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 Deals^TM 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:

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)

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

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:

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)

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"]

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

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

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)

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):

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.

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)

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.

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!

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)

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):

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.

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)

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.

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.

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

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)