Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Sunday, February 23, 2025

Altadena home and land statistics, values, prices, ages, sizes by Mary Cummins real estate appraiser

altadena, california, home sales, home values, mary cummins, real estate appraiser, real estate appraisal, eaton fire, fire appraisal, post fire appraisal, valuation


Here are some housing statistics for Altadena, California. This is the result of an MLS search for all homes sales for 12 months from 01/06/2024 to 01/06/2025 in Altadena up to the day before the Eaton fire started. One reason why so many homes burned is the median age of the homes. Median age was 78. Median year built was 1947. In 2010 California passed mandatory building standards for all new homes in wildfire zones. Those regulations prevented some homes from being destroyed. Many say fire resistant retrofitting should be mandatory for new and existing homes in these areas. Others say it's too cost prohibitive to force people to change their roof, siding, windows, doors, fences... Those regulations would have saved lives and probably would have saved most of the homes.

There were 291 home sales in Altadena during the search period. Prices range from $300K to $5M. Median $1,350,000.  Average $1,466,000. Minimum size two beds, one bath. Maximum 7 beds, 9 baths. Average size 3 beds, 2.5 baths 1,887 sf $1.466M. Median 3 bed, 2 bath 1,645 sf $1.35M. There were only three land sales for about $750-780K. 

Based on 1004MC data sales and list prices were both decreasing in the previous 12 months. End of year is always the slow seasonal time when homes sell for less. Still, median sale and list prices were decreasing before the seasonal slow period. The increasing interest rates had a big effect in this area. It could also be that more recent sales were fixers. 

7-12 months, 4-6 months, 3 months to end of search time.
Median Comparable Sale Price 1,404,000 1,350,000 1,250,000
Median Comparable List Price (All) 1,300,000 1,299,000 0

Homes were selling over list price.
Median Sale Price / Median List Price % 113.26% 104.25% 104.17%

Currently burned destroyed single family homes, land are listed post fire for $350K to $750K. This is at least 40-50% below median pre-fire land value and less than half of pre-fire home value. Anyone who buys the land still has to clear and test it. New homes must be built to current code. It will take months to clear the land before any construction can begin. Obviously land values vary by size, location, view, shape... These are not cookie cutter lots. There are some pending $479K to $750K median $572K. The destroyed land value properties are listed in land and home sales so search both at once.

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary, Cummins, #marycummins #animaladvocates #losangeles #california #wildlife #wildliferehabilitation #wildliferehabilitator #realestate #realestateappraiser #realestateappraisal #lawsuit real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, certified, single family, condo, condominium, pud, hud, fannie mae, freddie mac, fha, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, brea insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, 1073, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls, historical appraisal, facebook, linkedin

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