Pasadena CA Real Estate

Real Estate Statistics for Pasadena California - May 2009

Irina Netchaev — Mon, 29 Jun 2009 23:01:49 -0400

As expected, the volume of sales has increased dramatically from April to May.

Pasadena home sales increased by 20% from April and homes under contract are 23% higher. Average selling price increased a bit as well. Close to 100 new home listings came up on the market, but the inventory is still a bit under 300 homes.

Here's a chart from Altos Research group with the historical look at Median prices of Pasadena homes:

Pasadena Real Estate statistics for February 2009 through May 2009 (including condos, townhomes and houses):Read more »

FREE Summer Concerts in the Park - Pasadena California and Surrounding Communities

Irina Netchaev — Thu, 18 Jun 2009 03:34:32 -0400

Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert. If that concert is free, well... that's even better.

So, without further ado, here's a list of Summer Concerts in the Park.

2009 Summer Concert Schedule:

ALTADENA, CA

Location: 568 East Mt. Curve Ave. in the Ampitheater at Farnsworth Park

Time: 7:00 p.m.

Down Beat Express (Big Band)	Saturday, June 27th
Elk's #99 Concert Band (Patiotic Music)	Saturday, July 4th
The Surfing Safaris (Beach Party)	Saturday, July 18th
Elliott Caine (Jazz Trumpet)	Saturday, July 25th
Melena (Latin Jazz)	Saturday, August 1st
Those Manning Boys (Irish Dance & Song)	Saturday, August 8th
Brian Hughes (Jazz Guitarist)	Saturday, August 15th
All American Wranglers (Country)	Saturday, August 29th
Hot August Night (tribute to Neil Diamond)	Saturday, Sept. 12th

ARCADIA, CA

Location: 240 West Huntington Drive - City Hall West Lawn

Time: 6:30 - 8:00 p.m. There will also be a Free Kids Fun Zone with games and crafts

Hodads (Beach Tunes)	Thursday, July 9th
Hollin' Blues Boogie Band (Blues)	Thursday, July 16th
Rockit Scientists (Tribute to Baby Boomers)	Thursday, July 23rd
Silverados (Country)	Thursday, July 30th
Cold Duck (70's)	Thursday, August 6th
Jumpin Joz (Swing)	Thursday, August 13th
Rubber Soul (Beatles Tribute)	Thursday, August 20th

COVINA, CA

Location: 301 North 4th Avenue Covina Park Bandshell

Time: 7:30 p.m.

The Answer (Classic Rock)	Monday, June 22nd
Covina Concert Band - Swing with the Big Bands	Thursday, June 25th
Cold Duck (R&B)	Monday, June 29th
Covina Concert Band - America: Home Sweet Home	Thursday, July 2nd
The Hodads (Beach Boys Tunes)	Monday, July 6th
Covina Concert Band - Broadway Curtain Time	Thursday, July 9th
Suave (Latin Jazz, Disco & Salsa)	Monday, July 13th
Covina Concert Band - Night at the movies	Thursday, July 16th
Undercover Girls (Rock hits)	Monday, July 20th
Covina Concert Band - Music for the Young at Heart	Thursday, July 23rd
Film at Eleven & The Late Breaking Horns (Classic 60's n 70's)	Monday, July 27th
Covina Concert Band - Around the World in 80 Minutes	Thursday, July 30th

GLENDORA, CA

Location: 160 North Wabash Avenue, Glendora - Bandshell at Finkbiner Park

Time: 6:00 p.m.

The Answer (Classic Rock)	Sunday, July 12th
Stone Soul (Motown & Soul)	Sunday, July 19th
Disco Diva (70's Dance)	Sunday, July 26th
Elvis	Sunday, August 2nd
The Wise Guys (Big Band)	Sunday, August 9th
All American Wranglers (Counrty)	Sunday, August 16th
Cold Duck (R&B)	Sunday, August 23rd

LA CANADA FLINTRIDGE, CA

Location: 1301 Foothill Blvd., Memorial Park

Time: 6:00 - 8:00 p.m.

Wake the Bard (Traditional Celtic)	Sunday, June 21st
Misplaced Priorities (Classic Rock) Classic Car Show prior to Concert	Sunday, June 28th
Steve Roth (Elvis Tribute)	Sunday, July 5th
The Jack Lantz Big Band (Big Band)	Sunday, July 12th
Pacific Coast Highway (Light Rock)	Sunday, July 19th
Brian Lynn Jones & The Misfit Cowboys (Country)	Sunday, July 26th
Swing Inc. (Swing)	Sunday, August 2nd
Hot August Night ( Tribute to Neil Diamond)	Sunday, August 9th
Bluegrass Billionares (Bluegrass)	Sunday, August 16th
Palm Drive ( Classic Rock)	Sunday, August 23rd

LOS ANGELES - DOWNTOWN

Location: 350 South Grand Avenue, Downtown Los Angeles - California Plaza

Call: 213-687-2159

Hal David - Musicology 302	July 9th 8:00 p.m.
Rocky Dawuni	July 10th 12:00 & 8:00 p.m.
Buika & Perla Batalla	July 11th 8:00 p.m.
Justo Almario's Afro-Colombian Ensamble	July 17th 12:00 p.m.
Watcha Clan & CuCu Diamantes	July 17th 8:00 p.m.
Albita	July 18th 8:00 p.m.
The Bad Plus & Wendy Lewis	July 24th 12:00 & 8:00 p.m.
Curumin & Novalima	July 25th 8:00 p.m.
Lo Cor de la Plana & Fishtank Ensemble	July 31st 12:00 & 8:00 p.m.
Mentiritas, La Santa Cecilia & Mr. Vallenato	August 1st 7:00 p.m.
Haegum Plus	August 7th 12:00 & 8:00 p.m.
Tanya Tagaq & Hyperpotamus	August 8th 8:00 p.m.
K.B. Solomon: The Paul Robeson Project	August 9th 8:00 p.m.
Toto la Momposina y sus Tambores	August 14th 12:00 & 8:00 p.m.
Rokia Traore	August 15th 8:00 p.m.
Inspiration House Poetry Choir	August 20th 8:00 p.m.
Adaawe	August 21st 12:00 p.m.
Rahim Alhaj	August 21st 8:00 p.m.

MONROVIA, CA

Location: Library Park Bandshell

Time: 6:30 p.m.

Doo Wah Riders	Sunday, July 12th
Moon Dance	Sunday, July 19th
The Answer	Sunday, July 26th
Reflex	Sunday, August 2nd

PASADENA, CA

Visit Pasadena City Guide for more information.Read more »

Pasadena Real Estate Agents are now Held to a Higher Standard - Hooray!

Irina Netchaev — Sat, 13 Jun 2009 16:42:31 -0400

Well, I've written about the lack of photos in our Multiple Listing Service and vented about this issue long enough here and on my other real estate blog - PasadenaViews. Now, I wish I could say that someone has listened at our real estate board, but that's not the case. Fortunately, the implementation of a new system called CARETS and the data integrity issues associated with that system, facilitated this change.

As of June 15th, all real estate agents in Pasadena are REQUIRED to have at least one photo uploaded with their home listing.

Also, real estate agents are finally required to mark their properties for sale to correctly identify whether or not a home listing is a short sale or a foreclosure. I can't tell you how often, I've shown a home to my home buyers only to find out later on that the home is a short sale and not a regular sale.

Oh... and how about the third rule about updating information about a home listing timely. Home buyers want to know whether or not a home is in escrow or sold or had a price reduction. It's only common sense!

Here's what the Multiple Listing Service Announcement looks like:

KEY i-TECH RULES CHANGES

Beginning Monday, June 15th, the CARETS Data Integrity Standards will apply to all i-Tech listings. Most of the rules that you have been following will remain the same. Below are three key differences.

1. MANDATORY PICTURE: At least one (1) picture related to the listed property MUST be included within five (5) days of listing entry.

2. SHORT-SALE/REO: You may not include any information regarding a short-sale or REO/bank owned property in the Public Remarks of a listing, including that the listing is Not a Short-Sale or REO. Shortly i-Tech will add mandatory entry fields for both sale types. In the mean time, use the Short Pay and REO fields under TERMS to designate the type of sale. Special information on the sale may be placed in the Agent Remarks section.

3. SUBMISSION DEADLINES: Entry and changes to listings must be made within 48-hours of the event, excluding weekends and holidays.

Now if it was me, I'd add some additional rules. Let's see... how about:

No more BLURRY PHOTOS!

Let's have a minimum of 6 photos to ensure that Pasadena home buyers will have a better understanding of what a property is all about and not waste their time.

No photos with old "stamped" dates allowed.

I am sure there are quite a few more things that should be disallowed and actually insisted upon. Ultimately, it's what separates a great real estate agent that cares about the homes they sell and their clients from mediocre ones.

What do you think?

READ MORE:

Pictures are worth a thousand words!

Photos that will NOT sell your home

What makes a Great Real Estate Agent

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

Real Estate Housing Update for San Marino California

Irina Netchaev — Tue, 09 Jun 2009 09:24:13 -0400

San Marino's real estate prices have always been driven by their top rated public schools, a small knit community and close proximity to Pasadena and downtown LA. As expected, San Marino real estate activity has stayed strong even in the down market and as Pasadena's real estate started picking up, San Marino housing market immedicately followed.

Inventory of homes remained pretty much the same last month, but the sales activity has picked up significantly and so did the price per square foot that home buyers are willing to pay. Take a look at the data below.

San Marino Real Estate Statistics for February through May 2009:

Single Family Residence Feb-09 Mar-09 Apr-09 May-09

New Listings 13 18 14 15

Total Listings 30 38 35 39

Sales Pending 4 9 12 16

Homes Sold 4 1 10 14

Listings Expired 1 6 4 5

Average Days on the Market 126 29 67 49

Average Price Per Sq. Ft. $631 $521 $526 $585

Median Selling Price $2,049,000 $1,738,000 $1,477,500 $1,649,000

Average Selling Price $2,147,333 $1,738,000 $1,710,300 $1,863,057

Absorption Rate (# of weeks to sell current inventory at present rate of sales) 32.5 164.7 15 15

Search all San Marino homes for sale - live feed from the Multiple Listing Service below:

For more property detail, please visit San Marino Homes for Sale post.

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

South Pasadena Real Estate Analysis and Inventory of Homes, Condos and Townhomes for Month Ending May 2009

Irina Netchaev — Sun, 07 Jun 2009 17:07:52 -0400

The inventory of homes, condos and townhomes in South Pasadena is still very low and the demand is rising. Home buyers looking to get into a South Pasadena condo or townhome have very few choices and even the property located next to the Gold Line tracks went into escrow with mutliple offers. What does it mean to home buyers? If you see a home listing that you're interested in, call your real estate agent and set up an appointment to see it quickly.

South Pasadena home sellers just need to continue to price their homes correctly, prepare their property for the market by staging it and sit back to review the purchase offers as they start rolling in.

Banks are still holding on to their foreclosures and even though there is a potential of about a handful of foreclosures hitting the South Pasadena market over the next several months, the number of home buyers is still far outweighs the number of South Pas home sellers.

South Pasadena real estate statistics for February 2009 through May 2009:

Single Family Residence Feb-09 Mar-09 Apr-09 May-09

New Listings 12 9 18 12

Total Listings 31 39 41 50

Sales Pending 8 8 9 20

Homes Sold 3 7 5 11

Listings Expired 2 5 5 2

Average Days on the Market 60 101 56 61

Average Price Per Sq. Ft. $468 $493 $496 $465

Median Selling Price $776,667 $850,000 $953,000 $899,000

Average Selling Price $725,000 $987,000 $843,380 $990,636

Absorption Rate (# of weeks to sell current inventory at present rate of sales) 44.8 24.1 35.5 19.7

Condos and Townhomes Feb-09 Mar-09 Apr-09 May-09

New Listings 5 5 1 4

Total Listings 15 17 12 13

Sales Pending 4 1 1 4

Homes Sold 4 1 1 2

Listings Expired 1 1 3 1

Average Days on the Market 119 111 67 29

Average Price Per Sq. Ft. $348 $284 $336 $318

Median Selling Price $596,750 $170,000 $590,000 $451,500

Average Selling Price $627,500 $170,000 $590,000 $451,500

Absorption Rate (# of weeks to sell current inventory at present rate of sales) 16.3 73.7 52.0 28.2

Real estate statistics above from Pasadena Foothill Association of Realtors (ITEC)

See all South Pasadena property in the Multiple Listing Service (MLS) below:

Please visit South Pasadena homes, condos and townhomes for sale for additional property details.

READ MORE:

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 a South Pasadena home, South Pasadena 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

Single Family Residence	Feb-09	Mar-09	Apr-09	May-09
New Listings	13	18	14	15
Total Listings	30	38	35	39
Sales Pending	4	9	12	16
Homes Sold	4	1	10	14
Listings Expired	1	6	4	5
Average Days on the Market	126	29	67	49
Average Price Per Sq. Ft.	$631	$521	$526	$585
Median Selling Price	$2,049,000	$1,738,000	$1,477,500	$1,649,000
Average Selling Price	$2,147,333	$1,738,000	$1,710,300	$1,863,057
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	32.5	164.7	15	15

Single Family Residence	Feb-09	Mar-09	Apr-09	May-09
New Listings	12	9	18	12
Total Listings	31	39	41	50
Sales Pending	8	8	9	20
Homes Sold	3	7	5	11
Listings Expired	2	5	5	2
Average Days on the Market	60	101	56	61
Average Price Per Sq. Ft.	$468	$493	$496	$465
Median Selling Price	$776,667	$850,000	$953,000	$899,000
Average Selling Price	$725,000	$987,000	$843,380	$990,636
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	44.8	24.1	35.5	19.7

Condos and Townhomes	Feb-09	Mar-09	Apr-09	May-09
New Listings	5	5	1	4
Total Listings	15	17	12	13
Sales Pending	4	1	1	4
Homes Sold	4	1	1	2
Listings Expired	1	1	3	1
Average Days on the Market	119	111	67	29
Average Price Per Sq. Ft.	$348	$284	$336	$318
Median Selling Price	$596,750	$170,000	$590,000	$451,500
Average Selling Price	$627,500	$170,000	$590,000	$451,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	16.3	73.7	52.0	28.2