Pasadena Real Estate

Inventory of San Gabriel homes has been pretty stable, but the number of sales has decreased over 50%.  Price per sq. ft. has dropped to $322 in October from $394 in August.  It takes close to 5 months to sell a San Gabriel home.  Based on the current sales rate, it will take almost 38 weeks to sell the existing inventory.

Lowest priced San Gabriel home on the market in October was 706 E Mision Road at $295,000.  It is a 2 bedroom and 2 bath home with 825 sq. ft.

Highest priced San Gabriel home on the market in October was 8300 Longden Avenue listed at $2,700,000.  It is a 3 bedroom, 4 bath home built in 1941.

See all San Gabriel Single Family Homes for Sale:

We are seeing more foreclosures or bank "real estate owned" homes coming up on the San Gabriel market.

Search all San Gabriel Foreclosures (Bank Owned - REOs):

San Gabriel Real Estate Market Statistics for August through October 2008:

Data taken from ITEC (Pasadena Foothills Association MLS service)

SEARCH SAN GABRIEL HOMES FOR SALE (Single Family Residences)

SEARCH SAN GABRIEL CONDOS AND TOWNHOMES FOR SALE

For weekly updates on San Gabriel real estate market activity, please feel free to request market analysis reports with detailed information at How is the Market button on this site.  These real-time real estatemarket reports are gathered and updated by Altos Research and will be emailed to you weekly with my compliments.

Posted by Irina Netchaev, Real Estate Agent

The median sales price in Alhambra in October is $525,000.  On average, Alhambra homes stayed on the market for 145 days before selling. 

Alhambra inventory is tightening and days on the market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

The ALHAMBRA market is currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 17. With several months of inventory available at the current sales rate, buyers should find ample choice. The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall.

Search Alhambra MLS (Multiple Listing Service) below:

Alhambra real estate trends and statistics for August through October 2008:

Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service)

I invite you to request Alhambra's real estate market real time reports by clicking How's the Market button on my real estate blog.  These reports are compiled by Altos Research and the analysis is emailed to you weekly.  I also offer real estate market reports for San Gabriel, San Marino, South Pasadena, Pasadena, Arcadia, Altadena, Monterey Hills and more.

If you would like to search for homes in Alhambra, please visit the free home search here on this real estate website.

For a private consultation about buying or selling your Alhambra home, or if you have other real estate related questions, I'd love to hear from you at 626.627.7107.

Posted by Irina Netchaev, real estate broker

Monterey Hills real estate is in a flux of confusion right now.  Even though the volume of available condos  and townhomes on the market is quite low, the prices are dropping at a rapid pace.  The area has been affected by a number of short sales and foreclosures that are pulling the sales prices down.  Buyers are taking a "wait and see" attitude.

It is now reasonable to expect to find a decent 2 bedroom condo with all the amenities for under $300,000.  Monterey Hills sellers are still hoping for the mid $300,000 where the majority of the condo listings are.  This will explain an average days on the market of the October condo listings of 142 days - over 3 months.  These condos are also listed at an average of $333 per sq. ft. vs. the sold price per sq. ft. of $268.  I don't see the market getting better for these sellers, but amazing opportunities exist for Monterey Hills condo buyers.

Search All Monterey Hills condos and Townhomes for Sale:

Monterey Hills Real Estate Statistics for August through October 2008:

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a Monterey Hills condominium or townhouse, please click on the search home link.

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here.  These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Monterey Hills Real Estate Agent                 626-627-7107         

South Pasadena real estate is still very much in demand and the homes are holding value.  The family atmosphere, wonderful South Pasadena schools and the limited inventory make homes that are prepared for sale and priced well quite in demand.

Single Family Homes in South Pasadena are selling at 94.84% of asking price.  Although one home sold $51,000 over asking at 106% of asking.

Condos and townhomes in South Pasadena are selling close to 97% of asking price.

The lowest priced South Pasadena home in October is at 1108 Foothill Street and is listed for $439,000.  It is a small (listed as having 755 sq. ft.) 2 bedroom, 1 bath.

The highest priced South Pasadena home is at 1133 Buena Vista Street with 7 bedrooms adn 7 baths and over 7,500 sq. ft.  This South Pas estate is listed at $3,600,000.

Read More:  South Pasadena City Guide - relocation guide for South Pasadena

Search all South Pasadena properties on the market below:

South Pasadena real estate and housing statistics for August through October 2008:

Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

CLICK HERE FOR A LIST OF ALL SOUTH PASADENA HOMES FOR SALE (Single Family Residences)

CLICK HERE FOR A LIST OF ALL SOUTH PASADENA CONDOS AND TOWNHOMES FOR SALE

South Pasadena real estate market activity with real time updated data can be found on Pasadena California Real Estate Blog's How is the Real estate Market tab.  These South Pasadena real estate housing reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Pasadena Real Estate Agent.

Arcadia home sales came to a standstill in October.  The number of new properties on the market increased for all categories - homes, condos and townhomes.  The total number of units increased and the absorption rate is the highest it's been in awhile.

Interestingly enough, when I am out looking for homes in Arcadia under $1 million with my clients, we are having a difficult time finding decent properties iln that less than $1 million range.  These homes tend to sell fairly quickly if they are in good condition and priced appropriately for the market.  The homes over $1 million are being marketed much longer even if the price per square foot is reasonable.  Partly, this has to do with the difficulty of obtaining financing and the higher down payment requirements that banks are requiring Arcadia buyers to put down. 

Read More:  California Housing Outlook by CAR (California Association of Realtors) Chief Economist

Back to statistics - Arcadia homes that are currently offered for sale are priced at an average of $451 per square foot.  The solds tell the story of why these homes are sitting on the market for so long - Arcadia homes that closed escrow, sold for $378 per sq. ft. in October.  There are also 6 foreclosures or bank owned properties available for Sale in Arcadia now.

The lowest priced Arcadia home on the market in October was 11314 E La Rosa Street.  It is offered at $410,000 and has 3 bedrooms and 2 baths with 1,400 sq. ft.

The most expensive Arcadia home in October was 330 West Naomi Avenue.  Offered at $3,680,000, it has 7 bedrooms and 8 baths and has an amazing 8,166 sq. ft.

If you are interested in searching Arcadia homes currently on the market and listed in the MLS (Multiple Listing Service), take a look at the direct MLS access below:

If you are interested in searching Arcadia homes currently on the market that are bank owned or in foreclosure status, you can see them below: 

Arcadia Real Estate Housing Statistics for August 2008 - October 2008:

Data taken from ITEC (Pasadena Foothills Association MLS service)

SEARCH ARCADIA HOMES FOR SALE (Single Family Residence)

SEARCH ARCADIA CONDOS AND TOWNHOMES FOR SALE

For weekly updates on Arcadia real estate market activity, please feel free to request market analysis reports with detailed information by clicking here to be taken to the market analysis website page. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.