Pasadena Real Estate

Arcadia Real Estate Update

It's been awhile since I ran real estate statistics for my readers on Arcadia California. So... to make up for it, you'll get a ton of data that you can chew on... :)

Let's take a look at a couple of things.  First, the last few months of our regular data below shows that the number of new homes and the overall inventory of units in Arcadia for all types of properties is staying pretty stable. 

Price per square foot of sold single family Arcadia homes is inching up closer to the mid $400 range.  It'll be interesting to see if the price will flat line during the summer or move a bit up.  My guess is that it will remain pretty stable since the inventory is not moving overly quickly.

There has been an increase in sales for both condos and townhomes.  However, the price per square foot moved down a bit.

Arcadia real estate statistics for February 2010 through May 2010:

Longer view Arcadia real estate trends?

I wanted to show you the investment return on Arcadia real estate - all property types - based on a purchase five years ago vs. 1 year ago.  Trendgraphix using the data from the Pasadena Foothill Association of Realtors captures the following information:

1 month			1 year			5 years
	Mar 10	Apr 10	% Change	Apr 09	Apr 10	% Change	Apr 05	Apr 10	% Change
Avg. Active Price	1193	1159	-2.8%	1275	1159	-9.1%	1132	1159	2.4%
Avg. Sold Price	860	999	16.2%	715	999	39.7%	797	999	25.3%

Real Time Arcadia Real Estate Statistics and Home Sales Data:

Information below is provided by Altos Research and will be updated every week as new real estate data for Arcadia California is available.  Feel free to bookmark this post and refer to it often.

Median Price for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is $950,000

Inventory for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is 196

Average Days on Market for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is 96

Median Price per Sqft for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is $421

Interested in seeing homes available for sale in Arcadia?

For details on any of the above properties, please visit Arcadia Homes for sale post.

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.

PasadenaViews Real Estate Team

Arcadia Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

Monterey Hills Real Estate Update

It's time to take a look at The Hill - Monterey Hills!  Inventory, unfortunately, is still extremely low.  Let's take a look at the chart below from Trendgraphix documenting the real estate data from Pasadena Foothill Association of Realtors.

It's interesting to note that unit volume went down 56.7% from April of 2007 to April of 2010, from 69 units to only 30 available Monterey Hills properties for sale.

Only a few listings are coming on the market each months and very few sales are closing.

Additional Monterey Hills statistics to consider:

Looking backwards... if you bought a Monterey Hills condo 10 years ago and held on to the property, what kind of returns would you expect to see? Let's take a look below:

Not bad... a nice return of close to 150%.

Here's a look of Monterey Hills homes available for sale now:

And, if you're interested in seeing all the details of these condos and townhomes, please bookmark Monterey Hills condos and townhomes for sale post which is updated every few hours with the most current real estate listing information.

For more information on specific complexes, read more below:

Austin Terrace

Bradley Court - PUDs

Huntington Terrace

Fremont Villas

Linden Heights

Vallejo Villas

PasadenaViews Real Estate Team

Monterey Hills Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

Langham Hotel, previously known as the Pasadena Ritz Carlton, is surrounded by some of the most beautiful luxurious estates in Pasadena and San Marino.  So, if you are curious to see what's available in the Langham Huntington Hotel Neighborhood, let's take a look at a couple of homes I previewed today.

1535 Kenmore Road, Pasadena

My personal favorite of the tour.  This 4 bedroom, 3 bath home is right around the corner, on a cul-de-sac, with a tranquil and peaceful back yard. 

Per Listing Agent:  An entry is a journey, & architect Miller Fong has employed harmony, flow & spatial dynamics to guide us into his own stylish contemporary world. This striking residence is open & livable w/ a flexible floor plan, walls of glass & remarkable vistas. On entering, a serpentine wall leads past a spacious den w/ fireplace towards the great room w/ generous seating area, fireplace, dining space & fantastic kitchen w/ newer stainless appliances. The materials are exciting: a mosaic tile backsplash is juxtaposed against a polished, stained concrete floor; marble counters are a foil for sponged walls; & natural skylights contrast w/ European, low voltage cable strung lighting. A convenient guest bath & laundry are adjacent. The master suite offers a grand picture window, a spectacular bath w/ Jacuzzi tub & wall-less garden shower & a dream dressing room that shares the entry's dramatic serpentine wall. 3 additional bedrooms, a handsome bath & extensive patio space complete this exquisite home.

Listed with Tink Cheney, Coldwell Banker

830 Huntington Garden Drive, Pasadena California

This home is right behind the Langham on the magical Huntington Garden Drive.

Per Listing Agent A traditional Cape Cod near the Langham Hotel on a quiet street. The lovely kitchen is updated with granite counters and newer appliances. A large bedroom suite is on the same floor level with the living room, the dining room, & kitchen. The living room is special living space with an elegant fireplace, and views over the pool. The family room is downstairs with bathroom, and 3 bedrooms with access to pool area and gardens. There is a stone patio, a wood deck and grassy area with a beautiful pool. The bathrooms are marble with granite counters hardwoods and limestone floors.

Listed with Monica Wilson (w/ Janet Fitzgerald), Coldwell Banker

445 Buena Vista Street, San Marino California

Close enough to the Langham, but just a few blocks away from San Marino's Mission District and infamous Julienne's Restaurant.  The best of both worlds!  In conversation with the listing agent, this property is not expected to be available for longer than a week or so.  Multiple offers expected.

Per Listing Agent: FABULOUS MONTEREY COLONIAL HOME IN THE POPULAR MISSION DISTRICT. A WONDERFUL NEIGHBORHO0D NEAR PASADENA & SOUTH PASADENA,PLUS EASY ACCESS TO THE 110 FREEWAY.Y0U WILL LOVE THIS LOCATION. DON'T MISS THIS LOVELY SPACIOUS, REMODELED HOME; IT'S A TRUE GEM. GREAT 3RD FLOOR LOWER LEVEL WITH A FIREPLACE, 2 WINDOWS, BUILT-IN CUPBOARDS, AND NEWER CARPET.A PERFECT AREA FOR A MEDIA ROOM OR RECREATIONAL AREA.

Listed with Linda O'Neal, Dilbeck Realtors

1335 Saint Albans Road San Marino

This home is also in San Marino known for its #1 rated California Public Schools.  It is almost across the street from Lacy Park with its rose garden and tennis courts.  If you're looking for a Mid-Century this luxury property might be for you.

Per Listing Agent - A spacious one story mid century home situated on over 1/2 acre (25,200 sq.ft.) in one of the most desirable San Marino locations, adjacent to Lacy Park and the Huntington Library. Enter this beautiful home through Chinese fret work entrance. This home features 4bed, 3ba., powder room, large living room with raised marble fireplace, formal dining room, kitchen with breakfast area, charming wood paneled family room with built in book shelves, corner fireplace and wet bar, a grand sized multipurpose garden room overlooking and opening out to rear patio gardens and pool. The exquisite professionally landscaped front and rear gardens featuring oversized resort style pool, specimen trees: palms, bamboo, foliage plantings and ferns, rear patio, private rear deck, two 2-car detached garages, all add to and extend the livability of the San Marino residence.

Listed with Linda Chang (w/ Brent Chang), Coldwell Banker

Listing information for properties above is deemed reliable but not guaranteed. Read full disclaimer.

Take a look at some of the other San Marino homes for sale below:

For specific details of the home above, please visit San Marino Luxury Homes For Sale.

IRINA NETCHAEV & ASSOCIATES

PasadenaViews Real Estate Team

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

Foreclosed homeowners could owe 'tens thousands of dollars' to lenders

California Association of Realtors reports:

Facing the possibility of foreclosure, California homeowners may be hit with more than just losing their homes. Due to a loophole in state law, they also can be sued by their lender. To prevent this, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is sponsoring Senate Bill 1178 by State Sen. Ellen Corbett (D-San Leandro), which will extend anti-deficiency protection for consumers who have refinanced their original mortgage loans and now are facing foreclosure.

KEEP THIS IN MIND

• Currently, if a homeowner defaults on a mortgage used to purchase his or her home -- known as a "purchase money mortgage" -- the homeowner's liability on the mortgage is limited to the property itself. Unfortunately, the original law did not extend the purchase money protection to loans that refinance the original purchase debt, even if the refinance only was to obtain a lower interest rate.
• Californians who refinance a property currently do not have protection if they default on a mortgage greater than the property's value. Called a "deficiency" liability, under current California law, the lender can sue the former homeowner for the amount of the deficiency even after taking back the property.
• Recent years of low interest rates and aggressive marketing campaigns by lenders have induced tens of thousands to refinance mortgages. Few homeowners realized that by refinancing their mortgage, they were forfeiting their protections and now are personally liable.

Here's a video that explains this a bit more.

READ MORE:  What can we expect in the 2010 foreclosure market?

Pasadena Foreclosure List

IRINA NETCHAEV & ASSOCIATES

PasadenaViews Real Estate Team

445 South Fair Oaks Avenue

Pasadena, CA 91105

Email:  Irina at PasadenaViews.com

(626)629-VIEW (8439)

Interviewing to hire a real estate agent to sell your home?  With 93% of all home buyers starting their home search on-line, one of the critical questions to ask is how will your real estate utilize internet to get your home the most visibility? 

Most realtors will just place your home for sale in their MLS (Multiple Listing Service) and hope that the MLS will feed information to other sites.  Oh... and let's not forget the sign on the lawn and the flyer box.  Unfortunately, that's the extent of most real estate agent's marketing plan.

To get the top price for your home, your realtor needs to understand how to maximize all the resources available and have a comprehensive internet marketing and social media strategy.

Some of the questions to ask the realtor you're interviewing:

1.  Which internet sites will my home be listed in?

2.  Will you be able to list my home on all the major brokerage websites?

3.  What is syndication and how will that be used to market my home?

4.  Do you know how to optimize the listing of my home to ensure that it is at the top of the search page on real estate sites like realtor.com?

5.  Do you have a facebook fan page and how many followers do you have?

6.  Are you active on twitter?  How many followers do you have?

7.  Do you have a YouTube channel and what is your strategy on posting to YouTube?

8.  What is the strategy for promoting my home on classified services?  (and... I don't mean newspapers...)

9.  Do you have a blog or a website?  Both?  How many and how is it optimized?  What is the page rank? What is the traffic for your site?  Can you support it by showing me Google Analytics numbers?

10. How do you use SEO?  What is SEO?  What does this mean for my home marketing?

11. Will your Realtor use PPC to market your home?

12. Most realtors will now offer a home listing site on your home's individual domain.  However, the question to ask is, not only will your real estate agent offer that service, but where will this site be hosted?  If it's not tied to a top rated optimized site, no one will find it.

And, of course... don't forget to GOOGLE YOUR REALTOR!  You'd be surprised as to what you might find out.

Now... internet and social media strategy should not stand alone, but be part of a comprehensive marketing strategy.  However, many real estate agents are not familiar with these strategies and continue to try and sell homes with old fashioned, traditional real estate techniques.  If you want top dollar for your home, make sure that the realtor you hire is on top of the changing real estate landscape and is a pioneer in social media and internet marketing.

Why is Social Media a critical part of your home's selling strategy? 

Call me today, to see how your home can get the best of both traditional and internet marketing and understand the 5 critical areas that need to be addressed to get you what you want in the time you want it.  Get your home sold for top dollar!

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)