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Nov. 8, 2010

Mortgage Insurance: How do you want to take your medicine?

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

Mortgage insurance is a lot like medicine. You know you have to have it but it doesn't mean you have to like it. When you take medicine you can often choose to take it in a liquid, a pill or a shot. What many consumers don't know is that mortgage insurance also gives you choices when taking your "medicine".

Why Mortgage Insurance?

Mortgage insurance, also known as Private Mortgage Insurance or PMI, helps lenders mitigate risk and exposure when lending to borrowers who are putting less than 20% down on the purchase or has less than 20% equity for a refinance of the their home. Without Mortgage insurance home buyers would have to save for a significant down payment and wait much longer to purchase a home.

How does it work?

Mortgage Insurance is designed to compensate lenders and or investors for losses due to the default of a mortgage loan. For instance

  • A borrower buying a $150,000
    home makes a 10%, or $15,000, down payment.
  • The lender then obtains
    private MI on the borrower's $135,000 mortgage, reducing its exposure to loss
    from $135,000 to $101,250.
  • The private MI covers the top
    portion of the mortgage - usually the top 25% to 30%. In this case, the MI will
    absorb 25%, or $33,750, of any ultimate loss to the lender.

What are your choices?

The cost of mortgage insurance will vary depending upon the loan term, type of loan, credit scores (typically a 680 mid score is required on conventional loans), proportion of total home value that is financed and amount of coverage required for the loan program. However, there are choices you can make as to how you want to pay.

There is no one size fits all solution to mortgage insurance, there are pros and cons to each option. The key is to choose the one that best fits your situation. The problem is that many lenders only offer one option without educating the borrower on the available options or taking the time to evaluate which one fits the individuals needs best.

Monthly Mortgage Insurance The most common type of mortgage insurance, it is added each month to your principal and interest payment. For instance with a $200,000 loan with a 10% down payment and a 700+ FICO on a 30 year fixed rate loan, the annual mortgage insurance would be approximately .56%. Divided over 12 months which means you will pay an additional $93.33 per month in addition to your monthly payment.


type of mortgage insurance can be removed typically when your properties value
increases (based on a new appraisal) so that your loan is a total of 75% of the
value of the home. Also under the
Federal Homeowner's Protection Act MI can be cancelled automatically when the
loan amount reaches 78% of the original appraised value.

homeowners may have some tax deductibility with mortgage insurance. The MI tax deductibility
provision passed in 2006 provides for an itemized deduction for the cost of
homeowners earning up to $109,000 annually. The original law was extended
through the 2010 tax year.

Single Premium - Mortgage Insurance can be paid in a single premium. On the same $200,000 loan with a 10% down payment and 700 FICO and a 30 year fixed rate you can purchase a single premium for approximately 1.45% or $2900. Now this may sound like a large sum for someone who is struggling to put together the 10% down payment. However what borrowers dont always think about is their ability to negotiate to have the seller pay expense for them. It is important to discuss this option with your Realtor prior to making an offer. Many times your offer will be slightly higher in order to offset the cost you are asking to have paid by the seller.

Idea for home Sellers - This is also something for home sellers to think about. If you want to have your property stand out in the market offering to pay for the mortgage insurance for a home buyer is a BIG plus. For a $2900 expenditure (using the example) you will be saving the buyer $1116 per year ($93 x12). Assuming it takes 5 years to accumulate enough appreciation to remove the mortgage insurance the buyer would realize as a savings of $5580 for a $2900 expenditure on your part.

Split Premium- This is a newer option that allows for a partial payment upfront and the balance paid monthly. Using the same $200,000 loan you would pay approximately .84% upfront ($1680) and .70% annually or $70 per month. This is a way for the seller to pay a portion and the buyer to finance the remainder monthly.

Lender Paid Mortgage Insurance - Whenever you hear about a 10% down loan with no mortgage insurance you need to be a bit suspicious. Chances are you are being sold Lender Paid Mortgage Insurance. In this instance you agree to accept a higher interest rate (usually about .375% to .50% higher) and the lender pays the mortgage insurance on your behalf.


This is an excellent option for homebuyers with incomes that do not qualify for the Mortgage Insurance Tax Deduction. It allows the home buyer to take an expense that is non-tax deductible and convert it into an interest expense which has potential tax deductibility.
The total payment with mortgage insurance and the increased payment with lender paid mortgage insurance are usually very close. The only drawback to lender paid mortgage insurance is the inability to remove it. With the monthly mortgage insurance you are able to decrease your payment after your equity increases.

READ MORE: Do you need a buyer's agent when shopping for a home?


Mondie Pic'l is the Branch Manager with Fairway Mortgage. She has over 25 years
mortgage banking experience and has demonstrated a lasting commitment to
providing personalized customer service.

Please feel free to visit Mondie's web site at Her
direct line is 626-233-1303

Nov. 1, 2010

Pasadena Condo for Sale in the Playhouse District

Quattro Blu, a newer complex located at 128 North Oak Knoll Avenue brings you a beautiful penthouse style condo for sale - 128 North Oak Knoll #309.

This beautiful 2-story penthouse condo in Pasadena's Quattro Blu building is nestled in the heart of the Playhouse District and will be available for for sale soon.
Looking for urban living? If so, Quattro Blu is for you!
Quattro Blu offers upscale ambiance with easy access to restaurants, cafes, shops, several theaters and Pasadena's newly renovated City Hall. Minutes away from historic Old Pasadena, South Lake District, everything you would expect from Pasadena is at your fingertips.
With a WalkScore of 94 out of 100, this location is listed as Walker's Paradise with only 7% of Pasadena properties having a higher score! See below!

List Price: $585,000

MLS#: 22143097

Year Built: 2004

Bedrooms/Bathrooms: 3 bedrooms and 3 baths

Interior Square Footage Data per Assessor: 1,630 sq. ft.

HOA (Home Owner Association) Dues $421.00

Parking - subterranean 2 side by side parking spaces


  • Interior: 2 fireplaces, GE Profile Stainless Steel Appliances, Dual Zone Central Air Conditioning/Heating, Full Size Laundry Room inside the unit, Balcony overlooking a peaceful courtyard, Unit Wired for a Home Theater System including Surround Sound System and Wall Mount Plasma TV, Alarm System
  • Exterior: A chic, modern building with a gym, large private storage, secured parking with lots of guest parking, beautifully landscaped interior courtyard.


A formal entry leads you into this spacious condominium located on the top 2 levels of Quattro Blu. A spacious living room opens up onto a wrought iron balcony overlooking a lush, beautifully landscaped and sculpted interior courtyard. Wired for surround home theater system, both sound and tv, the living room has a fireplace for cozy evenings.

Entry level offers a bedroom, a luxurious full bath and a gourmet kitchen with stainless steel GE Signature appliances, granite counter tops and a bar making it perfect for entertaining.

Beautiful, winding staircase takes you to your master bedroom with its own fireplace. A lavish spa-like bathroom with an oversize tub, separate, stand-alone shower, dual sinks and multiple closets complete this master retreat.


A third bedroom with its own luxurious bath and a separate laundry room with included washer and dryer is on the 2nd floor level as well for the added convenience.

See all Pasadena Condos for sale here.

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!

Posted in Buyers, Pasadena
Oct. 27, 2010

Have Mortgage Rates Bottomed Out?

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

As I work with Pasadena home buyers, the number one question that I get is have the mortgage rates bottomed out?

I recently had the opportunity to watch the movie Ghostbusters. Its hard to believe that this movie is over 25 years old having been originally released in 1984. However, for those of us who saw it in the theaters when it was originally released there are some things that really date the movie.
For starters my eight year old had no idea who the Stay Puff Marshmallow man was, Dan Ackroyd was much thinner, Bill Murray was funny and they walk out of a bank have just secured a 19% home mortgage to start their Ghostbusters business. Yes, that is correct 19%.

I know, only a mortgage banker would notice something like this but believe it or not these were the actual rates in the early 1980s. Even more astounding was that the rate was 20% (the rate home equity lines and credit cards are tied to).
I have always said that getting a great rate is a matter of perspective.

When rates are bouncing between 18% and 17.5% and you are able to lock a 16.875% its natural to think you got a great rate. When I purchased my first home in 1989 I locked a 10.25% rate on a 10/1 ARM and was thrilled. 30 Year fixed rates were 12%. When I purchased my second home in 1999 I secured a Jumbo 30 year fixed rate at 6.25% and again thought I was brilliant since rates had been hovering a 7%. Today those rates sound crazy!
Today rates on a 30 year fixed rate conforming loan (under $417,000) are hovering between 4% and 4.25%. We have never seen this rate before on a 30 year fixed rate mortgage going all the way back to 1964 (the oldest chart I located).

So why are some home buyers waiting for lower rates?

Everybody is an optimist thinking rates are going lower ...until they dont. The bond market (which determines mortgage rates) can be fickle. The one thing it has taught us is that rates can go up much faster than they come down. Since everybody has a different tolerance to risk it is good to know what you are risking by waiting for rates to drop further. Many times people get hung up on the rate itself. After all 3.75% sounds so much better than 4% without realizing what this equates to in a monthly payment.

For instance:

$250,000 Home Mortgage

4% rate for 30 year fixed

$1193.53 Monthly Principal and interest payment

3.75% rate for 30 year fixed

$1157.78 Monthly Principal and Interest Payment

You will save an additional $35.74 per month by waiting for a 3.75% rate.

However if the market is volatile you may be risking as much as a .50% rate swing up which would cost an addition $73.18 per month over the 4.00% rate available today.

This volatility makes timing the bottom very difficult. One thing that can hedge your decision to lock is to find a lender that has a written float down policy so that if interest rates decline while you are in escrow you have the security of a locked rate with the opportunity to improve that rate should the market drop, taking the risk out of the situation for you.

I cant help but wonder what we will all say in 2035 when we are watching an old movie and a character mentions just having secured a 4.00% rate on their home mortgage. Just how unbelievable will that sound?


Mondie Pic'l is the Branch Manager for Fairway Mortgage. She has over 25 years
mortgage banking experience and has demonstrated a lasting commitment to
providing personalized customer service.

Please feel free to visit Mondie's web site at Her
direct line is 626-233-1303

Oct. 17, 2010

How to Shop for a Mortgage Rate

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

Some people love to shop. However when it comes to shopping for a loan, shopping isnt exactly fun! It can be complex and overwhelming. However there are some key things you can do to make sure you get the best terms.

When shopping rates it is always imperative that you shop rates on the same day. Mortgage rates change daily so if you talk to lender A today and lender B tomorrow you are not comparing the same data. Call Lender A back to get an update on their rates. The time to shop is when you are ready and able to lock a rate. I always advise my clients to pick one lender to prequalify with and then shop the rate once an offer has been accepted. There is no need to prequalify with multiple lenders and any rates you are given prior to an accepted offer will be different by the time you are actually ready to move forward. The same holds true when refinancing.

Know your credit score. In todays credit environment a credit score can make a difference in your rate and terms. In some cases it will alter the rate by .125%. If you have been prequalified and are shopping for a rate be sure to get your middle credit score from the lender who prequalified you so that you are shopping with comparable parameters.

It is also important to get a breakdown of fees from each lender. You need to know what you are paying for in advance from each lender you are working with. One lender may quote you an origination fee but fail to disclose a discount point (an upfront cost to secure a lower rate over the term of the mortgage). On a purchase you need only compare the lenders fees. Title and escrow will be estimates as the lender has no control over who is selected to perform those services.

On a refinance the total of the fees including title and escrow are important. A line item total will tell you who has the best cost vs. rate.

READ MORE: What kind of closing costs can you expect?

When you are ready to commit to a lender you will need to cover a few basic questions with them:

When can I lock my rate?
Due to the number of low appraisals and more stringent credit criteria many lenders will not offer a rate guarantee until your appraisal is completed OR your loan is fully approved. This makes shopping for a rate very difficult. The rate may be very attractive when you apply only to find that it has changed when you are able to lock a loan. A rate lock at application is always the best

How long is my rate lock good for?
On a purchase you want to make sure your rate guarantee covers the length of your escrow. A 30 day rate lock does you no good on a 45 day escrow. On a refinance many of the larger banks are offering a 90 Day rate guarantee which sounds great until you find out it will take 90+ days to get your loan closed and you are in fact paying a higher rate and or points to go with the 90 Day guarantee rather than selecting a lender that can offer a 30 day guarantee and close your loan within 30 days. Remember the longer the rate guarantee the more expensive the cost to you.

Can I float my rate down?

There is sometimes an option to float your rate down if rates decrease during the processing of your loan. It is an important question to ask as most lenders will not volunteer their policy. Some lenders offer to float down your rate as much as .375% at no cost. Other lenders offer to renegotiate your loan and get the rate within .125% of the current market. More often you are not offered any type of float down option in writing which makes it difficult to negotiate in the event rates drop. Whatever the float down you are offered it should be in writing. It may be the deciding factor why you select one lender over another.

What happens if my rate lock expires?
Most lenders will cover the rate extension if it is due to a delay on their part. However, if your escrow is delayed it can cost you up to .25% of your loan amount for each 10 day extension.

Make sure you have a good faith estimate or closing cost breakdown before you lock your rate and cut the competition loose.

Many borrowers assume they were quoted a 30 year fixed only to find it was a 5/1 ARM and by the time you get back to another lender to secure the rate they quoted you that rate could be gone. Review your good faith estimate with your lender and ask lots of questions.

Asking questions of your loan consultant is the key to getting the best loan at the best terms. It doesnt make the shopping for a loan any more fun but it will certainly give you more confidence when making the decision of which lender to select.


Mondie Pic'l is the Branch Manager with Fairway Mortage. She has over 25 years
mortgage banking experience and has demonstrated a lasting commitment to
providing personalized customer service.

Please feel free to visit Mondie's web site at Her
direct line is 626-233-1303

Oct. 12, 2010

Pasadena Home for Sale Staging. What is it?

I was exposed to ˜HOME STAGING several years ago when I heard Barb Schwartz, founder of and THE 'inventor' of the term ˜STAGING speak on the subject. I remember sitting in the audience of about 500 real estate agents thinking to myself - this makes a lot of sense.

Barbara, who has been staging homes since 1972 had single handedly created this brand new industry - STAGING. Barbara uses the following analogy to help us understand what Staging is all about:

Think of going to see a play in a theater. When you walk in, you see the stage, an audience, actors. You also know that theres a producer and the director behind the scenes. For the play to be a success, you need the play to be captivating and for all the seats to be full.


Now... lets say that your Pasadena house is a ˜set on a stage of that play. We would need to ˜Stage your house for the audience - potential buyers - who will be coming through to see it.

The seller would be a producer because the seller owns the home. The Realtor would be the director since she will set the scene for how each room should look, with the help of a stager, to ensure a ˜sellout performance, i.e. buyers coming through to look at the house. And, there would be critics - yes - critics! Who are the critics? The critics are the other Real Estate Agents who will decide whether or not to bring their clients to see the house. They will also spread the word about the house to the rest of the agents that didnt get to see it themselves.

I have staged quite a few homes since the time I met Barbara. Some homes were staged by myself and others with a Pasadena staging professional like Michelle Minch from Moving Mountain Designs.

Let me tell you - Staging works!!! Its that simple.

Of course, Staging works in concert with the Pricing of the home. But, with everything being equal, a home that is priced right and staged will sell quicker and for more money than a home that has not been staged!

Stay tuned for my next post where I will show you some statistics and provide you with some specific staging ideas.

In the meantime, if you would like to see some before and after pictures, please visit my Staging Show by clicking Play the Show button below.

Play the Show Button

Posted in Home Staging
Oct. 3, 2010

Sierra Madre Real Estate Market Report

If you are living in Sierra Madre or are thinking about relocating to Sierra Madre, you've come to the right place.

This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for Sierra Madre California. Bookmark this page and visit it each month to see how Sierra Madre homes and condos are faring in today's real estate market.

If you are already a Sierra Madre homeowner and would like to get a monthly email sent to you with real estate activity around your Sierra Madre home, please click here and order your real estate monthly market report. You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list.

If you are seriously considering selling your Sierra Madre home and would like a private consultation, please contact me at 626-629-8439 or Irina(at)Irina4RealEstate(dot)com.

Sierra Madre Homes for Sale Real Estate Statistics for the Summer of 2010:

Lowest price home sold in August 2010 in Sierra Madre was at 618 Woodland Drive and sold for $265,000.

Highest price home sold in August 2010 in Seirra Madre was sold at $720,000 and was located at 71 N Lima Street.

There are only 28 single family homes for sale which is 1/2 of 1% of avaiable housing units. There is defintiely not a lot of inventory available right now. On average, homes stay on the market for about 2 months before they are sold.

Single Family Residence May-10 Jun-10 Jul-10 Aug-10
New Listings 10 7 12 6
Total Listings 36 36 32 28
Sales Pending 18 10 5 5
Homes Sold 8 14 9 3
Listings Expired 5 3 6 3
Average Days on the Market 52 83 85 61
Average Price Per Sq. Ft. $373 $410 $423 $428
Median Selling Price $802,500 $738,000 $769,000 $390,000
Average Selling Price $788,550 $741,857 $886,778 $458,333
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 19.5 11.1 15.4 40.4
Condos and Townhomes May-10 Jun-10 Jul-10 Aug-10
New Listings 4 1 2 3
Total Listings 7 5 4 6
Sales Pending 0 2 3 0
Homes Sold 2 1 1 1
Listings Expired 0 1 0 0
Average Days on the Market 51 76 40 171
Average Price Per Sq. Ft. $342 $403 325.36 $369
Median Selling Price $598,000 $525,000 384900 $480,000
Average Selling Price $598,000 $525,000 384900 $480,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 15.2 21.7 17.3 26.0

See all homes for sale in Sierra Madre by clicking here.

Here are some of the homes for sale as listed in the MLS (Multing Listing Service)

Sierra Madre Real Estate Market Report for the month of June 2008:

Single Family Residence Jun-08
New Listings 23
Total Listings 60
Sales Pending 5
Homes Sold 5
Listings Expired 4
Average Days on the Market 131
Average Price Per Sq. Ft. $475
Average Selling Price $961,600
Condos and Townhomes Jun-08
New Listings 1
Total Listings 5
Sales Pending 1
Homes Sold 4
Listings Expired 0
Average Days on the Market 233
Average Price Per Sq. Ft. $435
Average Selling Price $745,000

Sierra Madre Real Estate Market Report for the month of May 2008:

Single Family Residence May-08
New Listings 14
Total Listings 41
Sales Pending 4
Homes Sold 9
Listings Expired 4
Average Days on the Market 72
Average Selling Price $758,000
Condos and Townhomes May-08
New Listings 3
Total Listings 9
Sales Pending 1
Homes Sold 1
Listings Expired 1
Average Days on the Market 65
Average Selling Price $575,000

*Data gathered from ITEC MLS

Posted By: Irina Netchaev - Pasadena California Real Estate Agent

Sept. 29, 2010

Don't Have a Large Down Payment? Good News for You!

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

When the credit crisis hit two years ago one of the
immediate casualties was the ability of Pasadena home buyers to purchase a new home with
a low down payment. The main
reason was the retreat of mortgage insurance companies and their unwillingness
to insure loans with less than a 10% down payment. Any financing with less than a 20% down payment will require mortgage

After the credit crisis the only alternative for low down
payment financing was FHA which allowed a 3.5% down payment. However, FHA mortgage insurance is also
going through changes of its own. As of October 1st the financed portion of FHA
mortgage insurance will drop from 2.25% to 1.00% of the base loan amount
($100,000 Base x 1% = $1,000 financed insurance vs. $2250).

Sounds like
good news right! Not so fast.

FHA has also increased the monthly premium from .55 to .90
(loan amount x .90 divided by 12) or .85 on greater than 5% down. This will
have a large impact on the monthly payment increasing it by roughly $29.25 per
$100,000 borrowed.

The good news is that the mortgage insurance companies are
stepping back into the market again giving home buyers another option with
Conventional financing.
Within the
last six months 5% down conventional financing came back into play for loan
amounts under $417,000 and 10% down financing became available for loan amounts
over $417,000 but under $625,500. This was improvement by 5% in each category. PMI, one of the largest insurance
companies, recently announced that as of October 8, 2010 they would begin
insuring 3% down conventional loans on loan amounts up to $417,000 in non distressed markets. Surprisingly the
distressed market areas have been shrinking and are limited to mostly non
metropolitan areas in each state. In addition to the market restrictions a 720
FICO score is also required.

FHA and Conventional Financing each have their own niches. For
instance the new lower down payment requirements for Conventional Financing
will enable Pasadena home buyers to purchase condos without having to ensure they are
FHA approved. FHA will allow home buyers with lower FICO scores to secure low
down payment financing. So it is
even more important with this ever changing lending market to make sure your loan
is knowledgeable in both FHA and Conventional financing to determine
which is the right fit and more cost effective for your situation. Having more options is good news for
the Real Estate Market as long as the home buyer is well informed as to the
pros and cons of each option.


Mondie Pic'l is the Branch Manager for Fairway Mortgage. She has over 25 years
mortgage banking experience and has demonstrated a lasting commitment to
providing personalized customer service.

Please feel free to visit Mondie's web site at Her
direct line is 626-233-1303

Sept. 28, 2010

Pasadena Condo Market Real Estate Update for the Summer of 2010

A few days ago, we looked at Pasadena's single family home sales performance. However, Pasadena California has a huge condominium and townhome market. The condos range from small studios starting below $200,000 to luxury penthouses in the million dollar range.

Currently, there are 182 condos available for sale with an additional 12 or so condos coming on the real estate market each week.

There are only 68 townhomes available for sale with an additional 4 to 5 townhouses going up for sale each week.

In August of 2010, about 4 condos and 2 townhouses sold each week.

Pasadena Condo and Townhouse Statistics for May 2010 through August 2010:

Condos May-10 Jun-10 Jul-10 Aug-10
New Listings 54 54 48 48
Total Listings 206 192 195 182
Sales Pending 37 50 34 15
Condos Sold 44 46 32 36
Listings Expired 14 23 25 23
Average Days on the Market 71 94 48 119
Average Price Per Sq. Ft. $356 $354 $360 $351
Median Selling Price $438,100 $434,500 $451,520 $426,500
Average Selling Price $452,305 $482,110 $362,000 $460,130
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 20.3 18.1 26.4 21.9
Townhomes May-10 Jun-10 Jul-10 Aug-10
New Listings 14 18 18 22
Total Listings 74 66 69 68
Sales Pending 12 18 11 7
Townhomes Sold 17 21 10 11
Listings Expired 4 13 10 9
Average Days on the Market 45 80 47 114
Average Price Per Sq. Ft. $366 $394 $384 $361
Median Selling Price $465,000 $536,000 $458,500 $440,000
Average Selling Price $511,118 $599,933 $591,950 $491,727
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 18.9 13.6 29.9 26.8

The highest priced condo sale in August 2010 closed escrow at $1,050,000 at 700 East Union #301. This condo also closed significantly higher when looking at price per square foot at $603.45. Compare that to the average price per square foot of closed sales at $351.48. This 1,740 sq. ft. condo is located in the Playhouse District in the Wallace Neff inspired Granada Court complex.

The highest price townhome sale in August 2010 closed at $999,000 and was located at 378 California Blvd. This townhouse sold a little under the average price per square foot of $360.60 and closed escrow at $321.02 per square foot.

Let's take a look at Pasadena Condos from a historical perspective.

Pasadena Condo Sales Price Historical View

Sold price of Pasadena condos has stayed pretty consistent and has dropped less than 1% from August 2009 to August 2010.

Pasadena Condos for Sale vs Sold Average Price

However the average time it takes to market the property and get it sold went up significantly by almost 50%. It now takes almost 4 months to sell a condo in Pasadena. Last year it took only 85 days on average to sell a condo.

Pasadena Condos average days on the market august 2010

Pasadena Townhome Sale Update

Average sold price of Pasadena Townhomes increased by 7.4% from August 2009 to August 2010!

Average Sold Pasadena Townhome price for August 2010

The number of days it takes to sell a townhome in Pasadena has also increased from last year this time by 45.7%.

Average days on the market for Pasadena townhome

If you are interested in seeing all Pasadena condos and townhomes available for sale, click on the links below for the most up to date, real time information as it gets entered into the MLS service.

Pasadena Condos and Townhomes for Sale in North East Pasadena

Pasadena Condos and Townhomes for Sale in North West Pasadena

Pasadena Condos and Townhomes for Sale in South East Pasadena

Pasadena Condos and Townhomes for Sale in South West Pasadena

For additional information on the trends in the Pasadena real estate market, give Irina a call at 626-629-8439 or email at Irina(at)PasadenaViews(dot)com.

Sept. 24, 2010

North West Pasadena Townhouses and Condos For Sale - Search Pasadena Listings

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Sept. 24, 2010

North East Pasadena Townhouses and Condos For Sale - Search Pasadena Listings