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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Nov. 25, 2008

Historic Highlands Pasadena California Homes for Sale-Pasadena CA Real Estate

If you are looking for Pasadena homes for sale, specifically in the Historic Highlands neighborhood, book mark this post.  The list of homes below will update automatically as new Pasadena homes come up on the market and are entered into the Multiple Listing Service by real estate agent.

To search all homes for sale in Pasadena and Southern California, please visit our Home Search where you can create your own searches, save them and have our website send you new home listings via email.

[idx-listings linkid="125790" count="1000" showlargerphotos="true"]

Nov. 25, 2008

Pasadena Homes for Sale-91106-Pasadena California Real Estate

Pasadena homes for sale in 91106 Zip Code

Below, is a list of homes for sale listed in the Multiple Listing Service (MLS) in the Pasadena California zip code 91106. Feel free to click on any property for more information like price, interior details, photographs and more. You can also create a VIP account which will save your home searches and will email new home listings to you as they become available. This way, you will not miss your opportunity to own a home in Pasadena California.

Immediately below the map, you will find a few of the most recently listed Pasadena homes for your review. This property list is updated automatically as new home listings come up on the real estate market.

Give us a call at (626) 629-8439 if you would like to schedule a time to see any of these homes for sale or meet for a home buyer consultation.

 


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!

Pasadena Views Real Estate Team
Pasadena Real Estate Agents
(626) 629-8439
Email Us Here


Nov. 25, 2008

Pasadena Mortgage Rates Report: Home Buyers and Owners waiting to Refinance NOW is the TIME!

I just got off the phone with my personal mortgage consultant - Mondie Pic'l at Wells Fargo. Today, Pasadena mortgage rates have hit the lowest that we'd seen in quite some time. I have asked her to lock the mortgage rate for me and will be refinancing my home.

The opportunities are tremendous TODAY to refinance your existing loan or to lock in a mortgage rate on your Pasadena home purchase. We're seeing rates as low as 5.75% with NO points for a 30 year fixed loan.

If you'd like to reach Mondie to discuss your mortgage options, please call her at 909-912-1847.

Don't miss this one!

Looking for more information about Pasadena California - see Pasadena City Guide.

Nov. 24, 2008

Pasadena California Real Estate and Homes for Sale-Single Family Residences-Property for Sale in MLS

[idx-listings city="Pasadena" propertytypes="516" orderby="DateAdded" orderdir="DESC" count="100" showlargerphotos="true"]

Nov. 24, 2008

Pasadena Real Estate Market and Housing Report - October 2008

Pasadena's real estate inventory of homes has decreased in October to 127 units overall - inclusive of single family residences, condos and townhomes. It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from. The sales have closed strongly in October at 117 units. Next month, we will see a marked decrease in this number as evidenced by the decline in the Pasadena home buyers going into escrow in October.

This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports. Median home sales prices provide a more accurate picture since the median signifies that 50% of Pasadena homes sold for more and 50% of these homes sold for less. Hope that you will find it useful.

Market Action Indicator for Pasadena's real estate is currently in the buyer's zone though not strongly so. The 90-day Market Action Index stands this week at 22 so buyers should expect find reasonable levels of selection. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

The highest sold home in Pasadena for October was at 485 South Grand Avenue, a 4 bedroom/4 bath luxury estate with 6,000 sq. ft. on a 24,345 sq. ft. lot which sold for $4,300,000 at 95.56% of its asking price.

The lowest sold home in Pasadena for October was 476 East Mountain Street, a 1 bedroom and 1 bath with 624 sq. ft of a 2,580 sq. ft. lot whcihc sold for $233,000. This home sold over its original asking price of $226,900.

Overall, October's single family residences sold at 95.20% of their asking price.

READ MORE: Pasadena Real Estate Market Report and Housing Update for December 2008

Housing Market Statistics for Pasadena California for August 2008 through October 2008:

Single
Family Residence
Aug-08 Sep-08 Oct-08
New
Listings
80 78 72
Total
Listings
325 341 303
Sales
Pending
43 95 61
Homes Sold 69 59 71
Listings
Expired
36 59 54
Average Days
on the Market
133 115 141
Average
Price Per Sq. Ft.
$407 $396 $411
Average
Selling Price
$923,986 $751,228 $811,092
Median
Selling Price
$657,000 $655,000 $620,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
20.4 25.0 18.5
       
Condos Aug-08 Sep-08 Oct-08
New
Listings
31 46 43
Total
Listings
136 156 165
Sales
Pending
9 38 26
Homes Sold 27 21 31
Listings
Expired
22 35 16
Average Days
on the Market
115 121 135
Average
Price Per Sq. Ft.
$397 $445 $401
Average
Selling Price
$515,896 $459,540 $442,758
Median
Selling Price
$399,500 $350,000 $415,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
21.8 32.2 23.1
       
Townhomes Aug-08 Sep-08 Oct-08
New
Listings
11 16 12
Total
Listings
57 69 68
Sales
Pending
6 18 3
Homes Sold 13 15 15
Listings
Expired
4 12 10
Average Days
on the Market
111 130 72
Average
Price Per Sq. Ft.
$385 $358 $347
Average
Selling Price
$
597,477
$
512,933
$
544,820
Median
Selling Price
$
539,000
$
500,000
$
519,900
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
19.0 19.9 19.6

Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).

Search all Pasadena Condos for Sale in MLS (Multiple Listing Service):

Search all homes (single family residences) for sale in Pasadena MLS (Multiple Listing Service):

Search All Pasadena Foreclosures or Bank Owned Homes for Sale (MLS - Multiple Listing Service)

SEARCH
PASADENA CA HOMES FOR SALE (Single Family Residences - SFR)

SEARCH
PASADENA CONDOS AND TOWNHOMES FOR SALE

If you are interested in receiving a weekly Pasadena real estate market
report
with the Market Price Index, you can request
the Pasadena Market Real Estate Report
here and it will be emailed
to you automatically each Monday. This is a report that I order specifically
for the readers of my website from Altos Research who specializes
specifically in real estate housing market activity throughout the country.

Nov. 23, 2008

San Marino Real Estate Market Report for October 2008

San Marino California's real estate inventory remains pretty stable for October. The number of new homes listed for sale remains at 12 with no change from August and the overall number of available homes is still in the low 30s.

On average, it is taking a little over a month to market and sell a home in San Marino and the homes are still selling in the mid $1 million dollar range.

San Marino homes that sold in October sold on average OVER their asking price at 102.43%. The average home sold was 2,868 sq. ft. and had 4 bedrooms and 3 baths.

SEARCH ALL SAN MARINO REAL ESTATE HOMES FOR SALE

Read the full article with detailed statistics for San Marino real estate by clicking here - San Marino real estate market housing report and statistics for 2008

In the meantime, here's a live feed of all San Marino homes for sale in California for your review:

For additional information on San Marino housing and real estate market conditions or a confidential consultation to see how your San Marino home is fairing in the market, please call Irina at 626-627-7107.

Nov. 23, 2008

Pasadena Real Estate Market and Housing Report - October 2008

Pasadena's real estate inventory of homes has decreased in October to 127 units overall - inclusive of single family residences, condos and townhomes. It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from. The sales have closed strongly in October at 117 units. Next month, we will see a marked decrease in this number as evidenced by the decline in the Pasadena home buyers going into escrow in October.

This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports. Median home sales prices provide a more accurate picture since the median signifies that 50% of Pasadena homes sold for more and 50% of these homes sold for less. Hope that you will find it useful.

Market Action Indicator for Pasadena's real estate is currently in the buyer's zone though not strongly so. The 90-day Market Action Index stands this week at 22 so buyers should expect find reasonable levels of selection. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

 

The highest sold home in Pasadena for October was at 485 South Grand Avenue, a 4 bedroom/4 bath luxury estate with 6,000 sq. ft. on a 24,345 sq. ft. lot which sold for $4,300,000 at 95.56% of its asking price.

The lowest sold home in Pasadena for October was 476 East Mountain Street, a 1 bedroom and 1 bath with 624 sq. ft of a 2,580 sq. ft. lot whcihc sold for $233,000. This home sold over its original asking price of $226,900.

Overall, October's single family residences sold at 95.20% of their asking price.

Housing Market Statistics for Pasadena California for August 2008 through October 2008:

Single
Family Residence
Aug-08 Sep-08 Oct-08
New
Listings
80 78 72
Total
Listings
325 341 303
Sales
Pending
43 95 61
Homes Sold 69 59 71
Listings
Expired
36 59 54
Average Days
on the Market
133 115 141
Average
Price Per Sq. Ft.
$407 $396 $411
Average
Selling Price
$923,986 $751,228 $811,092
Median
Selling Price
$657,000 $655,000 $620,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
20.4 25.0 18.5
Condos Aug-08 Sep-08 Oct-08
New
Listings
31 46 43
Total
Listings
136 156 165
Sales
Pending
9 38 26
Homes Sold 27 21 31
Listings
Expired
22 35 16
Average Days
on the Market
115 121 135
Average
Price Per Sq. Ft.
$397 $445 $401
Average
Selling Price
$515,896 $459,540 $442,758
Median
Selling Price
$399,500 $350,000 $415,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
21.8 32.2 23.1
Townhomes Aug-08 Sep-08 Oct-08
New
Listings
11 16 12
Total
Listings
57 69 68
Sales
Pending
6 18 3
Homes Sold 13 15 15
Listings
Expired
4 12 10
Average Days
on the Market
111 130 72
Average
Price Per Sq. Ft.
$385 $358 $347
Average
Selling Price
$
597,477
$
512,933
$
544,820
Median
Selling Price
$
539,000
$
500,000
$
519,900
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
19.0 19.9 19.6

Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).

Search all Pasadena Condos for Sale in MLS (Multiple Listing Service):

Search all homes (single family residences) for sale in Pasadena MLS (Multiple Listing Service):

Search All Pasadena Foreclosures or Bank Owned Homes for Sale (MLS - Multiple Listing Service)

SEARCH
PASADENA CA HOMES FOR SALE (Single Family Residences - SFR)

SEARCH
PASADENA CONDOS AND TOWNHOMES FOR SALE

 

Nov. 21, 2008

Chief Economist for California Association of Realtors speaks to Pasadena Realtors

This week, I was privileged to attend a presentation by Leslie Appleton-Young. Leslie is the Vice President of California Association of Realtors and their Chief Economist.

I have never heard Leslie speak before and was surprised with her vibrant personality and down to earth style. it's always hard to deliver bad news to a room full of Pasadena realtors, but she did with style and ease.

It turns out that Leslie is a resident of Pasadena and has been living in our community for the last year and a half. Pretty exciting for me since I'm hoping that I'll run into her one day at Pete's and will have an opportunity to pick her brain a bit. :-D

I will be writing a post over the next few days to share my thoughts on real estate market expectations for 2009 in Pasadena, but in the meantime, here's what Leslie shared with the real estate community.

Personal Consumption:

American consumers have been spending more and saving less. For the first time since 1992, personal consumption dropped. Simply, this means that people buy less which causes employers to cut back jobs.

California is losing more jobs on average - California's unemployment rate in August 2008 was 7.7% while United States as a whole was 6.1% in September 2008.

California Housing Permits:

New Housing Permits are down by 45.1% year to date in California - under 50,000 units compared to over 100,000 in 2007. Builders are waiting for the existing inventory to be absorbed.

National Economy Outlook through 2009:

READ ENTIRE ARTICLE BY CLICKING HERE - ORIGINAL POST ON THE STATE OF PASADENA CALIFORNIA HOUSING MARKET

Nov. 19, 2008

Alhambra California - List of Foreclosure Homes

[idx-listings linkid="125365" count="1000" showlargerphotos="true"]

Nov. 19, 2008

Arcadia California Foreclosures - Homes for Sale and Bank Owned Real Estate (REO) Homes in Arcadia

Arcadia Foreclosures, also known, as Real Estate Owned (REO) homes offer a great opportunity for home buyers. Below, is a map with all available Arcadia foreclosures listed in the Multiple LIsting Service (MLS). Feel free to click on any home for more information like price, house details, photographs and more. You can also create a VIP account which will save your home searches and will email new home listings to you as they become available. This way, you will not miss your opportunity to own a home in Arcadia California.

Immediately below the map, you will find a few of the most recent Arcadia foreclosure homes for sale for your review.  This property list is updated automatically as new REOs come up on the real estate market.

Give us a call at (626) 629-8439 if you would like to schedule a time to see any of these homes for sale or meet for a home buyer consultation.

 

Arcadia homes for sale - Foreclosures in Arcadia California


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!

Pasadena Views Real Estate Team
(626) 629-8439