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.

Find your home in Pasadena
June 6, 2009

Eagle Rock Foreclosures - REOs - Homes for Sale in Eagle Rock California

Looking for all foreclosures in Eagle Rock?  See the full bank owned/foreclosure list by going to Eagle Rock Foreclosures.

Or, better yet, visit our Foreclosure search page to see all available properties and deals at this time!

 

June 6, 2009

Eagle Rock Homes, Condos and Townhomes for Sale: Multiple Listing Search for NELA

Looking for an Eagle Rock home for sale?  You’ve come to the right place.  Below you will find all available Eagle Rock real estate and by clicking on individual homes, you can get all the critical information like price and price history, photos, description and much more.

READ MORE:  Eagle Rock City Guide

Feel free to set up a VIP account so that you can save your searches and have new homes for sale emailed to you as they are added into the Multiple Listing Service by realtors.

Of course, if you need more information and behind the scenes look on the Eagle Rock real estate market, give me a call – Irina Netchaev – (626) 629-8439.

 


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, Homes For Sale
June 4, 2009

Bank Owned La Canada Homes, Condos and Income Properties For Sale - Foreclosures for La Canada Real Estate

If you are looking for a bank owned property - known as foreclosures to us lay folks - you've come to the right place. On this page, you will find a map with all La Canada homes, condos and Income Property for sale. You can click on the icon to see full information about the real estate in question. 

If there's nothing on the map or the list, well... that would be telling. No foreclosures in La Canada!

Happy searching! And, if you have any questions and/or need the best real estate agent representation, give us a call at (626) 629-8439.


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!

May 31, 2009

Foreclosed Pasadena Homes,and Condos For Sale - Pasadena Real Estate For Sale

 

Check back here often to see all Pasadena real estate foreclosure listings. This feed is straight from the MLS (Multiple Listing Service) and updates as new Pasadena property foreclosure is available.

For detailed property information, please visit Pasadena foreclosure list - REO for sale.

RELATED POSTS:

Altadena Foreclosures List

Burbank Foreclosure Home List

South Pasadena Foreclosure Home List

 

If you are interested in seeing any of these Pasadena foreclosures, please give us a call, we'll be happy to set up an appointment to show them to you.

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626) 629-8439

 

May 30, 2009

South Pasadena Dusty Deals (TM) - Homes for Sale

Here's the latest "Dusty DealsTM" list for South Pasadena, California.

What is a "Dusty Deals™" list? It is a list of homes for sale in South Pasadena including homes, condos and townhomes that have been on the market for over 100 days. Are all of these great deals? Not necessarily. BUT, the seller has been actively marketing their homes for a very long time and is probably ready to deal.

Why are these homes on the market still? The most likely reason is that they were overpriced to begin with. The first few weeks of marketing a home for sale are the most critical weeks for any seller. If the property is overpriced, or not marketed correctly, it gets stale. Local real estate agents ignore these homes and avoid showing them to their buyers.

Potential home buyers look these homes up on the internet or receive property listings from their real estate agents from the Multiple Listing Service, but wonder what is wrong with them since they didn't sell. My take on this is, if you are looking for a deal, these homes are the best place to start. Why? Home sellers are tired of showing their homes and most are ready to NEGOTIATE their price and SELL!

South Pasadena Homes Dusty Deals™

Address BR BA List Price Current Price $/Sq. Ft. MLS# DOM
1908 Mission St South Pasadena, CA 91030 4 2 $899,999 $899,999 $387 12113505 363
1823 Gillette Crst South Pasadena, CA 91030 2 1 $550,000 $550,000 $551 12114774 465
851 LYNDON St South Pasadena, CA 91030 4 5 $2,995,000 $2,995,000 $656 22116516 243
1231 Blair Ave South Pasadena, CA 91030 3 3 $1,499,000 $1,499,000 $354 22117152 227
1133 Buena Vista St South Pasadena, CA 91030 7 7 $2,950,000 $2,950,000 $393 22117495 221
401 Alta Vista Ave South Pasadena, CA 91030 3 1 $529,000 $529,000 $470 22117573 123
1112 Glendon Ct South Pasadena, CA 91030 5 2 $699,000 $699,000 $444 22118207 200
401 Alta Vista Ave South Pasadena, CA 91030 3 1 $529,000 $529,000 $470 645777675 296
514 Orange Grove Ave South Pasadena, CA 91030 4 3 $2,500,000 $2,500,000 $709 645223426 180
1823 Gillette South Pasadena, CA 91030 2 1 $550,000 $550,000 $551 644876519 466
1129 Foothill St South Pasadena 91030-1719 3 2 $595,000 $595,000 $329 645761255 138
1038 Magnolia St South Pasadena, CA 91030 6 7 $1,295,000 $1,295,000 $413 22120591 458
1030 Buena Vista St South Pasadena, CA 91030 3 4 $1,995,000 $1,995,000 $538 22121386 107
2045 Monterey Rd South Pasadena, CA 91030-3937 7 6 $3,600,000 $3,600,000 $656 22121421 106
1993 La Fremontia St South Pasadena, CA 91030 4 4 $1,275,000 $1,275,000 $418 22121525 102

South Pasadena Condos Dusty Deals™

Address BR BA List Price Current Price $/Sq. Ft. HOA MLS# DOM
402 EL CENTRO St #5 South Pasadena, CA 91030 3 3 $540,000 $540,000 $307 508 12115616 263
6221 E Monterey Rd Los Angeles, CA 90042 2 2 $450,000 $450,000 $298 255 645157387 203
1946 Huntington Dr South Pasadena, CA 91030-4959 2 3 $529,800 $529,800 $321 300 645754434 955
402 El Centro St #5 South Pasadena 91030-3054 3 3 $540,000 $540,000 $307 505 644807740 267
1130 Huntington Dr #B South Pasadena, CA 91030 2 3 $499,999 $499,999 $348 170 637791054 136
647 Orange Grove Ave #206 South Pasadena, CA 91030 2 2 $388,883 $388,883 $318 331 22120880 120
1203 Huntington Drive South Pasadena, CA 91030 3 3 $659,000 $659,000 $420 193 643430893 114
812 Fremont Ave #306 South Pasadena, CA 91030 1 2 $611,000 $611,000 $510 364 644963713 110

List extracted from the Multiple Listing Service (ITEC)

I have previewed some of these South Pasadena condos over the last few weeks and have to tell you that they were in terrible shape. Unkept and not clean, smelly and unpleasant to walk through. If you can see beyond that, this might be an opportunity.

All South Pasadena homes and condos for sale on the real estate market today:

For South Pasadena Property details, please visit South Pasadena homes for sale and South Pasadena conods for sale.

 

If you are thinking of buying a South Pasadena home, South Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626) 629-8439

May 29, 2009

$8,000 Tax Credit Can Now be Used for Down Payment

There are multiple announcements about how home buyers can now use the $8,000 tax credit to use as the down payment on their home purchase. Let no one say that I'm a "party pooper", but somehow, I can not get excited by this announcement.

Why? Well... let's take a look at the announcement made by HUD (US Department of Housing and Urban Development) first:

 

DONOVAN ANNOUNCES RECOVERY ACT'S HOMEBUYER TAX CREDIT CAN IMMEDIATELY HELP THOUSANDS OF FIRST-TIME HOMEBUYERS TO BUY A HOME
FHA plan will stimulate new home sales and help stabilize housing market

WASHINGTON - Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration's new $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. Donovan said that today's action will help stabilize the nation's housing market by stimulating home sales across the country.

The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit of up to $8,000 for purchasing their first home. Families can only access this credit after filing their tax returns with the IRS. Today's announcement details FHA's rules allowing state Housing Finance Agencies and certain non-profits to "monetize" up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate. To read the FHA's new mortgagee letter, visit HUD's website.

"We believe this is a real win for everyone," said Donovan. "Today, the Obama Administration is taking another important step toward accelerating the recovery of the nation's housing market. Families will now be able to apply their anticipated tax credit toward their home purchase right away. At the same time we are putting safeguards in place to ensure that consumers will be protected from unscrupulous lenders. What we're doing today will not only help these families to purchase their first home but will present an enormous benefit for communities struggling to deal with an oversupply of housing."

HUD $8000 Fairy Dust Pasadena Real Estate

 

First of all, let's get this straight. You will only qualify for the full $8,000 if your adjusted gross income is not over $75,000 if you are single or $150,000 for joint filers. If you are make anywhere between $75,000 and $95,000, this tax credit begins to phase out. And, if you are fortunate enough to make over $95,000 or $170,000 for joint filers, you will not qualify for any tax credit!

Second, the tax credit is only 10% of purchase price UP TO $8,000.

Third, let's face this... this loan will be considered as DPA or better known in the lending industry, Down Payment Assistance. Any type of down payment assistance has to be accounted for in the borrower's Debt to Income Ratio. If you are an FHA buyer and already are trying to qualify for 96.5% of the value of a home and now you will have yet another DPA on top of that, the chances are no bank will ever approve you for the mortgage.

Fourth, this essentially is a short term, bridge loan. I do not see HUD stating anywhere that this loan is going to be free. Short term bridge loans are usually expensive. Would you, as a first time home buyer, be willing to pay 8% to 10% interest on this money?

Five, how long do you think it will take the government to approve you for this loan? Do you think that they'll be able to make the 7 to 10 day loan contingencies that we're seeing on our contracts now? I doubt it!

And, finally, how much will the banks charge to set up this loan, to print loan docs or any other expenses associated with processing tihs loan?

Sounds like a lot of fairy dust to me. What do you think?

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?

State of the Pasadena Housing Market by Chief C.A.R. Economist

PASADENA VIEWS REAL ESTATE TEAM

Pasadena Real Estate Agents

(626)629-8439

 

May 28, 2009

South Pasadena Real Estate - What's Up with the Housing Inventory?

Do you remember the commercial? Where is the beef? Inventory in South Pasadena is sort of like that especially when it comes to South Pasadena condos and townhomes.

The pendulum is swinging very quickly to a buyer's market in South Pasadena and most of the neighborhoods in and around Pasadena. Every offer that I have written in the last several weeks encountered a multiple offer situation. And, when I say multiple offers, I mean multiple offers! Unfortunately, we're seeing buyers out in force and the minimum number of other home buyers that my clients had to compete against was four, maximum so far this month was 28! Although, I am happy to say that my buyers did beat out the other 27 and secured the home for themselves - yeah!

South Pasadena for the month of April did have 18 new homes listed, but the inventory is still holding at only 41 available housing units. Condos and townhomes in South Pasadena are only at 12 available - not much selection.

We are anxiously waiting for the foreclosure inventory which hopefully will be released by banks shortly. Keep checking back... real estate market is changing daily.

 

South Pasadena real estate statistics for January 2009 through April 2009:

 

Single Family Residence Jan-09 Feb-09 Mar-09 Apr-09
New Listings 4 12 9 18
Total Listings 23 31 39 41
Sales Pending 4 8 8 9
Homes Sold 4 3 7 5
Listings Expired 5 2 5 5
Average Days on the Market 40 60 101 56
Average Price Per Sq. Ft. $430 $468 $493 $496
Average Median Price $720,000 $776,667 $850,000 $953,000
Average Selling Price $831,000 $725,000 $987,000 $843,380
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 24.9 44.8 24.1 35.5
         
Condos and Townhomes Jan-09 Feb-09 Mar-09 Apr-09
New Listings 2 5 5 1
Total Listings 7 15 17 12
Sales Pending 5 4 1 1
Homes Sold 4 4 1 1
Listings Expired 2 1 1 3
Average Days on the Market 49 119 111 67
Average Price Per Sq. Ft. $332 $348 $284 $336
Average Median Price $487,500 $596,750 $170,000 $590,000
Average Selling Price $472,500 $627,500 $170,000 $590,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 7.6 16.3 73.7 52.0

 

 

READ MORE: South Pasadena Five Year Real Estate Review

To search for homes in South Pasadena, take a look at the listings below:

 


Read More:

South Pasadena City Guide

Take advantage of the $8,000 tax credit

Considering new construction? Don't miss $100 million tax credit

Property Title Insurance? Learn all about it!

Pasadena Real Estate Guide

 

If you are thinking of buying a South Pasadena home, South Pasadena condo or townhouse, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

May 21, 2009

Monterey Hills Condos and Townhomes - Real Estate Market Update

As much as Pasadena's real estate market is on the rise, Monterey Hills real estate is still depressed. Inventory of condos and townhomes is still non-existent given that there are close to 4,000 housing units on the hill. Condo listings that are there are sitting and not seeling. Price per square foot for Monterey Hills Condo sales dropped to mid $200s - about a 17% drop since 2008.

Monterey Hills real estate statistics for January through April 2009:

Condos Jan-09 Feb-09 Mar-09 Apr-09
New Listings 2 1 3 3
Total Listings 5 7 6 6
Sales Pending 1 3 3 5
Homes Sold 2 1 3 2
Listings Expired 3 0 0 2
Average Days on the Market 23 242 64 38
Average Price Per Sq. Ft. $277 $303 $265 $254
Median Selling Price $310,000 $325,725 $250,000 $269,000
Average Selling Price $310,000 $325,725 $276,300 $269,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.8 30.3 8.7 7
Townhomes Jan-09 Feb-09 Mar-09 Apr-09
New Listings 1 2 1 0
Total Listings 1 3 3 2
Sales Pending 0 1 1 0
Homes Sold 0 1 0 1
Listings Expired 0 1 0 0
Average Days on the Market n/a 89 n/a 57
Average Price Per Sq. Ft. n/a $268 n/a $270
Median Selling Price n/a $550,000 n/a $386,000
Average Selling Price n/a $550,000 n/a $386,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) n/a 13.0 n/a 9

Data above from ITEC (Pasadena Foothill Association of Realtors)

Interested in seeing available Monterey Hills condos and townhomes? Below is "real time" multiple listing service information for your perusal:

For detailed Monterey Hills property information, please visit Monterey Hills condos for sale.

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Read More:

Pasadena City Guide

Take advantage of the $8,000 tax credit

Considering new construction? Don't miss $100 million tax credit

Property Title Insurance? Learn all about it!

If you are thinking of buying a Pasadena home, Pasadena condo or townhouse, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626) 629-8439

May 21, 2009

Pasadena Condos for sale: South Lake Avenue District

[idx-listings linkid="124680" count="1000" showlargerphotos="true"]

May 21, 2009

Pasadena's New Construction - Lake@Walnut condos for Sale

Everything you ever wanted in new luxury condos is coming your way!

ADDRESS:  931 East Walnut, Pasadena California

lake-and-walnut-front

There’s a new residential building about to make its public debut in one of Pasadena’s hippest locales. You could be among the first to reserve your new home in advance of the general public and choose from the most creative live/work spaces, flats and town homes in town.

Lake@Walnut promises to be Pasadena’s quintessential “Where it’s @” address, with everything you nliving-room at Lake@Walnuteed to live the chic, cosmopolitan life just a short walk, drive or Metro jaunt away.

With an inviting lobby, cool club room and fantastic fitness center, not to mention a lushly landscaped courtyard for mixing and mingling, complete with a fountain, barbecue and outdoor fireplace, this is truly urban living at its best in desirable Pasadena.

See all condos for sale available at Lake @ Walnut today:

 

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!