Pasadena Real Estate

The inventory in South Pasadena is moving very quickly.  South Pasadena home and condo prices are on the rise.  Many "cash heavy" investors are out in the market competing with regular buyers.  Multiple offers are still prevalent on well priced homes.

Lowest priced home sale in South Pasadena in June was at 1404 Oneonta Knl and sold at $681,000.

Highest priced South Pasadena home in June was at 543 Columbia Street which sold at $2,177,185.

South Pasadena Housing Analysis for April 2009 through June 2009:

Single Family Residence	Apr-09	May-09	Jun-09
New Listings	18	12	11
Total Listings	41	50	41
Sales Pending	9	20	19
Homes Sold	5	11	13
Listings Expired	5	2	0
Average Days on the Market	56	61	55
Average Price Per Sq. Ft.	$496	$465	$504
Median Selling Price	$953,000	$899,000	$1,205,000
Average Selling Price	$843,380	$990,636	$1,197,370
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	35.5	19.7	13.7
Condos and Townhomes	Apr-09	May-09	Jun-09
New Listings	1	4	7
Total Listings	12	13	12
Sales Pending	1	4	7
Homes Sold	1	2	4
Listings Expired	3	1	2
Average Days on the Market	67	29	34
Average Price Per Sq. Ft.	$336	$318	$364
Median Selling Price	$590,000	$451,500	$572,500
Average Selling Price	$590,000	$451,500	$576,875
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	52.0	28.2	13.0

Data gathered from ITEC (Pasadena Foothill Association of Realtors)

Here's a nice visual of what's going on with South Pasadena prices from Altos Research:

Read more »

http://www.pasadenacarealestatehomes.com/009A08

The first month of the summer statistics for Pasadena home sales are in.  June outperformed May and we're seeing increases in the price per square foot of sold homes, condos and townhomes.

Homes on average are selling at 96.41% of asking price, but 30 out of 68 June home sales sold at full price or over asking.  That's almost 50% of sales! 

Pasadena condos are selling at 96.76% of asking price with 14 of 39 sales at full or above asking price.

Pasadena townhomes are doing quite well as well with 3 of 15 selling at or above asking with a 95.71% ratio of sold to asking price.

Home buyers are still out in droves.  All you have to do is visit an Open House on Sunday.  Multiple offers are more and more frequent which will be evident in the increase of the sold to asking ratio and the Pasadena sales prices when we look at next month's real estate statistics.

 Real Estate Statistics for Pasadena CA Home Sales - April 2009 through June 2009:

Read more »

http://www.pasadenacarealestatehomes.com/0099D5

San Marino real estate market did not show any drastic changes during the 2nd quarter of 2009.  Number of homes available for sale has remained consistent in the mid 30s.  Although the number of new listings decreased by 27% in June.

The least expensive home on the market in San Marino is priced at $1,180,000 and is located at 1445 S San Gabriel Blvd.

The most expensive San Marino home available for sale is priced at $5,600,000 and is located at 1505 Circle Drive.

The most interesting sale this month was an estate priced at $862.73 per square foot with an asking price of $5,625,000 that sold in 81 days at full price!  This San Marino luxury estate was located at 920 Avondale Road.

Other interesting statistics:

3 San Marino homes sold over asking price

2 San Marino homes were sold at asking price

11 San Marino homes were sold under asking price

On average San Marino homes sold at 96% of asking price.

Real estate statistics for San Marino for April through June 2009:

Single Family Residence	Apr-09	May-09	Jun-09
New Listings	14	15	11
Total Listings	35	39	36
Sales Pending	12	16	15
Homes Sold	10	14	16
Listings Expired	4	5	3
Average Days on the Market	67	49	67
Average Price Per Sq. Ft.	$526	$585	$566
Median Selling Price	$1,477,500	$1,649,000	$1,435,500
Average Selling Price	$1,710,300	$1,863,057	$1,922,125
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	15.2	12.1	9.8

Data for San Marino real estate was taken from ITEC (Pasadena Foothill Association of Realtors)

Interested in seeing what is currently for sale in San Marino?

Specific information can be found at San Marino homes for sale post which is updated real time.

Interested in seeing more San Marino Real Estate Reports:

San Marino Real Estate report - five years in review 2003-2008

San Marino real estate report for May 2009

San Marino real estate report for March 2009

 

READ MORE:

San Marino City Guide

South Pasadena City Guide

Altadena Foreclosures List

Burbank Foreclosure Home List

Pasadena Foreclosure Home List

South Pasadena Foreclosure Home List

 

If you are thinking of buying or selling your San Marino home, please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

 

 

http://www.pasadenacarealestatehomes.com/0099B7

Home sales in Sierra Madre were pretty consistent over the last two months and of course, a little on the slow side in April.  Remember when looking at closed home sales, we're looking at properties that went under contract and in escrow a month to two months prior. 

Aborption rate went down drastically from 37.9 weeks of inventory in April for single family homes to only 16.4 weeks.  Homes in June sold on average of 95.54% of asking price.

Since there are not too many condos and townhomes, there were no surprises in statistics.  Sierra Madre condos and townhomes sales stayed pretty consistent.

Sierra Madre Real Estate Statistics for April through June 2009:

Single Family Residence	Apr-09	May-09	Jun-09
New Listings	9	11	5
Total Listings	35	40	34
Sales Pending	4	11	7
Homes Sold	4	9	9
Listings Expired	1	3	7
Average Days on the Market	88	166	56
Average Price Per Sq. Ft.	$363	$390	$328
Median Selling Price	$787,500	$800,000	$722,500
Average Selling Price	$816,250	$690,556	$746,611
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	37.9	19.3	16.4
Condos and Townhomes	Apr-09	May-09	Jun-09
New Listings	3	1	1
Total Listings	5	5	6
Sales Pending	0	2	0
Homes Sold	0	1	2
Listings Expired	0	0	0
Average Days on the Market	n/a	120	113
Average Price Per Sq. Ft.	n/a	$322	$331
Median Selling Price	n/a	$400,000	$394,250
Average Selling Price	n/a	$400,000	$394,250
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	n/a	21.7	13.0

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

 

See all homes for sale in Sierra Madre below:

 

For detailed information on any of these homes, please visit Sierra Madre homes for sale for an up to date list of all single family homes for sale in Sierra Madre.

Also, if you are looking to buy land in Sierra Madre, take a look at this amazing opportunity for a lot with city views with plans to build a 5,000 sq. ft. estate.

For weekly updates on the real estate market activity, please feel free to request market analysis reports with detailed information by clicking on How's the Market page on this Pasadena real estate blog.  These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

 

READ MORE:

Sierra Madre Land for Sale

Sierra Madre Luxury Homes Sale

 

See Previous Real Estate Reports:

Sierra Madre real estate report for September 2008

Sierra Madre real estate report for August 2008

Sierra Madre real estate report for May 2008 - June 2008

 

If you are thinking of buying a Sierra Madre home, Sierra Madre condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

 

 

http://www.pasadenacarealestatehomes.com/0099B5

 

 

Do you dream of building a gated estate at the top of the world with incredible views?

Well... here's your opportunity! This incredible piece of land is nestled at the top of Oak Crest Drive in Sierra Madre and offers absolutely incredible city views. Wake up to the beauty of San Gabriel Valley and still be only minutes away from Pasadena, downtown LA and freeways.

 

 

This exceptional property in the foothills of Sierra Madre has breathtaking views of the surrounding mountains and city lights in the valleys below on the east, south and west.  A south facing hidden Sierra Madre treasure, abundant w/ lush vegetation, panoramic views and a pervasive sense of peace, privacy & serenity.

This R1 property totals approximately .54 acres (23,610 sq. ft.) offering a variety of residential use potential.  There are gated entrances on the east and west boundaries with private roads leading to the property, perfect for grand private estate.

Utilities run up the road providing easy access.

Seller had spent approximately $200,000 on Geo Reports, Soils Report, and an Environmental Impact Report.Architectural plans for a 5,000 Sq. Ft. estate and grading plans are available for review.

This lot is surrounded by wilderness land owned by The Friends of Sierra Madre Wilderness. Check with the City regarding all existing approvals & development possibilities.

Whether you are planning your retirement in a serene and beautiful setting or are looking to build an entertainer's paradise, do not miss this very rare opprotunity.

Get started on your gated view estate today! 

Interested in pricing and more details, please visit Sierra Madre Land - Build a Grand Estate

READ MORE:

Sierra Madre Land for Sale

Sierra Madre Luxury Homes Sale

Sierra Madre Homes for Sale

Sierra Madre condos and Townhomes for Sale

 

http://www.pasadenacarealestatehomes.com/0099B4