Pasadena Real Estate

As the 2009 is coming to a close, I thought that it would be interesting to compare November 2008 to November 2009 real estate statistics for Pasadena California.

Some Highlights:

• It was interesting to note that the number of homes sold in all categories was significantly higher last month vs. a year ago.  The overall Pasadena real estate inventory was lower, thus the reduction in the number of weeks of inventory on the market.
• There was a significant drop in new listings for both townhomes and condos in November 2009.  Single family homes remain consistent in about 50+ Pasadena homes listed in November.
• The price per square foot dropped significantly for single family homes - 9% lower than in 2008.  Townhomes have dropped from $426 to $397.  Pasadena condos remain at $377 per sq. ft.

Single Family Residence	Nov-08	Nov-09
New Listings	56	53
Total Listings	261	226
Sales Pending	29	67
Homes Sold	42	69
Listings Expired	53	36
Average Days on the Market	115	67
Average Price Per Sq. Ft.	$402	$368
Median Selling Price	$445,750	$620,000
Average Selling Price	$699,591	$714,001
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	26.9	14.2
Condos	Nov-08	Nov-09
New Listings	39	24
Total Listings	159	172
Sales Pending	7	35
Condos Sold	17	29
Listings Expired	27	17
Average Days on the Market	110	86
Average Price Per Sq. Ft.	$377	$377
Median Selling Price	$455,000	$485,000
Average Selling Price	$428,641	$491,121
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	40.5	25.7
Townhomes	Nov-08	Nov-09
New Listings	27	14
Total Listings	68	67
Sales Pending	10	23
Townhomes Sold	5	15
Listings Expired	5	4
Average Days on the Market	36	59
Average Price Per Sq. Ft.	$426	$397
Median Selling Price	$ 575,000	$520,000
Average Selling Price	$ 604,600	$539,267
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	58.9	19.4

Take a look at the inventory of homes for sale vs sold below. The number of available Pasadena homes for sale has decreased by over 50% from September 2008 to November 2009.

 

Also, an intersting chart below graphing the number of newly listed homes in Pasadena to the number of closed sales. November usually seeing the end of year slow down had a spur of sales this year most likely driven by the tax credit and low interst rates.

Pasadena Homes for Sale:

The feeds below are direct from the Multiple Listing Service

Pasadena Homes for Sale $300,000 to $400,000

Pasadena Homes for Sale $400,000 to $500,000

Pasadena Homes for Sale $500,000 to $600,000

Pasadena Homes for Sale $600,000 to $700,000

Pasadena Homes for Sale $700,000 to $800,000

Pasadena Homes for Sale $800,000 to $900,000

Pasadena Homes for Sale $900,000 to $1,000,000

Pasadena Homes for Sale $1,000,000 to $1,200,000

Pasadena Homes for Sale $1,200,000 to $1,400,000

Pasadena Homes for Sale $1,400,000 to $1,600,000

Pasadena Homes for Sale $1,600,000 to $1,800,000

Pasadena Homes for Sale $1,800,000 to $2,000,000

Pasadena Homes for Sale $2,000,000 to $2,500,000

Pasadena Homes for Sale $2,500,000 to $3,000,000

Pasadena Homes for Sale over $3,000,000

 

Pasadena Condos and Townhomes for Sale:

Pasadena Condos and Townhomes for Sale under $300,000

Pasadena Condos and Townhomes for Sale $300,000 to $400,000

Pasadena Condos and Townhomes for Sale $400,000 to $500,000

Pasadena Condos and Townomes for Sale $500,000 to $600,000

Pasadena Condos and Townhomes for Sale $600,000 to $700,000

Pasadena Condos and Townhomes for Sale $700,000 to $800,000

Pasadena Condos and Townhomes for Sale $800,000 to $900,000

Pasadena Condos and Townhomes for Sale $900,000 to $1,000,000

Pasadena Condos and Townhomes for Sale $1,000,000 to $1,200,000

Pasadena Condos and Townhomes for Sale $1,200,000 to $1,400,000

Pasadena Condos and Townhomes for Sale over $1,400,000

To search for your new Pasadena home, and all other homes available in the Greater Los Angeles area please visit Search MLS for FREE.  

If you are thinking of buying or selling your Pasadena home, condo or townhome and would like a free comprehensive consulation. We'd love to meet with you! We can be reached at 626-629-VIEW(8439).

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)629-VIEW (8439)

http://www.pasadenacarealestatehomes.com/00A544

This year, many calls and emails from potential home buyers came in about short sales and foreclosure homes in South Pasadena; every one is looking for that "Real Estate DEAL"! As we begin to evaluate the year that is coming to a close and look ahead for the goals of 2010, for many home ownwership will be at the top of the list. Don't limit your possiblities to foreclosure homes and short sales!

There are South Pasadena homes and condos for sale now that could be purchased for pretty good prices. And... when you are not dealing with banks, but are negotiating directly with home sellers, you can ask for concessions.  For example, wouldn't it be nice to have the home seller buy down your interest rate to make your monthly payment lower?

A great place to start would be with homes, condominiums and townhouses that have been on the market for several months. Most home sellers at this point have either adjusted their home price or are open to negotiation. The houses below have been on the market for over 100 days (over 3 months!). There could be some pretty good deals hiding in there and incentives! With the first time home buyer tax credit still available through April of 2010, why not make your new home dreams a reality! We call them Dusty Deals™!

Here is our Dusty Deals™ list for South Pasadena, California - Find your South Pasadena home:

Read more »

http://www.pasadenacarealestatehomes.com/00A4FB