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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April 23, 2009

Pasadena Craftsman Homes are Selling like Hot Cakes!

I am working with several Pasadena home buyers who are looking for a character home in Pasadena. When one thinks of a character home, Pasadena Craftsman or California Bungalows come to mind.

Pasadena craftsman homes in particular have been very difficult to come by. In April, to date, only 5 new Craftsman homes for sale appeared in the Multiple Listing Service. A total of 29 Craftsman homes are available for sale in Pasadena with 22 of these homes listed at over $500,000.

If you are a Pasadena home seller with a craftsman home under $500,000 and worked diligently to prepare your home for sale, you know that your home will most likely sell the first weekend with multiple offers. Why?

For the first time in a very long while, home buyers are realizing that there's a tremendous opportunity to finally buy and own a home of their own.

  • Pasadena interest rates are still under 5%, the lowest that they've been in years.
  • Pasadena's home prices are the lowest they've been in years.
  • Obama's Stimulus Incentive for first time home buyers and a potential $8,000 tax credit is extremely inviting.
  • And, we're beginning to see more and more Pasadena foreclosures available.

Since February 1, 2009, 9 craftsman homes have closed escrows and have been sold for an average of $631,544. This interprets to about $382 per square foot. There are also 10 homes that are currently in escrow or under contract, with smart sellers pricing them in the $375 per sq. ft. on average. It'll be interesting to see the price that these homes close at. Based on what I've seen over the last month of so in the Pasadena real estate market, I'll take an educated guess and say that they will sell over asking price.

Ready to start your home search?

Contact a Pasadena Realtor today at 626-627-7107.

In the meantime, take a look at the Pasadena homes for sale:


 

More property details:

Pasadena California Real Estate and Homes for sale

 

If you are thinking of selling your Pasadena home, 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

April 21, 2009

Pasadena California - Looking for Homes in Historical Neighborhoods and Landmark Districts?

Many people are flocking to Pasadena California because of its beautiful character homes and historic neighborhoods. Pasadena is a very walkable city and offers museums, top restaurants and bars, hiking trails. It is close to the mountains and less than an hour away from the beaches and skiing.

If you are trying to decide which area to buy your Pasadena home in, this article will helpfully point you in the right direction.

When home buyers think of buying in Pasadena, many divide the city into five quadrants: South of the 210 freeway - divided into South East and South West Pasadena and North of the 210 freeway with the dividing line in most buyers' minds serves as being West or East of Lake Avenue. The fifth quadrant is the San Rafael and the Pasadena Rose Bowl area.

The neighborhoods North of 210 fwy in Pasadena include:

West of Lake

Branbury Oaks

Branbury Oaks is bordered by Washington Boulevard to the north, Mountain Street to the south, Fair Oaks Avenue to the East, and Forest Avenue to the west. The neighborhood is bisected by Interstate 210. The main roads through the neighborhood are Hammond Street and Lincoln Avenue.

Banbury Oaks is served by Metro Rapid line 762 and Metro Local lines 177, 260, 267, and 268, as well as Pasadena ARTS routes 31, 32, 51, and 52.

Garfield Heights

Garfield Heights is the original tract name registered with the city of Pasadena in 1904. In 1998, the area experienced a revitalization after it was designated the city's second landmark district. The Garfield Heights Landmark District boasts one of the city's oldest intact neighborhoods with beautiful historic homes built mainly during the late 1800s to early 1900s.

Garfield Heights is bordered by Washington Boulevard to the north, Mountain Street to the south, N. Marengo Ave. to the west, and Los Robles Avenue to the east. It has been featured in many publications including LA Magazines "10 Best Neighborhoods" and the Los Angeles Times. It is located less than 1 mile from Pasadena's shopping district in Old Pasadena and the famous Pasadena Rose Bowl. The neighborhood also lies below the majestic San Gabriel mountain range and is minutes away from hiking trails.

The neighborhood is served by Metro Rapid line 762, as well as Metro Local lines 260, 268 and 687; and Pasadena ARTS routes 20, 31, and 32.


Normandie Heights

Normandie Heights is a neighborhood in Pasadena, California. It is bordered by Woodbury Road to the north, Washington Boulevard to the south, Los Robles Avenue to the west, and Lake Avenue to the east.


Orange Heights-Barnhart

Orange Heights neighborhood is bounded to the West by Los Robles Avenue, to the East by El Molino Avenue, to the North by Jackson Street, and to the South by Mountain Boulevard.

Orange Heights is served by Metro Local routes 268 and 687, as well as Pasadena ARTS routes 31 and 32.

Read More: Pasadena's Orange Heights

Prospect Park (although it's actually West of 210)

Prospect Park is a residential neighborhood in Pasadena, California. It is bordered by Westgate Street to the north, Orange Grove Boulevard to the south, Rosemont Avenue to the west, and Lincoln Avenue to the east.


Washington Square

Washington Square is a neighborhood in Pasadena, California. It is bordered by Washington Boulevard to the north, Mountain Street to the south, El Molino Avenue to the west, and Lake Avenue to the west. It is notable for having been renamed several times, having been known as part of Orange Heights until the 1950s, then Clement Heights until the 1980s when it was shortened to CLEM, then Heather Heights until the late 1990s when it was given its current name. The neighborhood was built up gradually until the 1940s, when the last housing tract was built around Heather Square.

Washington Square is notable for having one of Pasadena's oldest parks, Washington Park, which was reclaimed from a municipal dump in 1922. Woodbury Creek also runs through the neighborhood, though most of the creek now runs underground. The neighborhood is also home to two of Pasadena's oldest standing houses, which date from the early 1890s, and the one-time home of author Upton Sinclair . It is believed that the house belonged to him during his run for Governor of California.

Washington Square is served by Metro Local lines 180, 268, and 485; as well as Pasadena ARTS route 20. The two major streets are Lake Avenue and Washington Blvd.

EAST OF LAKE

Bungalow Heaven

Bungalow Heaven is a landmark district in Pasadena, California. It is bordered by Washington Boulevard to the north, Orange Grove Boulevard to the south, Hill Avenue to the east, and Lake Avenue to the west.

All of the commercial development in the neighborhood is on Lake Avenue and (to a small extent) Washington Boulevard. At the center of the neighborhood is McDonald Park. Bungalow Heaven is so called because of the hundreds of small craftsman homes built there in the 1920s, most of which still stand.

Historic Highlands

Historic Highlands is one of the most beautiful neighborhoods known for it's tall trees and grand craftsman homes. There are over 700 renovated and restored craftsman and bungalow homes in this landmark district. It sits just north of Bungalow Heaven and has an annual architectural tour.

SOUTH WEST

Madison Heights

Madison Heights is a neighborhood in Pasadena, California. It is bordered by Del Mar Boulevard to the north, Alpine Street to the south, Los Robles Avenue to the west, and Hudson Avenue to the east.

Madison Heights is served by Metro Local lines 177 and 267, as well as Pasadena ARTS route 20.

READ MORE:  Pasadena Arts Bus

Old Pasadena

old town PasadenaThe Old Pasadena Historic District or as it is locally known, Old Town Pasadena, has been a shining example of the revitalization of a run-down city center. It is one of three major shopping areas in Pasadena. The other two shopping centers in Pasadena can be found on South Lake Avenue and Foothill in North East Pasadena.

Photos from the 1800s show Fair Oaks and Colorado Street as the primary crossroads for the new city. But by two decades ago it was home to a great antiques store (Jay's), a bar or two that opened at 6 a.m. and many seemingly vacant storefronts. After 5 p.m. not a person was in sight. They might as well have rolled up the sidewalks.

Today Old Town is a dynamic shopping center at the heart of Pasadena. Jay's Antiques, alas, has moved away to be replaced with mall-favorites such as J. Crew and Crate & Barrel, along with other chain stores along Colorado. After dark the sidewalk traffic really picks up as people head for the dozens restaurants and clubs.

What locals know and visitors often do not is that the side streets off Colorado are where to find the more interesting shops and great dining. These smaller businesses are stocked with unusual items, and, in the case of restaurants, the owners have developed their own unique menus.

You will find more unique stores along Green St. which runs parallel to, and one block south of, Colorado.
21 Choices Yogurt

One notable exception to the "go to the side streets" guideline is 21 Choices, a yogurt shop on Colorado that is like taking a time-trip to the 1970s. Put on your old Birkenstocks and stop by for a yummy dish of tart or sweet stuff.

Old Town is also on eof the few places in Pasadena where pedestrians can criss cross the road and cars come to an all streets stop.

As Old Town became revitalized, developers and builders saw an opportunity and began building apartments and condos within two or three blocks of Colorado Blvd. But condos and cottages are topics for another page on this website.

Castle Green

One of the more famous buildings in Old Town Pasadena is Castle Green.

If you walk down Raymond from Colorado Blvd. you will see an enormous, ornate building -- the Castle Green.

Once upon a time it was the smaller west wing annex (Yes, smaller!) of the Hotel Green, a luxury resort. The larger east wing is now gone but half the walkway between the two buildings remains.

Castle Green was designed by Frederick Roehrig and opened in 1899. It now contains about 50 apartments. In November and April there are tours of the building.

READ MORE: Pasadena's Castle Green

Pasadena Civic Center

pasadena-civic-center

Pasadena Playhouse

The Playhouse District is a neighborhood in Pasadena, California. It is Pasadena's premier entertainment and financial district; the headquarters of IndyMac Bank and Community Bank are located there, and Countrywide Financial keeps an office there.

The Playhouse District is bordered by Walnut Street to the north, Del Mar Boulevard to the south, Los Robles Avenue to the west, and Hudson Avenue to the east, with a panhandle-like extension to Wilson Avenue. The district is also notable for its manhattanization, the legacy of extensive urbanization from the 1960s to the 1980s.

At the Playhouse District's center is the world-famous Pasadena Playhouse, as well as Vroman's Bookstore, Pasadena's oldest operating bookstore. Several shopping plazas surround the area. Pasadena Presbyterian Church, former home of KPPC-FM is also in this district. At the neighborhood's east end is the Ice House comedy club. Fuller Theological Seminary is located at the western end.

Good things come in pairs in the Playhouse District. There are two live theaters (The Pasadena Playhouse and Boston Court) as well as two movie theaters (The Academy and Laemmle's Playhouse which show art and independent films) and two bookstores (Vroman's and Cliffs).

Live theater has been presented at the Pasadena Playhouse on El Molino just off Colorado since 1917. An acting academy is also part of the Playhouse and among its alumni are Dustin Hoffman, Mare Winningham, and Gene Hackman.

The Metro Gold Line operates a station on Lake Avenue, just north of the neighborhood. The Playhouse District is served by Metro Rapid line 780; as well as Metro Local lines 177, 180, 181, 485, 686, and 687. It is also served by Pasadena ARTS routes 10 and 20, and Foothill Transit route 187.

South Lake District

South Lake is a neighborhood in Pasadena, California. It is Pasadena's premier shopping district and home to the California Institute of Technology. South Lake is bordered by Colorado Boulevard to the north, the Pasadena-San Marino border to the south, Hudson Avenue to the west, and Hill Avenue to the east.

The shops on the east side of South Lake Avenue are notable for being accessible from the street and from Shoppers' lane, a half-mile long alleyway that runs alongside Lake Avenue. Also located on Lake Avenue is a large Macy's department store built in early 1960s modern architecture and that has just been remodelled in 2009. At the center of the neighborhood is Caltech, Grant Park, and Tournament Park.

South Lake is served by Metro Local lines 177, 256, 267, and 485. It is also served by Pasadena ARTS routes 10 and 20.

Due to the location of Caltech, South Lake has been home to many in the scientific community. Some of the most notable residents were:

  • Albert Einstein, physicist
  • Robert A. Millikan, physicist
  • Jack Parsons, rocket scientist
  • Amos G. Throop, Caltech founder, former Mayor of Pasadena.
  • Fritz Zwicky, astronomer

READ MORE: Urban living at its best in the South Lake District of Pasadena

Other Pasadena Neighborhoods

Lower Arroyo Seco

Located South of the 134 Freeway and on the western end of Pasadena. This neighborhood is a part of San Rafael and is situated right next to the Arroyo Seco.

The Arroyo Seco is a major tributary of the Los Angeles River, flowing out of the San Gabriel Mountains in the northwest corner of the City. Within the City, the Arroyo Seco passes through three distinct geographical areas:

Hahamongna Watershed Park (the upper Arroyo), the Central Arroyo and the Lower Arroyo.

The Lower Arroyo Seco is a unique environmental, recreational, and cultural resource of the City of Pasadena. Surrounded by residential neighborhoods, the Lower Arroyo stretches approximately 1.75-miles from the Colorado Street Bridge to the South Pasadena city limit at San Pascual Stables.

As early as 1887, the citizens of Pasadena recognized that the land surrounding the Arroyo Seco should become a park for the enjoyment and benefit of the public. Between 1911 and 1927, the City of Pasadena accumulated the land for what is now the Central and Lower Arroyo. In 1918 the Arroyo Park Committee, headed by architect Myron Hunt, suggested that a comprehensive plan be developed by noted landscape architect Emile Mische. The plan recommended that the Lower Arroyo be reserved for trails and bridle paths and planted only with native plants. In 1977, the City declared the Lower Arroyo to be a City Cultural Landmark.

RECREATION
The Lower Arroyo Seco is a natural preservation area whose use is defined and regulated by the City's Arroyo Seco Public Lands Ordinance. Uses in the Lower Arroyo include low intensity recreational activities within defined areas, including hiking, horseback riding, archery, fly-casting, picnicking and jogging.


Walking, Hiking, Jogging

The multiple trails in the Lower Arroyo are popular with walkers, hikers and joggers, and are accessible from eleven public access points in the adjacent residential neighborhoods. Dog walking is allowed; however, dogs must be on a leash at all times, and owners are responsible for cleaning up after
their animals.

Equestrian Uses

Equestrians can enter the Lower Arroyo from the south entrance at the private San Pascual Stables or from the Hahamongna Watershed Park area to the north. Public horse rentals are not currently available in the Lower Arroyo Seco. Equestrians currently use Lower Arroyo Trails on both sides of the flood control channel.

Casting Pond
The Pasadena Casting Club leases land in the Lower Arroyo Seco and has been in its present location for more than fifty years. The Club teaches the principles of fly fishing while also providing public programs, oversight of facilities, and shared maintenance of the grounds. The Club's Clubhouse by the Casting Pond is open to the public on Sundays from 1:00 pm to 5:00 pm. Membership information is available at www.pasadenacastingclub.org

Archery Range
Established in 1935, the Pasadena Roving Archers Club is a long-time City special authorized use in the Lower Arroyo. The Club's archery range consists of twenty-eight hay bale targets plus 6 practice target areas, and is used for both organized events and informal practice. Free archery lessons are offered to the public on Saturdays between 8:30 am and 11:00 am. Call (626)447-7600 for membership and group class information.

The Lower Arroyo Seco supports primarily native and naturalized plant species which form three main plant communities. These communities serve as habitat for a variety of bird, reptile, insect, and small mammal species. Many of these animals are frequently observed by visitors to the Lower Arroyo.

Trails
The main trail through the Lower Arroyo Seco runs along the east and west sides of the storm channel. Known as the Arroyo Seco/Gabrielino Trail, it continues along the Arroyo to the north and south. The neighborhood trail running along Arroyo Boulevard on the east side of the Arroyo provides multiple access points for reaching the Arroyo Seco/Gabrielino Trail. Additional smaller trails pass through the widest parts of the Arroyo, allowing users to experience the variety of habitat present in the Arroyo.

In addition to these trails, a Class III bike route loosely follows the rim of the Lower Arroyo and connects with bike routes to the north and south. Bikes are not allowed within the Lower Arroyo Natural Preserve area.

Landmarks
The Lower Arroyo Seco contains a number of natural and built features that add interest to a journey along its trails. At the northern end of the Lower Arroyo Seco, the Colorado Street bridge passes far above the storm channel. Built in 1913, the bridge's distinctive Beaux Arts arches connect Pasadena to Eagle Rock.

South of the Colorado Street bridge are several low-flow streams. These streams were constructed in 1997 as part of a restoration effort in the Lower Arroyo, and mimic what the area resembled prior to construction of the flood control channel. Willows and other riparian vegetation flourishing along the streams provide habitat for several native species.

La Casita del Arroyo perches above the Arroyo Seco/Gabrielino Trail, and is known for its gardens and distinctive architecture. La Casita is used for a variety of public and private functions, and can be reserved by calling (626)744-7195.

In the center of the Lower Arroyo is the Memorial Grove. Planted with a variety of native tree species, the Memorial Grove commemorates community members who have passed on.

Toward the southern end of the Lower Arroyo, the Camel's Hump rises from the Arroyo Floor. Once a spur ridge deflecting the Arroyo Seco's natural flow pattern, the "hump" was split in two during the construction of the Arroyo Seco storm channel.

The Lower Arroyo Seco is open from dawn to dusk.

INTERESTED IN LOOKING FOR PASADENA HOMES FOR SALE:

New construction in Pasadena - condos built in 2008 or later!

All Pasadena Homes for Sale

All Pasadena Condos for Sale

For additional information about Pasadena, California, please contact Irina at irina(at)PasadenaViews(dot)com.

Posted in Pasadena
April 21, 2009

Pasadena's New Construction - Condos for Sale

Looking for a Pasadena condo that is brand new?

Remember most new construction condos require you to visit with your real estate agent to ensure that you have your own representation in purchasing your condo or townhome.  Should you visit the sales office for the first time yourself and register with the developer's chosen real estate agent, you will be represented by the realtor® who has been hired by the developer to represent their interests.

It is critical that the first time you visit, you do so with your own real estate agent.  Protect your interests.  It costs you nothing!  The price of the condo or the townhouse is still the same and your real estate agent might be able to negotiate a better price and/or terms for you.

Call us if you have questions or need the best real estate representations.  You can reach us at 626-629-8439.

READ MORE:  Pasadena City Guide

365 Things To Do In Pasadena®

 

You can find a list of new construction condos for sale here:


 


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!

Here's a map of Pasadena with all new construction condos and townhouses available.  Just click on the one that you are interested in for more information:

Pasadena Views™ Real Estate Team
New Concept Realtors
(626) 629-8439

April 19, 2009

Monterey Hills California - Real Estate Sales and Statistics for March 2009

If you are a buyer looking for condos in Monterey Hills, you are totally out of luck! There is no inventory!!!

Monterey Hills condos have always been a great investment and are easy to rent due to its proximity to USC Medical Center and downtown LA. Smart home owners are holding on to their investments and waiting to sell since the property values lost about 10% in equity over the last six months. On average Monterey Hills condos were selling at about $300 per sq. ft. and have been fluctuating around $270 or so.

If you don't have to sell, why should you when you can easily rent and wait for the real estate market to turn around! We are seeing multiple offers and lack of inventory all over Pasadena and South Pasadena and Monterey Hills is right behind these neighborhoods.

In March 2009, Monterey Hills had only 6 condos for sale and 1 townhome. Pretty amazing considering that there are over 1780 housing units on the hill.

You can still get a 2 bedroom, 2 bath condo for only $239,000 and be next to South Pasadena and Pasadena. Just take a look at the condos in Monterey Hills under $300,000.

Curious to see last month's Monterey Hills report?

Read More: Monterey Hills condo and townhome real estate statistics for February 2009

Here's what the Monterey Hills Real Estate Statistics are looking like for January through March 2009:

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

Information gathered from ITEC (Pasadena Foothill Multiple LIsting Service)

Search for available Monterey Hills condos and townhomes:

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.

Posted by Irina Netchaev, Monterey Hills Real Estate Agent 626-627-7107

April 19, 2009

Monterey Hills Condos for Sale under $300,000 - Free Condo Search in Monterey Hills California

[idx-listings city="Monterey Hills" maxprice="300000" propertytypes="511,512" orderby="DateAdded" orderdir="DESC" count="100" showlargerphotos="true"]

April 7, 2009

Altadena California - Real Estate Housing and Market Report for March 2009

Altadena's real estate home prices have been on a down trend for quite a few months, but we're seeing a turn around. March home price per square foot closed at only $266, but the last few weeks real estate activity has picked up dramatically. We are seeing a lot of home buyers shopping for a home under $500,000.

READ MORE: Altadena Real Estate Statistics for January 2009

 Altadena Real Estate Market Statistics from January 2009 to March 2009:

Single Family Residence Jan-09 Feb-09 Mar-09
New Listings 25 14 26
Total Listings 105 54 72
Sales Pending 22 12 32
Homes Sold 28 16 17
Listings Expired 14 19 12
Average Days on the Market 151 62 120
Average Price Per Sq. Ft. $310 $341 $266
Average Median Price $540,679 $442,500 $349,000
Average Selling Price $273,500 $548,063 $405,676
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 16.3 14.6 18.4
       
Condos and Townhomes Jan-09 Feb-09 Mar-09
New Listings 2 0 0
Total Listings 2 1 1
Sales Pending 1 0 0
Homes Sold 1 0 1
Listings Expired 0 0 0
Average Days on the Market 25 n/a 74
Average Price Per Sq. Ft. $333 n/a $169
Average Median Price $277,000 n/a $180,000
Average Selling Price $277,000 n/a $180,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 8.7 n/a 4.3

Data above is compiled from the Pasadena Foothill Association MLS (Multiple Listing Service)

READ MORE: How does January's report compare to the August 2008 statistics for Altadena Real Estate?

Below is a list of all Altadena homes for sale in the Multiple Listing Service. To get notified of new Altadena listings as they come up on the market, please register for a free VIP account and set up your own Altadena home criteria and as many searches as you would like:

  


Interested in seeing what homes are on the real estate market in Pasadena and Altadena? Click on the home search button below to search for full access to the Multiple Listing Service. 

 


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!

 
If you would like to search for homes in Altadena, please visit the free home search here on this real estate website.

For a private consultation about buying or selling your Alhambra home, or if you have other real estate related questions, I'd love to hear from you at 626.629.8439.

Posted by Irina Netchaev, real estate broker

 

April 5, 2009

South Pasadena California Real Estate Market Data for March 2009

South Pasadena home sales in 2008 averaged about 7 homes sold per month. There are even less sales this year so far. Granted, 2009 started out very slow and the real estate market just started picking up last year, but the inventory in South Pasadena is not very exciting. Not a lot of choices and South Pasadena home buyers looking to buy a home with South Pasadena schools are ending up paying more than they wanted.

March 2009 ended with the average price per square foot per single family South Pasadena home closing at $493 and it's creeping up to the 2008 levels of $510 per sq. ft.

READ MORE: South Pasadena Five Year Real Estate Review

Here are the detailed statistics for January 2009 through March 2009:

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

Information gathered from ITEC (Pasadena Foothill Association Multiple Listing Service)

Search all South Pasadena properties on the market below:

 

 

Read More: November 2008 South Pasadena Real Estate Market Report

Read More: South Pasadena Real Estate market report for December 2008

Read More: South Pasadena Real Estate Market Report for January 2009

Read More: South Pasadena Real Estate Market Report for Febrauary 2009

Interested in seeing if there are any South Pasadena foreclosures or bank owned properties available for sale?

SEARCH all South Pasadena Foreclosure and REO home listings right here!

 

Posted by Irina Netchaev, Pasadena Real Estate Agent.

 

April 4, 2009

Pasadena Condos for Sale in California - all REO and Foreclosure Condos and Townhomes

[idx-listings linkid="124675" count="1000" showlargerphotos="true"]

April 4, 2009

Pasadena REOs and Foreclosures in 91104 Zip Code - Pasadena Real Estate

[idx-listings linkid="124677" count="1000" showlargerphotos="true"]

March 30, 2009

Dusty Deal Home List for Pasadena California and Surrounding Cities for March 2009

Below you will find Pasadena homes for sale that have been on the market the longest:

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

Posted in Dusty Deals