QR Codes are here to stay!

Are you selling your Pasadena home?  If so, is your agent tech savvy enough to use QR codes and do they really help sell your home?

A QR Code stands for Quick Response Code and allows users who have a smart phone like an iPhone or Android to have an interactive digital experience.  If you have a QR Code on a Just Listed postcard or a property brochure, it can take users to a website that has all the information on your home, additional photographs and neighborhood information or anything else that you'd like to highlight.

For example, the QR Code below will take you to the website of one of my listings in Pasadena.  If you have a smart phone, give it a try.  Make sure that you have a QR Code Reader installed first.  If not, go ahead and download a free QR Code Reader from the Apps Store.  I like the I-Nigma and use it on my iPhone.  Open the QR Code Reader App and point your camera at the QR Code on the screen below and it will take you to this Pasadena's home for sale website.

[caption id="" align="alignnone" width="150" caption="QR Code for 436 South Craig Avenue"][/caption]

Makes for a great interactive experience especially when home buyers only have a piece of paper in front of them.

Home buyers in the Pasadena area are very savvy.  They also want do their research.  The more information that you and your real estate agent can provide, the more likely you are to peak their interest.

Will QR Codes sell your house?  Maybe... maybe not.  However it is the real estate agent's responsibility to market your home for sale using every tool available to them.  QR Codes are new and hip.  Buyers expect to be wowed especially when looking at expensive real estate.

So... go ahead... and have your real estate agent use these fun and creative QR Codes.  Or, better yet, give me a call, if you are thinking of selling your home and we'll discuss QR Codes and the most effective and powerful marketing techniques available today!  You can reach me at 626-629-8439.

READ MORE:  Why didn't my home sell?

There were 36 Single Family Homes sold in Arcadia California in the month of February ranging from $225,000 to $3,280,000.  4 of these sales were distressed, bank owned sales.  These foreclosures were in the range of $285,000 to $925,000.

There were 45 new listings - homes for sale in Arcadia for February 2011.  You can see a complete list of available homes below.

February's Most Expensive Home Sale in Arcadia

21 West Las Flores, Arcadia, California 91007

Listed for sale at $3,680,000
Sold at $3,280,000
Price Per Sq. Ft: $432.95
Bedrooms: 6
Bathrooms: 7
Living Space: 7,576
Lot Size: 20,100
Listed for sale by Elite Realty Group
Sold in 26 days on February 24, 2011

Per the Multiple Listing Service Description:

Exceptional estate recently completed in the prime ?Baldwin-Stocker? location of Arcadia. This exquisite home built by SUNNY Construction & Development features an open floor plan with beautiful ornate details. The grand foyer has hand painted Venetian Plaster and extensive use of marble throughout the first floor. A Large family room, living room, formal dining room, library/office, and theater comprise the 7,576 sf estate.

February's Second Most Expensive Arcadia Home Sale

22 West Hacienda Avenue, Pasadena, California 91007

Listed for sale at $2,988,000
Sold at $2,800,000
Price Per Sq. Ft:  $511.98
Bedrooms:   5
Bathrooms:  6
Living Space:  5,469
Lot Size: 17,670
Listed for sale by Coldwell Banker Arcadia
Sold in 78 days on February 1, 2011

129 W Norman Ave, Arcadia, California 91007

Listed for sale at $2,288,000
Sold at $2,130,000
Price Per Sq. Ft: $391.26
Bedrooms: 5
Bathrooms: 6
Living Space: 5,444
Lot Size: 13,090
Listed for sale by Long Dragon Realty
Sold in 25 days on February 14, 2011

All Arcadia homes for sale below:

[idx-listings city="Arcadia" propertytypes="516" orderby="DateAdded" orderdir="DESC" count="150" showlargerphotos="true"]

South Pasadena is known for its small town feel, fantastic public schools and quiet life.  As the name implies, it is geographically located just South of Pasadena.  However, South Pasadena is its own incorporated city.

The latest real estate market analysis and housing data is below:

December 2011

• There are 16 active single family homes for sale in South Pasadena California ranging between $419,000 to $4,850,000. 5 of these homes were listed in the month of December at an average list price of $879,633.
• There are 7 homes in escrow and over the past 30 days there have been 7 closed sales with an average closed price $1,055,000 spending an average of 66 days on the market.  
• 2011 South Pasadena housing market ended with 125 home sales with an average sold price of $974,978 spending an average of 86 days on the market.
  • Average price per square foot was $450
  • Average interior square footage – 2,222
• Highest Priced Sold Home for December 2011 – $1,700,00 - a successful short sale which we see so very few of.
• Lowest Priced Sold Home for December 2011 – $400,000 – a fixer, standard sale with conventional financing.

For comparison purposes, 2010 South Pasadena real estate market information is below:

• 2010 had 120 closed sales with an average sold price of $843,208 spending an average of 87 days on the market with an average price of square foot running at $460.
• Highest Sold– $2,100,000 – 43 days on the market
• Lowest Sold– $300,000 – 209 days on the market

Here’s a 10 year look at South Pasadena’s housing prices:

[caption id="attachment_3432" align="aligncenter" width="600" caption="South Pasadena Home Sales prices for 2001 - 2011"][/caption]

Search all South Pasadena properties on the market below:

Previous South Pasadena Market Reports

November 2011

• There are 19 active single family homes for sale in South Pasadena California ranging between $499,000 to $4,850,000. 8 of these homes were listed in the month of November at an average list price of $1,264,288.  However the average list price is still skewed a bit by the expensive $4.8 Million estate.
• There are only 4 homes in escrow and over the past 30 days there have been 7 closed sales with an average closed price $1,028,214 spending an average of 84 days on the market.  
• YTD there have been 118 closed sales with an average sold price of $970,231 spending an average of 84 days on the market.
  • Average price per square foot was $452
  • Average interior square footage – 2,199
• Highest Priced Sold Home for November 2011 – $2,200,00 and was on the market for only 30 days and was an all cash sale!
• Lowest Priced Sold Home for November 2011 – $530,000 – standard sale with conventional financing.

October 2011 - Low Inventory

• There are only 17 (compared to 28 last month) active single family homes for sale in South Pasadena California ranging between $499,000 to $4,850,000. 5 of these homes were listed in the month of October with an average list price of $1,077,000.  However the average list price is skewed a bit by the expensive $4.8 Million estate just like last month's.
• There are 7 pending/under contract sales and in the past 30 days there has been 10 closed sales with an average closed price $1,027,170 spending an average of 55 days on the market.  The average price of square foot of sold homes in October was $518.
• YTD there have been 111 closed sales with an average sold price of $966,574 spending an average of 86 days on the market.
  • Average price per square foot was $453
  • Average interior square footage – 2,187
• Highest Priced Sold Home for October 2011 – $1,755,00 and was on the market for only 23 days.  The buyer used conventional financing.
• Lowest Priced Sold Home for October 2011 – $425,000 – An all cash sale and an REO (bank owned home.)

September 2011 - South Pasadena real estate market is SIZZLING!

• There are 28 active single family homes for sale in South Pasadena California ranging between $450,000 to $4,850,000. 8 of these homes were listed in the month of August with an average list price of $1,309,300.  However the average list price is skewed a bit by the expensive $4.8Million estate that just came up for sale.  If we remove, that property, the average list price is more indicative of what we would normally see and would be $803,846.
• There are 12 pending/under contract sales and in the past 30 days there has been 18 closed sales (a huge increase from 7 sales in August 2011) with an average closed price $975,854 spending an average of 41 days on the market.  The sales to list ratio is 98.44% indicative of most properties selling close to or above asking price.  In fact, there were 7 homes that sold over asking, 2 at asking and the rest just slightly below asking price. The average price of square foot of sold homes in September was $442.
• YTD there have been 101 closed sales with an average sold price of $960,575 spending an average of 82 days on the market.
  • Average price per square foot was $447
  • Average interior square footage – 2,200
• Highest Priced Sold Home for September 2011 – $1,794,880 – A beautiful Queen Ann/Mission Revival style on 1/3 of an acre - sold at 99.77% of list price in only 8 days! See photo above.
• Lowest Priced Sold Home for September 2011 – $475,000 – An all cash sale.  A salt box style home built in 1924 on the border of Alhambra.  This South Pasadena home sold in only 17 days.  See photo above.

August 2011

• There are 30 active single family homes for sale in South Pasadena California ranging between $405,000 to $2,695,000. 14 of these homes were listed in the month of August with an average list price of $918,071.
• There are 17 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average closed price $891,000 spending an average of 48 days on the market.  The average price of square foot of sold homes in August was $505.
• YTD there have been 83 closed sales with an average sold price of $957,261 spending an average of 75 days on the market
  • Average price per square foot was $448
  • Average interior square footage – 2,173
• Highest Priced Sold Home for August 2011 – $1,562,500 – 77 days on the market and sold at 94.75% of list price.
  
• Lowest Priced Sold Home for August 2011 – $560,000 – 14 days on the market.

July 2011

• There are 34 active single family homes for sale in South Pasadena California ranging between $405,000 to $4,850,000. 8 of these homes were listed in the month of June with an average list price of $1,026,225.
• There are 26 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average closed price $942,808 spending an average of 122 days on the market.  The average price of square foot of sold homes in July was $380.
• YTD there have been 64 closed sales with an average sold price of $967,218 spending an average of 56 days on the market
  • Average price per square foot was $443
  • Average interior square footage – 2,205
• Highest Priced Sold Home for July 2011 – $1,640,000 – 67 days on the market - sold with conventional financing.
• Lowest Priced Sold Home for July 2011 – $445,000 – 29 days on the market - Trust sale - All Cash buyer.

June 2011

• There are 30 active single family homes for sale in South Pasadena California ranging between $484,900 to $4,850,000. 5 of these homes were listed in the month of June with an average list price of $1,502,580.
• There are 17 pending/under contract sales and in the past 30 days there has been 15 closed sales with an average closed price $899,967 spending an average of 65 days on the market.
• YTD there have been 64 closed sales with an average sold price of $967,218 spending an average of 56 days on the market
  • Average price per square foot was $455
  • Average interior square footage – 2,162
• Highest Priced Home for June 2011 – $1,545,000 – 123 days on the market.
• Lowest Priced Home for June 2011 – $599,000 – 39 days on the market.

December 2008:

The numbers don't lie and South Pasadena home sellers need to come face to face with the reality that they can not be asking 2007 home prices in December of 2008. There were only 2 South Pasadena home sales last month and both sold at high $400 per square foot of living space. A lot of the homes listed in South Pasadena for sale now are in the $500 to $600 per square foot range. One home is even listed over $700 per sq. ft.

With real estate data so readily available on line to most consumers, expecting South Pasadena home buyers to pay such a premium for a home is pretty unrealistic.

In reviewing the last five years of South Pasadena real estate statistics, 2008 ended on a great note with an average price per sq. ft. for single family homes at $510. Although the last several months of 2008, the prices have been slipping more in the high $400 range. See for yourself below.

READ MORE: South Pasadena real estate statistics and analysis for 2003-2008

The inventory of homes is still in the 30 homes per month range, but given the slow down in sales, it will take over a year to sell these homes if the rate of sale remains this low. December is usually a slower month in real estate overall, so I expect the absorption of homes to increase over the next few months.

The sales of South Pasadena condos and townhomes was pretty consistent in December 2008 compared to previous months. Since quite a few condos and tonwhomes went under contract and opened escrow in December, we expect to see a higher number of solds in January. Something to be said for marketing your South Pasadena home in December and not waiting for after the holidays!

South Pasadena Real Estate statistics for October through December 2008:

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

Read More: November South Pasadena Real Estate Market Report

Information about South Pasadena California

If you are looking for a real estate deal, you came to the right place. I will be posting my "Dusty Deals™" by area on a monthly basis right here for your review.

What is a "Dusty Deal™" list? It is a list of homes for sale in and around Pasadena
including homes, condos and townhomes that have been on the market for
over 90 days. Are all of these great deals? Not necessarily. BUT, the
home seller has been actively marketing their home for a very long time
and is most likely ready to deal.

Why are these homes on the market still? The most likely reason is
that they were overpriced to begin with. The first few weeks of
marketing a home for sale are the most critical weeks for any
seller. If the property is overpriced, or not marketed correctly, the listing
gets stale. Local real estate agents ignore these homes and avoid
showing them to their buyers. Potential home buyers look these homes up
on the internet, but wonder what is wrong with these homes since they
didn't sell.

My take on this is, if you are looking for a deal, these homes are
the best place to start. Why? Home sellers are tired of showing their
homes and most are ready to NEGOTIATE their price and SELL!

Pasadena Homes for Sale and on the Market Over 3 months:

Interested in any of the homes above? Let us know. You can connect with us via email or call us at 626-629-8439.

Recent listings, sales, and market data are based on information from the Pasadena Foothill Association of Realtors ITEC MLS for the periods shown.
Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

Newest homes for sale in Pasadena can be found below:

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.

Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Read More:  Most expensive homes in Pasadena

Interested in more information about Pasadena and surrounding cities, check out our City Guides below:

Alhambra City Guide

Altadena City Guide

Arcadia City Guide

Monterey Hills City Guide

Pasadena City Guide

San Gabriel City Guide

San Marino City Guide

Sierra Madre City Guide

South Pasadena City Guide
And, if you are interested in fun activities to do in Pasadena, take a look at our 365 Things To Do In Pasadena® page.

Thinking of selling your Pasadena home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Pasadena Real Estate Market.

Southern California real estate forecast for 2011 seems to be on everyone's mind right now. It's that time of year when I get questions and emails about where the real estate market is heading next year.

Now... I am not a huge believer in predictions, however there are some indicators we can look at or assumptions that we can make based on historical real estate performance. So... let's take a look at some key indicators.

California Real Estate Indicators:

Interest Rates

Interest rates hit another record low this year but have started moving back up as the overall economy improves. Bonds and home loan rates took a hit again last week, and some Pasadena home buyers are trying to figure out if home loan rates will ultimately continue moving down.

However, when we look at the big picture, there are only a few things that will bring back the lows that we saw in early November:

• If the tax cut package doesn't get passed. This would be bad news for the economy and the stock market, but it would help interest rates.
• If the Feds recent round of Quantitative Easing falls on its face and doesn't meet its mission of creating inflation, boosting Stock prices, lowering unemployment and creating consumer demand. This is a long shot, but if it happened, Bond prices could make some gains as the threat of deflation reemerges.
• If the financial problems in Europe worsen significantly. This would drive investors into the safe haven of the US Bond market and, therefore, it could help Bond prices, but probably only modestly.Realistically, the chances of those events happening are unlikely.

In the end, rates may see some fleeting improvements, but will likely continue to creep up into 2011!

RECOMMENDATION: loan rates are still near historic lows FOR NOW. That means, now is the time to act. A 1% increase in the mortgage rate means a 10% in home affordability.

Home Sales

National home sales dropped slightly in October, compared with the previous month, despite a temporary moratorium on foreclosures, which have recently represented more than one third of sales activity. Sales were up 15% from July when the tax credit expiration caused a drop-off in sales. The most significant indicator of a market rebound, however, appears to be the October pending sales report. A 10.4% increase in pending sales, which measures homes under contract, signals stronger home sales activity in the coming months as the homes under contract close.

Here's a look at Southern California home sales from 2009 to 2010:

Home Price

Home prices have shown considerable stability when compared with the previous several years. October's national median home price declined slightly, down less than 1% from the previous month and year. A recent study shows an increased interest in smaller homes. Smaller homes often mean smaller price tags, depending on location. While the market currently provides many opportunities for buyers, sellers look forward to the general trending upward of home price as the markets stability without government support grows deeper roots.

Southern California Median Price of Detached Homes:

This is an interesting graph looking at California vs. US Median Home Price. As you can see California is beginning to trend upward.

Home Inventory

There are fewer homes on the market. Total inventory fell to 3.86 million in October from 4 million in September. The months supply* of homes on the market fell to 10.5 months. While still at a relatively high level, months of inventory has shrunken substantially since Julys 12.5 months.

* Months supply of inventory measures how many months it will take to sell all the homes that are for sale, if no new homes come on the market and buyers continue to buy at the same pace or rate.

The luxury home market is taking longer to sell partly due to the tightening of lender requirements on jumbo loans.

Unsold Inventory by Price Point:

Home Affordability

Homes have never been more affordable.

Let's take a look at the national numbers first:

Affordability, measured by the median mortgage payment on the current median-priced home ($171,000) as a percentage of the median household income ($62,141), is lower than its been in a generation. The chart below shows affordability at a record level, having significantly improved since the height of the recent housing boom in 2006.

Southern California home prices are significantly higher than the national numbers, however, opportunities for first time home buyers are at an all time high as seen by the graph below.

California Foreclosure Inventory

Foreclosure Inventories--Preforeclosure inventory is an estimate of the number of properties that have had a Notice of Default filed against the property, but have not yet been Scheduled for Sale. The Scheduled for Sale inventory indicates those properties that have had a Notice of Trustee Sale filed, but have not yet been sold or had the sale canceled. The Bank Owned (REO) inventory indicates the number of properties that have been sold Back to the Bank at the trustee sale, and which the bank has not yet resold to another party.

California Luxury Real Estate Market

California million dollar sales volume has declined drastically.

Here's an overview of the California Housing Market forecast as provided by the California Association of Realtors:

2011 Southern California Real Estate Forecast:

• Interest rates for home loans will steadily rise.

• We anticipate prices to hold steady and California Association of Realtors forecasts a 2% increase over 2010.

• Buyers will face a more competitive market. Multiple Offers will continue. To date, in 2010, 51% of all homes purchased had multiple offers, per California Association of Realtors.

• We will see more discretionary home sales - non-distressed home sales. However, foreclosures and short sales will still be driving a lot of Southern California neighborhoods.

• Luxury home sales will lag and million $ listings will take longer to market and sell.

• We will continue to see all cash investors. In 2010, 23% of all California home sales were purchased 100% cash.

READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®

The housing market continues its uneven and gradual recovery without the aid of the tax credit. As lending standards continue to loosen and return to historical norms, more people will be able to buy their first home, move up, or invest and take advantage of the abundant opportunities in the current market including historically low interest rates, highly affordable prices, and an ample but shrinking selection of homes. Southern California real estate market is slowly but surely moving towards recovery!
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Interested in seeing homes for sale?

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.

Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Are you relocating to Pasadena?  If so, take a look at our 365 Things To Do In Pasadena® .  Call us at 626-629-8439 to schedule a time for your free home buyer or home seller consultation!

Pasadena real estate closed the month of November with 64 sales (single family). 9 of the 64 homes sold were over $1 million. Below are the most expensive homes that closed escrow last month. On average, the home sales price in November was $712,427 and it took about 2.5 months for the homes to sell.

Read More: 3 most expensive Pasadena home sales in October 2010

1.1621 Orlando Road, Pasadena California

Listed at $3,325,000

Sold at $3,088,888

On the real estate market for only 49 days!

Traditional, sophisticated & beautifully updated, this single level Colonial French residence designed by Harold Bissner is located in the elegant Huntington Library estate area. A wonderful floor plan opens from a lovely entry w/ adjacent powder room to the living room w/ fireplace & formal dining room as well as to the family room/kitchen w/ fireplace & to the bedroom wing. Overlooking the central courtyard, the family room has a bay window & sliding doors to access the back patio, built-in barbecue, pool & spa. The gourmet kitchen is fabulous w/ newer stainless appliances, refrigerator drawers, granite counters & a center island w/ sink & breakfast bar. A convenient half bath is off the kitchen & the laundry/mudroom, both next to the 3 car attached garage. There are 3 bedrooms; the spacious master features a large dressing room & 2 baths. Two additional bedrooms share a large bath.
A delightful guest house is freshly remodeled w/ open bedroom, seating area, wet bar & bath.

Listed by Coldwell Banker

2. 645 South San Rafael, Pasadena California

Listed at $2,195,000

Sold at $2,120,000

On the real estate market for only 4 days!!!

c.1950 Ranch home set on a generous corner lot, features pool w/waterfall and hot tub on flat, private grounds. Large glass windows bring the outdoors in. The backyard is a crowd pleaser: Brick, gas burning fire place, along with built-in BBQ in patio area for al fresco dining. This home underwent an extensive renovation, creating a gracious floor plan and indoor/outdoor flow. Master bed w/a dreamy tiled shower and bath. Impressive gourmet kitchen equipped w/Viking stove, wine storage & drawer refrigerator. Custom built, separate recording studio looks onto pool & includes a half bath. This home is an entertainers dream!

Listed by Keller Williams

3. 730 South El Molino Avenue, Pasadena California

Listed at $1,725,000

Sold at $1,705,000

On the real estate market for only 35 days!!!

A spacious & beautiful 2-story Italian Revival home on a 11,200 sq.ft. lot in the very desirableMadison Heights area of Pasadena. This property is conveniently located & close to commuting, shopping & the Langham/Huntington Hotel. This residence has been meticulously updated w/the finest of design & material includes: 4 bedrooms, 3 baths, powder room, gracious living room w/fireplace & an abundance of architectural detailing, elegant formal dining room w/windows overlooking front gardens, remodeled gourmet kitchen w/granite countertops, center island & many built-ins, charming sun room, & fabulous family room which overlooks & opens out to rear terraces; including floor to ceiling bookshelves, wood burning fireplace, entertainment center, bar & travertine flooring. The family room opens on to an expansive covered rear terrace w/travertine flooring & fountain. Steps lead to professionally landscaped & lighted rear gardens & private rear patio w/fireplace, fish pond w/waterfall.

Listed by Coldwell Banker

READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®

Here's a list of all homes for sale in Pasadena California today:

For a list of all homes for sale that is updated "real-time" as real estate agents enter home listings into the MLS, please visit Pasadena MLS List.

Looking for homes for sale in Pasadena California?  Specifically in the 91103 zip code?

If so, click here to take a look at all the Pasadena properties for sale here.

Pasadena homes for sale in 91107 Zip Code

Below, is a list of homes for sale listed in the Multiple Listing Service (MLS) in the Pasadena California zip code 91107. Feel free to click on any property for more information like price, interior details, photographs and more. You can also create a VIP account which will save your home searches and will email new home listings to you as they become available. This way, you will not miss your opportunity to own a home in Pasadena California.

Immediately below the map, you will find a few of the most recently listed Pasadena homes for your review. This property list is updated automatically as new home listings come up on the real estate market.

Give us a call at (626) 629-8439 if you would like to schedule a time to see any of these homes for sale or meet for a home buyer consultation.

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.

Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Are you relocating to Pasadena?  If so, take a look at our 365 Things To Do In Pasadena® .  Call us at 626-629-8439 to schedule a time for your free home buyer or home seller consultation!

Pasadena Views Real Estate Team
Pasadena Real Estate Agents
(626) 629-8439
Email Us Here

In our last post, I promised to give you my opinions on whether or not you should put your Pasadena home on the market during the holidays. I am sure that you've been seeing articles where real estate experts take very strong positions on this subject, both pro and con. I hate to be non-committal here, but I really don't think that there's an answer that is right for all.

Here are my thoughts based on experience...

Do homes sell in December? Yes! I showed several homes over the weekend and when I spoke with the real estate agent representing the buyer, was told that there are several offers on the property. When I review showing statistics on my own listings, I see that buyers are still out there, but definitely, we're not seeing as many as we did last month. So... what does it all mean?

• The home buyers that we're seeing this time of year are SERIOUS buyers... not many looky loos. - PRO
• We are seeing multiple escrows... well priced and presented homes are selling! - PRO
• Homes show beautifully during the holidays, because they sparkle. There's a sense of comfort and happy families... they just feel good. - PRO
• There are definitely less buyers looking. What this means that if the right buyer for your home does not come along, your home might be considered "aged" in the eyes of future buyers who will be looking at time on the market. - CON
• Sellers that occupy homes that they're selling will definitely encounter some inconveniences... scheduling their activities around home buyers. - CON

So... should you put your home on the market now? Absolutely! If you don't mind putting up with some inconvenience. It has to be showcased, well marketed and priced well for it to sell.

What do you think?

READ MORE: Does home staging work?

The right paint colors for your home

Recently, I had several conversations with both Pasadena real estate agents and real estate appraisers about the declining market. Pasadena being part of Los Angeles county is automatically considered to be a declining market by many. Is this a true assessment of the Pasadena real estate market? Can we make one blanket statement that will apply across all Pasadena neighborhoods, property types and price ranges? I don't think so.

Has the real estate market in Pasadena come down from the heights we've seen in 2006 and 2007? Of course! The volume of available inventory went up and we are seeing distressed sales - both short sales and foreclosures. However, we are still seeing multiple offers for certain homes and areas.

Just for the fun of it, I wanted to take a look at Pasadena's home sales under $1Million and over $1Million to see whether or now we see a decline in the price per square foot across the board.

Pasadena Real Estate - Home Sales Under $1 million

Looking at the numbers above, it looks more like a fairly stable market. August 2009 started at $338 per sq. ft. with a few ups and downs and ended in October of 2010 with $334 per sq. ft. Not much of a decline in 15 months!

Pasadena Real Estate - Home Sales Between $1M to $3M

With Pasadena homes in the higher price range, there's a bit more of a variance in price per sq. ft. However, looking at the graph above, I am not seeing a steady decline, just the seasonal ups and downs of a real estate market.

Pasadena Real Estate - Luxury Estates Over $3 Million

Quite a few changes from month to month here mainly driven by volume and availability of these estates for sale. We have been seeing 1 to 2 sales a month and with some months, no sales at all. Most of these estates sell in the mid to high $3 million range with some selling in the $5 million price point.

I think we can safely say that if you are a seller that the higher pricing tier is definitely suffering.

So, is Pasadena real estate market considered to be a decilining market? Judge for yourself.