’s cultural scene is a treat for those seeking art and history. The city boasts a rich history and architecture that can be seen in its well-preserved buildings and landmarks. From the stunning Alhambra High School Auditorium, a Spanish Renaissance-style gem, to the beautiful San Gabriel Mission, a historic landmark dating back to 1771, Alhambra’s architectural heritage is truly remarkable. Additionally, the city is home to various cultural events, such as art exhibitions and festivals, showcasing the vibrant and diverse community that resides here. Whether you’re interested in history, art, or simply experiencing the local culture, Alhambra is a city worth exploring. Blogging