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April 27, 2010

Arcadia Homes for Sale: Dusty Deals for April 2010

Arcadia home buyers that qualify for the home tax credit have only a few more days to enter into a purchase contract with a seller. Unless, of course, they are looking for new construction homes to try to get their share of the California Home Tax Credit.

Below is a list of our Dusty Deals™ in Arcadia. Dusty deals™ are homes that have been listed on the market for over 3 months and are regular home sales, not foreclosures (REOs) or short sales. The reason we call them Dusty DealsTM is most home sellers are ready to "deal" and "wheel" and sometimes, we're able to negotiate a much better price with a regular sale vs. a short sale or even a foreclosure. So... without further delay, here's our Arcadia's dusty deals™ list:

Dusty Deals™ in Arcadia California:

Arcadia
Condo/Twnhome <500K
Address BR BA Price Price/Sq.Ft. MLS # DOM
1231 S
Golden West Ave. #30 Arcadia, CA 91107
2 2 $387,000 367.52 A09128071 140
1102
Fairview Ave. #D Arcadia, CA 91007
3 2 $449,000 285.44 A10006788 98
1140 E
Arcadia Ave. #000E
2 3 $458,000 329.50 22131559 166
582 W
Hungtington Dr. #N Arcadia, CA 91007
2 3 $459,000 332.13 W09088121 188
Arcadia
Condo/Twnhm 500K-1M
Address BR BA Price Price/Sq.Ft. MLS # DOM
447
Fairview Ave. #3 Arcadia, CA 91007
3 3 $538,000 292.71 C10007253 95
306 S 1st
Ave. #105 Arcadia, CA 91006
3 3 $559,000 285.20 12132243 124
152 El
Dorado St. #B Arcadia, CA 91006
3 3 $668,000 443.85 A1000533 113
19 Genoa
St. #B Arcadia, CA 91006
3 4 $718,000 437.01 W09129411 138
49 E
Colorado Blvd. #5 Arcadia,CA 91006
3 3 $750,000 353.27 W09129698 138
Arcadia
SFR 500K-1M
Address BR BA Price Price/Sq.Ft. MLS # DOM
2703
Heather Heights Ave. Arcadia, CA 91006
4 2 $549,000 322.94 A10007569 95
9637 E
Naomi Ave. Arcadia, CA 91007
3 2 $599,900 400.47 I09129585 145
10236 E
Live Oak Arcadia, CA 91007
4 3 $628,000 418.67 A10002537 109
2715
Fairgreen Ave. Arcadia, CA 91006
4 3 $659,000 231.23 C0905412 349
260 Renoak
Way Arcadia, CA 91007
3 2 $690,000 393.16 22133197 112
6602 N
Golden West Ave. Arcadia, CA 91007
3 3 $729,000 340.97 C09126415 156
1232 Short
Stree Arcadia, CA 91006
3 2 $748,000 368.47 W09127316 145
401 Walnut
Ave. Arcadia, CA 91007
4 3 $850,000 375.44 F1829407 117
171 E
Longden Ave. Arcadia, CA 91006
3 3 $949,999 420.91 S0912106 139
756
Katherine Ln Arcadia, CA 91006
4 3 $999,000 317.34 A10006203 99
Arcadia
SFR 1M+
Address BR BA Price Price/Sq.Ft. MLS # DOM
1765
Oakwood Ave. Arcadia, CA 91006
3 3 $1,020,000 420.79 H09077540 284
137 W
Winnie Way Arcadia, CA 91006
4 3 $1,168,000 399.86 A10002753 109
331
Cambridge Dr. Arcadia, CA 91007
4 4 $1,188,000 428.73 A10000388 113
1716 S 2nd
Ave. Arcadia, CA 91006
4 5 $1,268,000 419.73 H09116647 177
640 Via
Arbolada Dr. Arcadia, CA 91006
4 4 $1,448,000 475.07 22130833 190
106 W Le
Roy Ave. Arcadia, CA 91007
4 5 $1,480,000 453.15 A09118449 173
1130 N
Michillinda Ave. Arcadia, CA 91006
4 4 $1,499,999 417.83 Y905035 192
1215 S 1st
Ave. Arcadia, CA 91006
4 4 $1,599,000 393.65 A09070129 305
412
Joaquin Rd. Arcadia, CA 91006
4 5 $1,638,000 520.83 A09130270 135
493 Walnut
Ave. Arcadia, CA 91007
5 3 $1,680,000 566.42 W09062757 323
421 W
Lemon Ave. Arcadia, CA 91007
5 4 $1,680,000 293.09 22131436 174
1800 Lee
Ave. Arcadia, CA 91006
5 5 $1,690,000 332.42 W09122575 160
480
Rosemarie Dr. Arcadia, CA 91007
4 5 $1,988,000 414.77 A09060325 320
639
Arbolada Dr. Arcadia, CA 91006
5 5 $1,999,000 464.88 A09117642 181
2222 S 2nd
Ave. Arcadia, CA 91006
5 6 $2,450,000 350.95 A10000440 113
905
Singing Wood Rd. Arcadia, CA 91006
4 4 $2,698,000 585.63 A09128752 140
1020
Fallen Leaf Rd. Arcadia, CA 91006
6 7 $2,888,000 503.66 A09070331 302
725
Carriage House Dr. Arcadia, CA 91006
6 7 $3,080,000 521.59 A09131645 131
367
Monterey Pines Dr. Arcadia, CA 91006
5 6 $6,880,000 1054.41 22129988 210
368
Whispering Pines Arcadia, CA 91006
6 8 $6,995,000 894.62 O8312893 579
325
Whispering Pines Dr. Arcadia, CA 91006
6 10 $7,190,000 719.00 H09115515 181

So, whether you are looking to find a property in the next few days or are looking for just that right Arcadia home for sale, use the resources available on this real estate site to search for your next house, condo or townhome.
As always, we are here to answer your questions and provide you with guidance.

Here's a list of homes that are currently on the market in Arcadia:

To see all Arcadia home details, please visit Arcadia homes for sale which is updated every few hours and search like a real estate agent.

Pasadena Views Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

(626)629-VIEW (8439)

Posted in Arcadia, Buyers, Dusty Deals
April 25, 2010

Homeowner Tax Credit is About to Come to an End for Pasadena Home Buyers

The heat is on for those who are out shopping for Pasadena homes right now - as the
Homebuyers Tax Credit is about to come to an end.

Last November, the government expanded and extended the new Homebuyers Tax
Credit. According to the program, first-time homebuyers are eligible for a tax
credit of up to 10% of the purchase price of the home, with a maximum credit of
$8,000. And current homeowners are eligible for up to $6,500.

Although military personnel may qualify for a special extension, the vast
majority of homeowners must have contracts in effect no later than April 30,
2010 and must close no later than June 30, 2010 to qualify for the credit.

This means that homebuyers now have less than one week to get
their paperwork going to qualify for this credit, before it goes
away!

Here are some important details about this tax credit.

Dollar-for-Dollar Benefit

The benefit of a tax credit is that it's a dollar-for-dollar benefit, rather
than a "tax deduction" or reduction in tax liability that would only reduce
$1,000 to $1,500 when all was said and done.

So, if a first-time homebuyer who qualified for the entire benefit were to
owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she
would owe nothing.

Even Better... It's Refundable!

Remember, because it's a tax credit, it's refundable! That means a homebuyer
can receive a check for the credit if he or she has little or no income tax
liability.

For example, if a first-time homebuyer is eligible for a tax credit of $8,000
but is liable for $4,000 in income tax, she can still receive a check for the
remaining $4,000!

What are the Income Caps?

Single tax filers with incomes up to $125,000 are eligible for the total
credit amount. Those who earn more than this cap can receive a partial credit.
However, single filers with incomes of $145,000 and above are ineligible.

Joint filers with incomes up to $225,000 are eligible for the total credit
amount. Those who earn more than this cap can receive a partial credit. However,
joint filers with incomes of $245,000 and above are ineligible.

What's the Maximum Purchase Price?

Qualifying buyers may purchase a property with a maximum sales price of
$800,000.

READ MORE: Pasadena's
Real Estate Market Activity: Back to Basics

Pasadena
Real Estate Guide

Read
5 home buyer tips for getting more home for your $.

9
Stupid Things Buyers do to Mess Up their Home Purchase

Multiple
Offers on Pasadena Homes?

If you or someone you know is in the process of purchasing a
home, this is an important week to take action - feel free to forward this
article to anyone who it might benefit. And give me a call at 626-629-8439 with any questions -
the clock is ticking and the deadline is Friday!!

 

PasadenaViews
Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

Posted in Buyers, Sellers
April 21, 2010

Monterey Hills Condo Sales are on the Rise

Monterey Hills condo sales are slowly.... very slowly... rising. Only 4 closed condo sales last month. However, the inventory of newly listed condo units is up to 9 last month with the overall volume still staying under 20 properties.

If you are shopping for a Monterey Hills townhome, you have a long wait... nothing is coming up for sale. Home owners in Monterey Hills are holding on to their condos and townhomes and rent them vs sell them to avoid taking a hit in the selling price.

Since this area is only minutes to downtown LA and is loved by USC Medical students for the convenience to the USC medical center, Pasadena's old town, restaurants and shops, these Pasadena agent condos are quite easy to rent. Most units are 2 bedrooms and 2 baths and quite a few floor plans have 2 master suites with bedrooms on opposite sides of the living room - great for room mates.

READ MORE:

Top 10 Tips on Buying a condo in Monterey Hills

Here's what the last couple of months of real estate sales look like.

Monterey Hills Condos and Tonwhome Sales Information for 1Q10:

Condos Jan-10 Feb-10 Mar-10
New
Listings
8 4 9
Total
Listings
18 19 19
Sales
Pending
7 6 8
Homes Sold 1 2 5
Listings
Expired
2 3 2
Average Days
on the Market
13 73 50
Average
Price Per Sq. Ft.
$342 $247 $291
Median
Selling Price
$225,000 $327,500 $325,000
Average
Selling Price
$225,000 $327,500 $318,900
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
78.0 41.2 16.5
Townhomes Jan-10 Feb-10 Mar-10
New
Listings
0 1 1
Total
Listings
2 2 1
Sales
Pending
0 2 1
Homes Sold 0 0 0
Listings
Expired
1 0 0
Average Days
on the Market
n/a n/a n/a
Average
Price Per Sq. Ft.
n/a n/a n/a
Median
Selling Price
n/a n/a n/a
Average
Selling Price
n/a n/a n/a
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
n/a n/a n/a

If you are interested in Monterey Hills and would like to get more informaiton about specific Monterey Hills complexes, take a look at these informative articles below:

Austin Terrace

Bradley Court - PUDs

Huntington Terrace

Fremont Villas

Linden Heights

Vallejo Villas

As always, if you have any questions about Monterey Hills real estate or need help with buying a condo, give us a call. If you are thinking of selling your Monterey Hills condo or townhomes, we have buyers - so please call us to discuss what your condo or townhome is worth. We're always happy to be of service.

PasadenaViews
Real Estate Team 

 

 

Monterey Hills Real
Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

April 14, 2010

Pasadena Luxury Homes for Sale over $5 Million

Luxury Pasadena Homes for sale over $5,000,000

[idx-listings city="Pasadena" minprice="5000000" propertytypes="513" orderby="DateAdded" orderdir="DESC" count="100" showlargerphotos="true"]

April 6, 2010

Pasadena Condos for Sale: Dusty Deals(TM) for Buyers for April 2010

Pasadena Dusty Deals!

We have been a bit behind in posting our Dusty Deals™ lists for Pasadena and surrounding areas. So... over the next few days, we'll be posting these condos and homes for your review.

A quick reminder of what a Dusty Deal™ is. It's a home or condo that has been listed for sale on the real estate market for over 3 months. The reason we call them Dusty Deals™ is most home sellers are ready to "deal" and "wheel" and sometimes, we're able to negotiate a much better price with a regular sale vs. a short sale or even a foreclosure. So... without further delay, here's our Pasadena's dusty deals list:

South Pasadena Condos for Sale under $500,000 - Dusty Deals

Address BR BA Price Price/Sq.Ft. MLS # DOM
65 N Allen Ave. #205
Pasadena, CA 91106
2 2 270,000 232.96 O9389435 238
347
Parke St #102 Pasadena, CA 91106
3 3 449,000 275.63 A08136153 554
64 N Mar
Vista Ave #332 Pasadena, CA 91106
1 1 349,999 522.39 P702933 201
190
Arroyo Ter #111 Pasadena, CA 91103
1 1 375,000 340.29 22132189 116
64 N Mar
Vista Ave #125 Pasadena, CA 91106
1 1 225,000 375 P695834 229
497 S El
Molino Ave #110 Pasadena, CA 91101
2 2 349,900 344.05 22131613 136
2473
Oswego St #14 Pasadena, CA 91107
2 2 374,990 308.38 C09081728 245
430 S
Los Robles Ave #4 Pasadena, CA 91107
1 2 399,999 379.87 F1811202 288
41 S
Vinedo Ave #8 Pasadena, CA 91107
2 3 405,000 360.64 P712130 127
2424
Oswego St #5 Pasadena, CA 91107
2 3 499,000 409.35 A09105894 179
2424
Oswego St #3 Pasadena, CA 91107
2 3 499,000 423.6 A0915890 179
2424
Oswego St #4 Pasadena, CA 91107
2 3 499,000 376.32 A09105893 179
360 S
Euclid Ave #132 Pasadena, CA 91101
2 2 435,000 418.27 22128002 239
543 S
Marengo Ave #6 Pasadena, CA 91101
2 3 439,000 393.37 22130432 153
130 S
Mentor Ave #103 Pasadena, CA 91106
2 2 499,000 446.73 W08152056 523
130 S
Mentor Ave #203 Pasadena, CA 91106
2 2 499,000 475.24 W09093620 214
130 S
Mentor Ave #204 Pasadena, CA 91106
2 2 499,000 457.8 W09093876 214

South Pasadena Condos for Sale from $500,000 to $1,000,0000 - Dusty Deals

Address BR BA Price Price/Sq.Ft. MLS # DOM
1964 E
Villa St Pasadena, CA 91107
3 3 599,000 313.28 B2106022 203
348 N
Orange Grove Blvd. Pasadena, CA 91103
2 3 524,900 378.99 22129457 199
190
Arroyo Ter #203 Pasadena, CA 91103
3 2 557,000 363.81 22132976 104
2429
Mohawk St. #2 Pasadena, CA 91107
2 3 515,000 415.32 O9414593 125
840 E
Green St. #424 Pasadena, CA 91101
1 1 544,880 552.06 22132414 125
2449
Oswego St. #8 Pasadena, CA 91107
3 3 618,000 384.33 22132453 120
700 E
Union St. #303 Pasadena, CA 91101
1 2 619,000 549.25 22130733 173
2424
Oswego St. #6 Pasadena, CA 91107
3 3 629,000 386.36 A09105896 186
2424
Oswego St. #7 Pasadena, CA 91107
3 3 629,000 374.4 A09105900 186
931 E
Walnut #508 Pasadena, CA 91106
2 3 634,000 358.8 22127229 266
652 S
Lake Ave. #2 Pasadena, CA 91101
2 3 699,000 536.87 22132500 123
840 E
Green St. #506 Pasadena, CA 91101
2 2 825,000 487.88 22118792 450
931 E
Walnut #203 Pasadena, CA 91106
1 2 880,000 412.56 22128974 222
650 S
Lake Ave. #7 Pasadena, CA 91101
3 4 929,000 484.86 22132662 116
120 S
Mentor Ave #204 Pasdena, CA 91106
2 3 559,000 401 W08152076 530
125 N
Raymond Ave. #302 Pasadena, CA 91103
1 2 570,000 590.06 22124631 314
125 N
Raymond Ave. #402 Pasadena, CA 91103
1 2 570,000 590.06 22129543 206
125 N
Raymond Ave. #209 Pasadena, CA 91103
1 2 645,000 559.9 22129541 206
125 N
Raymond Ave. #510 Pasadena, CA 91103
1 2 655,000 568.58 22124975 313
125 N
Raymond Ave. #408 Pasadena, CA 91103
2 2 665,000 578.26 22124971 311
457 S
Marengo Ave. #12 Pasadena, Ca 91101
3 3 699,000 426.22 O9373095 313
120 S
Mentor Ave. #102 Pasadena, CA 91106
3 3 699,000 425.18 W08152069 530
120 S
Mentor Ave. #203 Pasadena, CA 91106
3 3 699,000 404.51 W08152075 530
125 N
Raymond Ave. #501 Pasadena, CA 91103
2 3 745,000 539.86 22124972 314
125 N
Raymond Ave. #411 Pasadena, CA 91103
2 2 795,000 421.53 22125606 309
125 N
Raymond Ave. #206 Pasadena, CA 91103
2 3 795,000 588.45 22129542 206
125 N
Raymond Ave. #204 Pasadena, CA 91103
2 3 795,000 572.77 22129714 201
437 S Orange Grove
Blvd. #3 Pasadena, CA 91105
2 3 799,000 380.11 22124260 332
44
Arroyo Dr. #102 Pasadena, CA 91105
2 3 799,000 384.32 22109819 686
44
Arroyo Dr. #202 Pasadena, CA 91105
2 3 799,000 391.47 22113716 589
125 N
Raymond Ave. #305 Pasadena, CA 91103
2 3 810,000 583.57 22129728 201
250
Delacy Ave. #206 Pasadena, CA 91105
3 3 895,000 501.68 22131990 141
40
Arroyo Dr. #201 Pasadena, CA 91105
2 2 995,000 414.07 22108707 689
44
Arroyo Dr. #201 Pasadena CA 91105
2 2 995,000 455.17 22113708 252
1235 S
Orange Grove Blvd. #5 Pasadena, CA 91105
3 3 995,000 361.29 22126113 274
250
Delacy Ave. #204 Pasadena, CA 91105
3 3 998,000 579.22 22125350 312

Interested in seeing all condos available for sale in Pasadena? Take a look below...

Pasadena California Condos for Sale:

For all the details on the Pasadena condos above, please click on the Pasadena condo and townhome search here. These real estate listings are updated every two hours so you can now search for your next home at a click of a button.

Give us a call or email us for more information or help.

READ MORE:

Pasadena Real Estate statistics for February 2010

PasadenaViews
Real Estate Team

Pasadena Real
Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

Posted in Dusty Deals
March 30, 2010

Pasadena Homes For Sale Real Estate Statistics for February 2010

Pasadena real estate median sales price for single family homes went up 8.5% from last month. However, the median price is 17.1% higher than last February 2009. Looking at the last 3 years, the picture is not so pretty, pasadena's median price is down almost 30% from 2007.

1 month 1 year 3 years
Jan 10 Feb 10 % Change Feb 09 Feb 10 % Change Feb 07 Feb 10 % Change
Median Price 518 562 8.5% 480 562 17.1% 780 562 -27.9%

Here are the real estate statistics for the last 2 months (based on ITEC Multiple Listing Service):

Single
Family Residence
Jan-10 Feb-10
New
Listings
67 70
Total
Listings
207 216
Sales
Pending
61 76
Homes Sold 48 46
Listings
Expired
22 21
Average Days
on the Market
87 82
Average
Price Per Sq. Ft.
$355 $356
Median
Selling Price
$531,500 $566,000
Average
Selling Price
$664,954 $659,696
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
18.7 20.3
Condos Jan-10 Feb-10
New
Listings
56 50
Total
Listings
149 171
Sales
Pending
33 28
Condos Sold 33 23
Listings
Expired
37 8
Average Days
on the Market
79 78
Average
Price Per Sq. Ft.
$367 $346
Median
Selling Price
$413,000 $425,000
Average
Selling Price
$414,088 $475,478
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
19.6 32.2
Townhomes Jan-10 Feb-10
New
Listings
26 21
Total
Listings
67 61
Sales
Pending
2 15
Townhomes Sold 4 15
Listings
Expired
0 1
Average Days
on the Market
65 92
Average
Price Per Sq. Ft.
$421 $337
Median
Selling Price
$ 503,500 $
549,000
Average
Selling Price
$ 504,250 $
514,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
72.6 17.6

Please note the data is a bit different from the table at the top of the post given the timing of home sales pull.

If you were to buy a Pasadena home 7 years ago, you'd still be ahead on your investment - about 30% ahead. Average price per square foot in February 2003 was $287.

Pasadena Price Per Square Foot - 7 year review

Interestingly enough, Pasadena condos and townhomes did even better 7 years running. They are ahead over 45%.

1 month 1 year 7 years
Nov 09 Feb 10 % Change Feb 09 Feb 10 % Change Feb 03 Feb 10 % Change
Avg. Sq. Ft. Price 356 356 0.1% 343 356 3.7% 245 356 45.4%

Pasadena Foreclosure Statistics:

There are currently 15 foreclosure homes available for sale.

Average foreclosure list price is $451,580.

17 Pasadena foreclosures are currently under contract and are in escrow.

In the last 6 months, there were 56 foreclosure homes that closed escrow and sold on average at 101% of list price.

35 of the 56 homes were sold over asking. Some as much as 18% over asking!

Interested in seeing what is currently available? If so, you can search all Pasadena Foreclosures here.

See all Pasadena Homes for Sale below:

See the listing feed of all Pasadena homes above for all the details and information. it is updated every few hours.

You can also see all the property listing feeds by city or zip code.

READ MORE:

San Marino Real Estate Statistics

San Gabriel Real Estate Statistics

Altadena California Craftsman

PasadenaViews
Real Estate Team 

Pasadena Real
Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

March 21, 2010

San Marino Homes Sold Statistics for February 2010

San Marino homes are missing in action... there's very limited inventory of homes for sale in San Marino under $2 million. Only a few homes are available for sale under $1.5 million and plenty of home buyers ready to move their families into this exclusive city and send their kids to the best rates school district in California.

Looking at the last couple of months, the average sales price of a home in San Marino is close to $2 million and only a few homes came up on the market in February. The three homes listed were between $1.98 Million and $5.388 Million.

Single Family Residence Dec-09 Jan-10 Feb-10
New Listings 7 7 3
Total Listings 25 24 22
Sales Pending 9 4 5
Homes Sold 15 8 3
Listings Expired 7 1 5
Average Days on the Market 41 57 213
Average Price Per Sq. Ft. $612 $593 $535
Median Selling Price $1,750,000 $1,429,900 $1,900,000
Average Selling Price $1,877,617 $2,153,100 $1,826,667
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 7.2 13.0 31.8

Read More: Pasadena Real Estate Trends

Here are some interesting San Marino real estate statistics:

Average San Marino Home Price Sold in January of 2010 was $2,153,000

Average San Marino Home Price Sold in February of 2005 was $1,670,000 - 9.3% lower than February 2010.

Average San Marino Home Price Sold in February of 2009 was $1,450,000 - 25.9% lower than February 2010.

San Marino's real estate 10 year trend:

This graph is pretty telling... San Marino homes continue to be a great investment. Price per square foot has more than doubled since February of 2000!

San Marino 10 year real estate trend

1 month 1 year 10 years
Nov 09 Feb 10 % Change Feb 09 Feb 10 % Change Feb 00 Feb 10 % Change
Avg. Sq. Ft. Price 566 607 7.3% 597 607 1.7% 303 607 100.5%

Real estate statistics above have been pulled from the Pasadena Foothill Association of Realtors, ITEC MLS.

If you are looking to buy a home in San Marino or just would like to keep abreast of the real estate inventory, take a look at the San Marino homes for sale below:

 

 

To see all the details on these real estate listings, please visit our San Marino listing feed here. It is updated every 2 hours as new homes come up for sale.

If you are interested in selling your San Marino home and would like to find out how much it is worth, give us a call for a free and confidential consultation at 626-629-8439.

 

IRINA NETCHAEV & ASSOCIATES

San Marino Real Estate Agents

Pasadena, California

(626)629-VIEW(8439)

March 21, 2010

Sierra Madre Foreclosures - Homes for Sale - REOs in California

[idx-listings linkid="124694" count="10000" showlargerphotos="true"]

March 20, 2010

Pasadena Homes For Sale Real Estate Statistics for February 2010

Pasadena real estate median sales price for single family homes went up 8.5% from last month. However, the median price is 17.1% higher than last February 2009. Looking at the last 3 years, the picture is not so pretty, pasadena's median price is down almost 30% from 2007.

1 month 1 year 3 years
Jan 10 Feb 10 % Change Feb 09 Feb 10 % Change Feb 07 Feb 10 % Change
Median Price 518 562 8.5% 480 562 17.1% 780 562 -27.9%

Here are the real estate statistics for the last 2 months (based on ITEC Multiple Listing Service):

Single Family Residence Jan-10 Feb-10
New Listings 67 70
Total Listings 207 216
Sales Pending 61 76
Homes Sold 48 46
Listings Expired 22 21
Average Days on the Market 87 82
Average Price Per Sq. Ft. $355 $356
Median Selling Price $531,500 $566,000
Average Selling Price $664,954 $659,696
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 18.7 20.3
Condos Jan-10 Feb-10
New Listings 56 50
Total Listings 149 171
Sales Pending 33 28
Condos Sold 33 23
Listings Expired 37 8
Average Days on the Market 79 78
Average Price Per Sq. Ft. $367 $346
Median Selling Price $413,000 $425,000
Average Selling Price $414,088 $475,478
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 19.6 32.2
Townhomes Jan-10 Feb-10
New Listings 26 21
Total Listings 67 61
Sales Pending 2 15
Townhomes Sold 4 15
Listings Expired 0 1
Average Days on the Market 65 92
Average Price Per Sq. Ft. $421 $337
Median Selling Price $ 503,500 $ 549,000
Average Selling Price $ 504,250 $ 514,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 72.6 17.6

Please note the data is a bit different from the table at the top of the post given the timing of home sales pull.

If you were to buy a Pasadena home 7 years ago, you'd still be ahead on your investment - about 30% ahead. Average price per square foot in February 2003 was $287.

Pasadena Price Per Square Foot - 7 year review

Interestingly enough, Pasadena condos and townhomes did even better 7 years running. They are ahead over 45%.

1 month 1 year 7 years
Nov 09 Feb 10 % Change Feb 09 Feb 10 % Change Feb 03 Feb 10 % Change
Avg. Sq. Ft. Price 356 356 0.1% 343 356 3.7% 245 356 45.4%

Pasadena Foreclosure Statistics:

There are currently 15 foreclosure homes available for sale.

Average foreclosure list price is $451,580.

17 Pasadena foreclosures are currently under contract and are in escrow.

In the last 6 months, there were 56 foreclosure homes that closed escrow and sold on average at 101% of list price.

35 of the 56 homes were sold over asking. Some as much as 18% over asking!

Interested in seeing what is currently available? If so, you can search all Pasadena Foreclosures here.

See all Pasadena Homes for Sale below:

See the listing feed of all Pasadena homes above for all the details and information. it is updated every few hours.

You can also see all the property listing feeds by city or zip code.

READ MORE:

San Marino Real Estate Statistics

San Gabriel Real Estate Statistics

Altadena California Craftsman

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

March 20, 2010

Arcadia Real Estate - Homes for Sale Trends

Arcadia's real estate statistics and homes for sale data is below for your review. February showed a bit of a rebound in the price per square foot and broke through the $400 ceiling. Looks like home buyers have purchased smaller homes for a bit of a higher price per square foot, but kept their average purchase price in the low $1 million range.

These homes also sold faster, on average in just a month. However, the inventory is still pretty high at over 110 available homes for sale in Arcadia.

Single Family Residence Dec-09 Jan-10 Feb-10
New Listings 26 40 43
Total Listings 83 107 111
Sales Pending 17 18 21
Homes Sold 34 17 16
Listings Expired 29 8 15
Average Days on the Market 69 46 30
Average Price Per Sq. Ft. $428 $388 $402
Median Selling Price $975,000 $900,000 $824,900
Average Selling Price $1,267,907 $1,052,588 $1,064,768
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.6 27.3 30.1
Condos Dec-09 Jan-10 Feb-10
New Listings 7 16 19
Total Listings 20 26 36
Sales Pending 6 4 4
Condos Sold 11 3 6
Listings Expired 4 3 6
Average Days on the Market 73 87 78
Average Price per Sq. Ft. $320 $344 315
Median Selling Price $487,000 $635,000 445,000
Average Selling Price $556,509 $675,000 467,388
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 7.9 37.6 26.0
Townhomes Dec-09 Jan-10 Feb-10
New Listings 2 6 7
Total Listings 8 10 13
Sales Pending 3 1 3
Townhomes Sold 5 3 3
Listings Expired 3 3 2
Average Days on the Market 14 102 29
Average Price Per Sq. Ft. $314 $315 313
Median Selling Price $480,000 $723,000 443,000
Average Selling Price $513,600 $712,667 464,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 6.9 14.4 18.8

 

Looking at historical home pricing in Arcadia, it's clear that home buyers are getting good long term value and are building up home equity over time. The graph below shows that over the last 5 years, the median price increased by 8.8% from $615,000 to $659,000 overall. This is including single family homes, condos and townhomes.

Arcadia California Median Home Sales Price 2005 - 2010

Looking at the same data, but for single family home sales only in Arcadia, we see that the median purchase price increased by 18% over the last 5 years. Not too shabby.

1 month 1 year 5 years
Jan 10 Feb 10 % Change Feb 09 Feb 10 % Change Feb 05 Feb 10 % Change
Median Price 925 800 -13.5% 723 800 10.7% 684 800 17%

 

Arcadia Foreclosure Homes Real Estate Update

What about Arcadia's foreclosure homes? Are they coming up for sale? Are banks willing to wheel and deal?

The problem is lack of inventory... yes... there should be a lot more Arcadia REO homes available for sale. But, just as we have seen with Pasadena foreclosure homes, the banks are taking their time going through the actual foreclosure process. Foreclosure Radar reports that on average, it took lenders 322 days in February to take a property from Notice of Default to a Closed Auction. It's almost 3 months longer than a year ago.

READ MORE: Steps to a foreclosure process

Arcadia California - Time to Foreclose

There are currently 138 Arcadia homes, condos or townhomes going through the foreclosure process. Only 7 homes are showing up as foreclosures available for sale in our MLS system.

 

Take a look at the available foreclosure homes below:

 

If you are interested in seeing all the details on these homes, please visit our Arcadia foreclosures for sale. These Arcadia home foreclosure listings in this post are updated every few hours.

If you have any questions about the real estate market in Arcadia or the greater Pasadena area, please give us a call at 626-629-8439.

READ MORE:

Foreclosure Friday - Kinneloa Canyon

Foreclosure Friday - South Pasadena's Monterey Road and South Pasadena's Brunswick bungalow

Foreclosure Friday - Bungalow Heaven Craftsman

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

 

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