Pasadena Real Estate - Everything You Ever Wanted to Know About Buying or Selling Your Home in Pasadena!

Greater Pasadena real estate market trends, valuable news about market conditions, including foreclosure information in Pasadena and surrounding cities plus much more.

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Feb. 4, 2010

Glendale REOs - Foreclosures for Sale - Bank Owned Real Estate in Los Angeles

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Jan. 24, 2010

California Foreclosures Statistics: What Happens at Home Auctions?

What really happens when properties finally hit the auction block? Well... here's an interesting chart looking at all the foreclosure home auctions in the state of California from December 20098 through 2009. It shows that most of the properties are bought back by the bank - take a look at the red line.

However, let's take a closer look at the dark line, the one in the middle that is on the rise. It shows the number of homes where the auctions have been cancelled. Reasons for it? Many distressed home sellers are trying to minimize the impact on their credit score by negotiating a short sale on their property with the bank. In many instances, if a home seller or a real estate agent negotiating on their behalf, can bring an offer to the bank, the lender will cancel or delay the auction date.

So... if you are a Pasadena neighborhood home owner ready to walk away from your home and leave it for the bank... Wait... there might be a way to have you walk away with a smaller dent on your credit. Contact a reputable real estate agent experienced with working short sales.

California Foreclosure Statistics for December 2008 through December 2009:

CA Outcomes

The orange line shows the number of homes that were purchased by investors or 3rd parties. As you can see the numbers are significantly lower - less than 1 in 6 homes that are up for auction fall into this category. Reasons are many - investors need all cash, they accept tremendous risk and inherit any and all title claims to the property.

READ MORE: What happens to your credit after foreclosure or a short sale?

Pasadena Foreclosure statistics

If you are interested in seeing more data on foreclosure statistics in California, please visit our Foreclosure Search site. If you are home owner that is having financial difficulties and need to understand your options, please do not hesitate to give us a call.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-VIEW(8439)

 

Jan. 21, 2010

Condos and Townhomes for Sale in Temple City - Southern California Real Estate

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Posted in Homes For Sale
Jan. 21, 2010

Temple City Homes for Sale - Southern California Real Estate

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Posted in Homes For Sale
Jan. 16, 2010

La Canada Homes for Sale - Single Family - La Canada California Real Estate

See a list of all La Canada homes by clicking 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.

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 Homes For Sale
Jan. 12, 2010

A New San Marino Foreclosure on the Real Estate Market

San Marino and foreclosures are not synonymous. There were only 2 bank owned homes in San Marino last year. Well, we have a new one on the market now.

2810 Lombardy Road in San Marino was auctioned off on November 6th 2009 and reverted to Index West LLC when there were no takers. It is now listed in the Multiple Listing Service for $1,550,000 and is the first San Marino foreclosure for 2010.

This home features 4 bedrooms and 3 baths and is listed by the tax assessor to have 2,839 square feet. It sits on a 12,000+ sq. ft. lot. I have not had an opportunity to drive by and take a look at the property, but as soon as I do, I'll post some pictures.

2810 Lombardy Road, San Marino California

So... how did this foreclosure happen? What is the story behind this foreclosure home? Let's take a look here:

September 2005: Home purchased for $1,220,000. The home buyers put a 30% down payment and financed the difference with a $854,000 loan.

July 2006: Home owners took out an equity loan of $150,000

February 2007: Home owners refinanced their loans to combine into one - $1,000,000 trust deed.

August 2007: a 2nd loan was obtained for $500,000.

Fast forward to December of 2008:

Notice of Default filed by the Trustee on 12/12/08

Notice of Trustee Sale was filed on 3/23/09

Actual Auction Sales date was on 11/6/2009

It took the bank 2.5 months to actually list the property for sale. Information on the listing is at the bottom of this post for your review.

In the meantime, let's take a look at how San Marino may be affected by foreclosures in the upcoming months:

There are currently, 3 homes slated to go to auction between now and the end of February and 5 San Marino homes are in pre-foreclosure process with Notices of Default already filed.

Unfortunately, San Marino is also beginning to feel the pain of this market place.

READ MORE: Pasadena Foreclosures - What Can We Expect in 2010

 

Search all San Marino Homes for Sale here.

Search all Foreclosures here

If you are interested in seeing this home or getting information on upcoming foreclosures in San Marino, give us a call. If you are a home owner in distress and need help in negotiating with your bank(s), let us know, we might be able to help.

IRINA NETCHAEV & ASSOCIATES

 

Pasadena Real Estate Agents

Pasadena, California

(626)629-VIEW(8439)

 

Jan. 10, 2010

Pasadena Foreclosures: What Can We Expect in 2010?

There's a lot of talk about the "shadow foreclosure inventory" across the country - homes that are in the pipeline for a foreclosure or have been foreclosed by the bank, but not released or listed on the real estate market and are not part of the existing inventory.

On December 17, 2009, Bloomberg reported:

 

The number of homes that may be in the pipeline for a sale because of foreclosure and delinquency climbed about 55 percent to 1.7 million at the end of September, according to estimates by First American CoreLogic.

We are constantly getting calls from home buyers asking about available foreclosures in Pasadena California. Unfortunately, the volume has been pretty darn low. Almost nothing to choose from. If a nice REO home comes up on the market, it is sold (usually with multiple offers) immediately.

Let's take a look at the actual REO (foreclosure) inventory in Pasadena:

Single Family Homes available for sale - 9

Condos available for sale - 4

Townhomes available for sale - 3

 

As you can see the foreclosure count above is pretty miserable compared to the overall inventory of Pasadena homes available for sale:

Single Family Homes available for sale - 203

Condos available for sale - 152

Townhomes available for sale - 50

 

But, are we sitting on a ton of "shadow" foreclosure inventory? When will these REOs be released? How will that inventory affect the current Pasadena home prices?

Let's look at some hard data as of January 10, 2010

Bank Owned Homes in Pasadena: 88 total

Since we know that only 16 REO homes are actually listed for sale, the other 72 are MIA. That's 82% of foreclosures that are sitting on lender books waiting to hit our real estate market. That's also approximately 16% of additional inventory to the existing listing inventory. Here's the break down:

Single Family - 53 homes

Condos and Townhomes - 35

Read More: See Pasadena Foreclosure List of Properties

Number of Pasadena home owners who received Notices of Default (NODs): 206

To receive a Notice of Default, otherwise known as NOD, a home owner has to be behind on their payments. They usually would have missed at least 3 payments and the Notice of Default is the beginning of a foreclosure process. Here's the break down:

Single Family - 143

Condos and Townhomes - 63

Number of Pasadena home owners with Auction Dates already scheduled: 298

Most of these homes will be auctioned off in January or early February unless the home owners are able to either get current on their mortgage, negotiate a short sale with the bank, or get the bank to postpone the auction date.

Single Family -232

Condos and Townhomes - 66

Read More: It's all about forgiveness! Understand the short sale process

It's interesting to note that only a few of these home owners are trying to negotiate a short sale with their lender. Only 9 condo/townhomes are listed for sale as short sale and 30 single family homes.

As you can see, we will definitely be seeing quite a few foreclosures on the Pasadena real estate horizon. When will they hit? I don't know. We've seen continuous efforts by the government to help home owners hold on to their homes including lender moratoriums delaying the foreclosure process. Unfortunately, that is not helping the majority of Pasadena property owners who are in trouble.

If you are a Pasadena home buyer, 2010 will be a year of opportunity.

If you are a home owner who is in trouble and is in jeopardy of losing your home, don't wait for the bank to foreclose. A short sale is a much better option. Give us a call for a free consultation and we'll try to help.

To see how your neighborhood is affected by foreclosure, take a look at our FREE foreclosure neighborhood data and analysis tool here.

Additional Reading: 2009 Real Estate Home Sales Recap and 2010 Pasadena Real Estate Forecast

See all Pasadena foreclosures by clicking on the Pasadena Foreclosure Homes for Sale

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, CA 91105

(626)629-VIEW(8439)

 

Jan. 3, 2010

2009 Real Estate Sales Recap and Pasadena Home Sales Forecast for 2010

As 2009 wrapped up, it's interesting to see how Pasadena and surrounding cities real estate market performed. So instead of writing our monthly report, I wanted to take a look at the last few years of home sales.

Last year was difficult for many families, short sales and foreclosures were showing up in both low end and high price spectrum of the real estate market. However, 2009 presented many opportunities for both investors, first time home buyers, as well as long term renters waiting for prices to come down to a point of affordability.

The prices have not moved down as much as expected in Pasadena California and surrounding neighborhoods, but the interest rate remained historically low and coupled with tax incentives, home buyers were out in force.

Let's take a look at the home sales statistics below.

Pasadena Home Sales 2003 through 2009:

Throughout this year, I've been saying that Pasadena was very low on inventory. The moment a home came up on the market, if it was priced correctly, it was gone immediately. We were expecting to be hit with a wave of foreclosures, but that never realized. We've seen some bank owned properties hit the real estate market, but moratorium after moratorium kept the majority of the foreclosures from hitting the streets.

There's been a lot of talk of "shadow" foreclosure inventory. The inventory of foreclosure homes that are still sitting on bank books. 2010 might be the year for the shadow inventory to be released especially in the higher priced end of the market.

As you can see, 2009 had a higher number of home units sold at 841 an increase of 28% over 2008, but still far short of the 1,300 to 1,400 units in 2003 and 2004.

Take a look at the average listing price per square foot vs average sold price per square foot. This pretty much tells you the story of the Pasadena real estate market in 2009 - multiple offers! Prices were bid up by the buyers and on average the price per sq. ft. was almost 22% higher than the original listed sq. ft. price - pretty darn amazing!

The actual average closing Pasadena home sales price was at $900,582, way higher than 2008's $851,702. Don't let anyone tell you that there are no home buyers out there. The home buyers are there and ready to buy. The prices are right and the financial conditions - interest rates, government tax incentives are making this a perfect storm for many.

Pasadena California Single Family Homes Sales - 7 year analysis (2003 - 2009)

SFR 2003 2004 2005 2006 2007 2008 2009
# of Units Sold 1402 1390 1294 1069 811 657 841
Ave List Price/Sq.Ft. $339 $402 $472 $502 $496 $440 $382
Ave Sold Price/Sq.Ft. $336 $408 $479 $497 $489 $428 $433
Ave List Price $620,750 $717,994 $835,039 $938,407 $977,794 $880,432 $739,797
Ave Sales Price $616,489 $728,126 $847,985 $928,328 $959,394 $851,702 $900,582
% of Sold to List 99.3% 101.4% 101.6% 98.9% 98.1% 96.7% 121.7%
Ave # of Days on the Market 27 24 26 37 51 96 71

Read More: See all Pasadena homes for sale

Pasadena Condo and Townhouse Sales - 7 year analysis (2003 - 2009)

A similar situation with condos and townhomes, the volume of home sales is down, but not as signifcantly as we see in Pasadena's single family homes. Pasadena condo and townhome buyers are seeing prices at the 2004 level. Think of rolling the home prices back 5 years - not bad!

It is taking longer to sell these condos and townhomes, but still less than 3 months. Remember the post about whether or not we are in the buyer's vs seller's market? We are still in a pretty strong seller's market - these properties are selling if priced correctly.

2003 2004 2005 2006 2007 2008 2009
# of Units Sold 664 744 731 683 597 374 488
Ave List Price/Sq.Ft. $268 $341 $410 $437 $442 $409 $359
Ave Sold Price/Sq.Ft. $269 $346 $420 $431 $432 $388 $348
Ave List Price $343,168 $425,945 $499,323 $526,625 $571,055 $529,495 $464,392
Ave Sales Price $344,487 $430,696 $507,887 $519,946 $557,042 $504,093 $449,964
% of Sold to List 100.4% 101.1% 101.7% 98.7% 97.5% 95.2% 96.9%
Ave # of Days on the Market 24 23 31 50 66 95 85

Read More: Pasadena's New Construction Condos for Sale

See all Pasadena Condos and Townhomes for sale

South Pasadena Real Estate Data 2003 through 2009:

South Pasadena home sales were on fire... great school district and a small town, family oriented atmosphere was driving real estate sales last year. The volume went up drastically from 2008, but buyer were much more finicky.

South Pasadena is known for older, character homes. The homes that were staged and updated sold immediately with multiple offers. Homes that had deferred maintenance or were not presented as well as they should took a bit of time to sell.

Sold price per square foot dropped from the high of $513 in 2005 to $477 in 2009 - still a pretty high number considering that an average home sold cost almost a million dollars.

South Pasadena Home Sales - 7 year analysis (2003 - 2009)

SOUTH PASADENA 2003 2004 2005 2006 2007 2008 2009
SFR
# of Units Sold 255 180 179 185 145 79 117
Ave List Price/Sq.Ft. $344 $401 $481 $510 $518 $524 $488
Ave Sold Price/Sq.Ft. $344 $415 $488 $513 $517 $510 $477
Ave List Price $656,128 $796,551 $937,169 $1,037,107 $1,023,445 $1,152,025 $1,027,664
Ave Sales Price $646,771 $819,416 $957,034 $1,042,387 $1,017,776 $1,095,100 $993,201
% of Sold to List 98.6% 102.9% 102.1% 100.5% 99.4% 95.1% 96.6%
Ave # of Days on the Market 37 34 32 42 44 81 67

Read More: See all South Pasadena homes for sale

South Pasadena Condo and Townhouse Sales - 7 year analysis (2003 - 2009)

There were really some amazing deals to be found in South Pasadena's condo and townhome market. First of all, families were able to buy homes within one of the top school districts in the area for as little as $349 per sq. ft. On average, a So Pas home buyer would need a bit over $500,000, but that's still half the price of a single family home.

One of my lucky home buyer clients, were able to buy a 3 bedroom townhome for only $420,000. That would have been truly unheard of a few years ago. The best advice for families that are waiting to get into the South Pasadena real estate market is to be prepared - work with a real estate agent that cares about your needs, get pre-approved and be available to view properties as they come up on the market.

SOUTH PASADENA 2003 2004 2005 2006 2007 2008 2009
# of Units Sold 54 71 76 65 55 30 42
Ave List Price/Sq.Ft. $252 $314 $399 $426 $431 $399 $349
Ave Sold Price/Sq.Ft. $252 $317 $404 $422 $429 $390 $342
Ave List Price $338,313 $404,019 $477,004 $560,290 $607,253 $550,240 $517,996
Ave Sales Price $337,435 $407,825 $483,327 $554,302 $602,763 $537,503 $506,375
% of Sold to List 99.7% 100.9% 101.3% 98.9% 99.3% 97.7% 97.8%
Ave # of Days on the Market 21 27 25 38 60 95 58

Read More: See all South Pasadena condos and townhomes for sale

San Marino Home Sales Analysis for 2003 - 2009:

This has been a truly amazing year for San Marino real estate. Prices held quite well and homes were selling higher than they did in 2007!

San Marino is known for its huge lawns, amazing school district and a very close-knit community. With Huntington Library, Lacy Park and luxury estates, it's truly an amazing place to live.

A home buyer still needs a bit over $1.7 million to get an average priced home. There are homes available in the low 1 million dollar range and sometimes one can find a home under a million, but for the most part these homes need quite a bit of attention.

San Marino was not immune to foreclosures. We did see two foreclosure homes - both homes sold over a million still. If you are interested in tracking potential foreclosures in San Marino, bookmark this San Marino foreclosure post. It will update, real time as new foreclosures come up on the market.

It's also interesting to note that there are no condos or townhomes in San Marino. However, there's a complex of townhomes on the border of Pasadena and San Marino that is assigned to San Marino schools. There are also certain homes in San Gabriel and Pasadena that fall under the San Marino schools boundaries.

San Marino 2003 2004 2005 2006 2007 2008 2009
# of Units Sold 304 303 203 192 169 110 126
Ave List Price/Sq.Ft. $399 $470 $529 $579 $617 $595 $597
Ave Sold Price/Sq.Ft. $375 $454 $526 $569 $611 $582 $575
Ave List Price $1,189,954 $1,363,619 $1,500,824 $1,588,317 $1,802,251 $1,684,134 $1,797,913
Ave Sales Price $1,094,214 $1,291,828 $1,438,804 $1,519,560 $1,729,589 $1,562,207 $1,721,617
% of Sold to List 92.0% 94.7% 95.9% 95.7% 96.0% 92.8% 95.8%
Ave # of Days on the Market 42 41 41 48 57 54 56

Read More: See all San Marino homes for sale

San Gabriel Real Estate Home Sales Statistics 2003 through 2009:

Well San Gabriel didn't fare as well as some of the other cities near Pasadena. It's taking longer to sell a home as well as the price sold has rolled back to 2004 levels. This is great for home buyers. Inventory of homes has increased and there's quite a bit of choice. Even though, we are seeing multiple offers on some of the homes, overall buyers are able to find a home to fit their needs and check book. Homes are being priced fairly and are selling close to aslking price - just a percentage or so below.

San Gabriel Homes for Sales data for 2003 through 2009

SAN GABRIEL 2003 2004 2005 2006 2007 2008 2009
SFR
# of Units Sold 445 452 406 368 294 207 278
Ave List Price/Sq.Ft. $267 $332 $398 $409 $412 $372 $356
Ave Sold Price/Sq.Ft. $267 $331 $404 $413 $404 $361 $350
Ave List Price $429,918 $530,420 $615,726 $672,220 $673,120 $600,296 $572,244
Ave Sales Price $436,074 $528,448 $630,230 $675,388 $658,664 $584,949 $563,219
% of Sold to List 101.4% 99.6% 102.4% 100.5% 97.9% 97.4% 98.4%
Ave # of Days on the Market 9 8 11 16 23 24 57

Read More: See all San Gabriel Homes for Sale

San Gabriel Condos and Townhomes for sale

Price per square foot has decreased to $271 for San Gabriel condos and townhomes, but the average sales price is actually a bit higher than in 2008. Home buyers are getting more square footage for their money.

The selection of condos and townhomes is quite nice. Inventory has doubled from last year and is higher than the year prior. Home buyers are nicely surprised with the choice of homes. This can also be seen in a longer marketing period of 105 days compared to previous years of only a month or less on the market.

SAN GABRIEL 2003 2004 2005 2006 2007 2008 2009
# of Units Sold 91 77 104 80 54 37 74
Ave List Price/Sq.Ft. $201 $258 $317 $333 $330 $325 $275
Ave Sold Price/Sq.Ft. $199 $257 $315 $371 $320 $310 $271
Ave List Price $275,367 $325,205 $458,785 $481,131 $502,924 $458,387 $447,410
Ave Sales Price $272,193 $323,450 $456,743 $516,066 $488,083 $437,135 $441,052
% of Sold to List 98.8% 99.5% 99.6% 107.3% 97.0% 95.4% 98.6%
Ave # of Days on the Market 11 18 25 36 31 39 105

Read More: Search San Gabriel Condos and Townomes

Monterey Hills Condo and Townhome Sales 2003 through 2009:

I was actually quite surprised to see the inventory increase towards the end of 2009. Monterey Hills condo and townhome owners have been holding on to their homes and not putting them on the market. However, we did see quite a bit of distressed sales in the area which helped increase the inventory.

The price per square foot fell under $300 to $277 and is rolling prices back to the 2003 level. Folks working in downtown LA or have kids attending USC love Monterey Hills for its geographic convenience. A lot of investors are itching to buy units because they are so easy to rent and are conveniently located minutes from South Pasadena and Pasadena.

Overall, I think that we'll see more foreclosures and opportunities in 2010 in Monterey Hills. There's definitely "shadow" inventory to be found next year. We will be watching closely.

Monterey Hills 2003 2004 2005 2006 2007 2008 2009
# of Units Sold 129 108 99 61 52 35 50
Ave List Price/Sq.Ft. $228 $303 $355 $375 $369 $325 $281
Ave Sold Price/Sq.Ft. $224 $302 $358 $372 $361 $307 $277
Ave List Price $259,226 $325,912 $407,407 $420,655 $406,281 $362,246 $333,350
Ave Sales Price $254,996 $325,115 $409,962 $414,330 $397,217 $354,097 $327,107
% of Sold to List 98.4% 99.8% 100.6% 98.5% 97.8% 97.8% 98.1%
Ave # of Days on the Market 35 34 40 74 84 87 66

Read More: See all Monterey Hills condos for Sale

As always, we will be providing monthly home sales reports for Pasadena and surrounding cities. In the meantime, please do not hesitate to call us should you have any questions about any of the real estate data above or need helping with buying or selling a home, condominium or townhome.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-VIEW(8439)

Dec. 29, 2009

November 2009 Real Estate Update for Pasadena California

As the 2009 is coming to a close, I thought that it would be interesting to compare November 2008 to November 2009 real estate statistics for Pasadena California.

Some Highlights:

  • It was interesting to note that the number of homes sold in all categories was significantly higher last month vs. a year ago. The overall Pasadena real estate inventory was lower, thus the reduction in the number of weeks of inventory on the market.
  • There was a significant drop in new listings for both townhomes and condos in November 2009. Single family homes remain consistent in about 50+ Pasadena homes listed in November.
  • The price per square foot dropped significantly for single family homes - 9% lower than in 2008. Townhomes have dropped from $426 to $397. Pasadena condos remain at $377 per sq. ft.
Single Family Residence Nov-08 Nov-09
New Listings 56 53
Total Listings 261 226
Sales Pending 29 67
Homes Sold 42 69
Listings Expired 53 36
Average Days on the Market 115 67
Average Price Per Sq. Ft. $402 $368
Median Selling Price $445,750 $620,000
Average Selling Price $699,591 $714,001
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 26.9 14.2
Condos Nov-08 Nov-09
New Listings 39 24
Total Listings 159 172
Sales Pending 7 35
Condos Sold 17 29
Listings Expired 27 17
Average Days on the Market 110 86
Average Price Per Sq. Ft. $377 $377
Median Selling Price $455,000 $485,000
Average Selling Price $428,641 $491,121
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 40.5 25.7
Townhomes Nov-08 Nov-09
New Listings 27 14
Total Listings 68 67
Sales Pending 10 23
Townhomes Sold 5 15
Listings Expired 5 4
Average Days on the Market 36 59
Average Price Per Sq. Ft. $426 $397
Median Selling Price $ 575,000 $520,000
Average Selling Price $ 604,600 $539,267
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 58.9 19.4

Take a look at the inventory of homes for sale vs sold below. The number of available Pasadena homes for sale has decreased by over 50% from September 2008 to November 2009.

Pasadena real estate inventory of homes - November 2009

 

Also, an intersting chart below graphing the number of newly listed homes in Pasadena to the number of closed sales. November usually seeing the end of year slow down had a spur of sales this year most likely driven by the tax credit and low interst rates.

Pasadena real estate - new listings vs sales

Pasadena Homes for Sale:

The feeds below are direct from the Multiple Listing Service

  • Pasadena Homes for Sale $300,000 to $400,000
  • Pasadena Homes for Sale $400,000 to $500,000
  • Pasadena Homes for Sale $500,000 to $600,000
  • Pasadena Homes for Sale $600,000 to $700,000
  • Pasadena Homes for Sale $700,000 to $800,000
  • Pasadena Homes for Sale $800,000 to $900,000
  • Pasadena Homes for Sale $900,000 to $1,000,000
  • Pasadena Homes for Sale $1,000,000 to $1,200,000
  • Pasadena Homes for Sale $1,200,000 to $1,400,000
  • Pasadena Homes for Sale $1,400,000 to $1,600,000
  • Pasadena Homes for Sale $1,600,000 to $1,800,000
  • Pasadena Homes for Sale $1,800,000 to $2,000,000
  • Pasadena Homes for Sale $2,000,000 to $2,500,000
  • Pasadena Homes for Sale $2,500,000 to $3,000,000
  • Pasadena Homes for Sale over $3,000,000
  • Pasadena Condos and Townhomes for Sale:

  • Pasadena Condos and Townhomes for Sale under $300,000
  • Pasadena Condos and Townhomes for Sale $300,000 to $400,000
  • Pasadena Condos and Townhomes for Sale $400,000 to $500,000
  • Pasadena Condos and Townomes for Sale $500,000 to $600,000
  • Pasadena Condos and Townhomes for Sale $600,000 to $700,000
  • Pasadena Condos and Townhomes for Sale $700,000 to $800,000
  • Pasadena Condos and Townhomes for Sale $800,000 to $900,000
  • Pasadena Condos and Townhomes for Sale $900,000 to $1,000,000
  • Pasadena Condos and Townhomes for Sale $1,000,000 to $1,200,000
  • Pasadena Condos and Townhomes for Sale $1,200,000 to $1,400,000
  • Pasadena Condos and Townhomes for Sale over $1,400,000
  • To search for your new Pasadena home, and all other homes available in the Greater Los Angeles area please visit Search MLS for FREE.

    If you are thinking of buying or selling your Pasadena home, condo or townhome and would like a free comprehensive consulation. We'd love to meet with you! We can be reached at 626-629-VIEW(8439).

    IRINA NETCHAEV & ASSOCIATES

    Pasadena Real Estate Agents

    Pasadena, California

    (626)629-VIEW (8439)

    Dec. 17, 2009

    South Pasadena Dusty Deals(tm) List for December 2009 - Your South Pasadena Real Estate Deals

    This year, many calls and emails from potential home buyers came in about short sales and foreclosure homes in South Pasadena; every one is looking for that "Real Estate DEAL"! As we begin to evaluate the year that is coming to a close and look ahead for the goals of 2010, for many home ownwership will be at the top of the list. Don't limit your possiblities to foreclosure homes and short sales!

    There are South Pasadena homes and condos for sale now that could be purchased for pretty good prices. And... when you are not dealing with banks, but are negotiating directly with home sellers, you can ask for concessions. For example, wouldn't it be nice to have the home seller buy down your interest rate to make your monthly payment lower?

    A great place to start would be with homes, condominiums and townhouses that have been on the market for several months. Most home sellers at this point have either adjusted their home price or are open to negotiation. The houses below have been on the market for over 100 days (over 3 months!). There could be some pretty good deals hiding in there and incentives! With the first time home buyer tax credit still available through April of 2010, why not make your new home dreams a reality! We call them Dusty Deals™!

    Here is our Dusty Deals™ list for South Pasadena, California - Find your South Pasadena home:

    South Pasadena - Single Family Homes:

    Address BR BA Price Price/Sq.Ft. MLS # DOM
    5054 Collis Ave. So.Pasadena, CA 91030 3 2 699,900 467 22128522 119
    1203 Pine St. So. Pasadena, CA 91030 5 2 899,950 368 F1808099 216
    529 Floral Park Ter. So. Pasadena, CA 91030 3 1 918,800 639 22129027 105
    1993 La Fremontia St. So. Pasadena, CA 91030 4 4 1,248,000 409 22129216 99
    1719 Monterey Rd. So. Pasadena, CA 91030 3 4 1,349,000 505 22127961 127
    611 Chapman Woods So. Pasadena, CA 91107 4 5 1,600,000 412 A09069006 174
    1038 Magnolia St. So. Pasadena, CA 91030 10 12 1,795,000 361 22120591 325
    989 Breawood Ct. So. Pasadena, CA 91030 4 5 1,858,000 445 22127834 139
    224 Oaklawn Ave. So. Pasadena, CA 91030 4 5 2,280,000 580 22127834 138
    335 Monterey Rd. So. Pasadena, CA 91030 11 n/a 3,990,000 925 22125798 183

    South Pasadena - Condos/Townhomes:

    Address BR BA Price Price/Sq.Ft. HOA Dues MLS # DOM
    909 El Centro St. #208 So. Pasadena, CA 91030 1 1 332,000 505 $471 O90382625 159
    909 El Centro St. #209 So. Pasadena, CA 91030 1 1 332,000 454 $471 O90382637 159
    909 El Centro St. #207 1 1 335,000 444 $471 O9382607 159
    * Information obtained form the Pasadena-Foothill Association of Realtors Multiple Listing Service.
    To see South Pasadena property for sale, take a look below for all existing homes for sale on the real estate market. Feel free to sign up for a FREE membership to the MLS (Multiple Listing Service) listings by creating a VIP accounts below.

     

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    If you are thinking of buying or selling your South Pasadena home, condo or townhome and would like a free comprehensive consulation. We'd love to meet with you! We can be reached at 626-629-VIEW(8439).

    IRINA NETCHAEV & ASSOCIATES

    Pasadena Real Estate Agents

    Pasadena, California

    (626)629-VIEW (8439)

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