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. 19, 2008

Altadena California - Bank Owned Homes (Foreclosures)

If you are looking for bank owned homes in Altadena, you've come to the right place.  Below is a map with all available foreclosures in Altadena.  You can click on any of the houses for additional information including photographs, prices and historical data.  Underneath the map of Altadena is a list of actual homes that are available for sale.  You can also set up  a VIP account and custom searches to have real estate listings mailed to you as they are listed on the MLS.

Our team of real estate agents are here for you when you're ready to start your home search.  Call us at (626)629-8439 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!

Nov. 19, 2008

Pasadena Mortgage Rates Report - November 19, 2008

by Brian Brady

The economy is really sick:

Today's CPI report signals deflation, or a prolonged price slide, may become another hazard facing Federal Reserve Chairman Ben S. Bernanke and President-elect Barack Obama. Deflation could worsen the economic downturn by making debts harder to pay off and countering the impact of Fed interest-rate cuts.

''The economy's really just in horrific shape,'' said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities in New York. Fed officials will ''take rates as low as they have to'' to avoid ''a deflation-type scenario, which now all of a sudden is very possible.''

LaVorgna predicts the Fed will cut its main rate to 0.5 percent from its current 1 percent when it meets on Dec. 16.

Fed Vice Chairman Donald Kohn said today that while the risk of deflation is ''still small,'' policy makers must be ''aggressive'' in fighting the danger. The economy ''is declining right now'' and will record a couple of quarters of contraction, he said in answering questions after a speech in Washington.

Fed policy makers last month forecast the U.S. economy will contract through the middle of 2009, with some officials prepared to cut interest rates further in response, according to a record of the group's meeting.

If the Fed's thinking of cutting rates further, why aren't mortgage rates going down? I think it's because the Fed has done all it can do. Future rate cuts are like that eighth scotch. Drinking that eighth scotch isn't going to make you feel any better than the seven prior. It just might make you feel worse.

I advised folks, right after the election, to lock loans with rates under 6% if they were closing within 30 days. Today, I'm suggesting that you lock any loan that is closing this year. Today, a 45-day lock for a 6.0% rate would costs 1.25%. While you may see rates drop below 6% , in the next 45 days, the risk of them moving higher is greater.

Take 6% and run.

Nov. 17, 2008

Altadena Real Estate Market Report - October 2008

Altadena real estate is still seeing an increase in home listings. Inventory is increasing, prices are going down and sales will be decreasing in the next couple of months. Take a look at the number of Altadena homes with accepted offers (sales pending) and you will see a significant decrease from 37 in June to 22 in October.

Starting with October 2008, I will be able to include the Median Sales Price which will help us in tracking the real estate market a bit more effectively.

In the meantime, Altadena is still in a very strong buyer's market.

Condos and townhomes in Altadena are still almost nowhere to be found, but for the persistent few who want to buy an Altadena condo there are a couple available for sale.

If you are looking for Altadena foreclosures, here's a list of all Altadena homes that are bank owned and foreclosed.

Altadena Real Estate Market Statistics for October 2008 with comparison to June and September:

Single Family Residence Jun-08 Sep-08 Oct-08
New Listings 36 30 37
Total Listings 137 108 121
Sales Pending 37 33 22
Homes Sold 31 30 30
Listings Expired 13 21 11
Average Days on the Market 116 139 129
Average Price Per Sq. Ft. $378 $360 $321
Average Median Price $460,000
Average Selling Price $745,097 $553,587 $528,987
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 19.2 15.6 17.5
Condos and Townhomes Jun-08 Sep-08 Oct-08
New Listings 1 0 2
Total Listings 4 0 2
Sales Pending 0 0 1
Homes Sold 1 0 0
Listings Expired 1 1 1
Average Days on the Market 12 n/a n/a
Average Price Per Sq. Ft. $431 n/a n/a
Average Median Price n/a n/a
Average Selling Price $535,000 n/a n/a

Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

SEARCH HOMES FOR SALE IN ALTADENA (Single Family Residences)

SEARCH ALTADENA CONDOS AND TOWNHOMES FOR SALE

SEE ALL ALTADENA HOMES FOR SALE IN MLS (MULTIPLE LISTING SERVICE):

Real estate market activity with real time updated data can be found on Pasadena California Real Estate Blog's How is the Real estate Market tab. These real estate housing reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Real Estate Agent.

Nov. 15, 2008

South Pasadena California Foreclosure List-Bank Owned (REO-Real Estate Owned) Homes for Sale

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Nov. 15, 2008

Pasadena Foreclosures in 91107: Homes for Sale

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Nov. 15, 2008

Pasadena Foreclosures in 91101: Homes for Sale

Nov. 13, 2008

South Pasadena Dusty Deals - November 2008

As a real estate agent working in and around Pasadena California, I am constantly getting phone calls from buyers looking for great deals and information on the latest real estate prices.

If you are looking for a real estate deal, you came to the right place. I will be posting my "Dusty Deals" by area on a monthly basis right here for your review.

What is a "Dusty Deal" list? It is a list of homes for sale in 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, but wonder what is wrong with these homes 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!

For a complete list of dusty deals for November - homes for sale in Arcadia, Alhambra, Altadena, Burbank, Eagle Rock, Highland Park, La Canada Flintridge, Monrovia and Monterey Hills, please visit - Dusty Deals for November 2008. With the inventory of homes being at a record high, you'll need to scroll down to find the city that you're interested in. It's a very long post.

If there's a particular city that you're interested in getting a list for, please leave a comment and I'll make sure that I include it in future posts.

So here's a list of homes for sale in South Pasadena California that have been on the market for over 100 days:

Address BR BA Price Price/Sq.Ft. MLS # DOM
501 Fremont Ln South Pasadena, CA 91030 2 1 649,000 694.86 22110960 103
1520 Oneonta Knl South Pasadena, CA 91030 2 2 785,000 476.62 22105999 25
1836 Peterson Ave South Pasadena, CA 91030 3 2 799,000 360.56 22106514 194
1238 Kolle Ave South Pasadena, CA 91030 4 3 829,000 454.5 22109269 134
612 Indiana Ter South Pasadena, CA 91030 3 2 829,000 534.84 22110679 108
297 Camino Del Sol South Pasadena, CA 91030 3 2 948,800 523.04 22108186 159
1412 Maple St South Pasadena, CA 91030 3 2 978,800 602.71 22109164 134
206 Warwick Ave South Pasadena, CA 91030-3519 3 2 1,000,000 433.28 12087461 198
1701 Hanscom Dr South Pasadena, CA 91030 4 3 1,198,000 526.83 22108970 142
419 Camino Verde South Pasadena, CA 91030 5 3 1,298,000 386.08 22106641 180
359 Alta Vista Ave South Pasadena, CA 91030 5 4 1,778,000 447.75 22110831 98

Dusty Deals list for September 08 - Pasadena, San Marino, Alhambra, Altadena, South Pasadena, Arcadia, Monrovia, Sierra Madre, Monrovia

Dusty Deals List for August 08 - Pasadena, Alhambra, South Pasadena, Monterey Hills, Altadena, Sierra Madre, Arcadia, Monrovia and San Marino

As you're going through the list, please look at the last column titled DOM (Days on the Market). This will tell you how many days these homes have been on the market.

Are you looking to buy a home in South Pasadena California? We are happy to give you all the information that might help you with your home purchase. Please call us 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!

 

Nov. 12, 2008

San Marino Dusty Deals - November 2008

As a real estate agent working in and around Pasadena California, I am constantly getting phone calls from buyers looking for great deals and information on the latest real estate prices.

If you are looking for a real estate deal, you came to the right place. I will be posting my "Dusty Deals" by area on a monthly basis right here for your review.

What is a "Dusty Deal" list? It is a list of homes for sale in 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, but wonder what is wrong with these homes 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!

For a complete list of dusty deals for November - homes for sale in Arcadia, Alhambra, Altadena, Burbank, Eagle Rock, Highland Park, La Canada Flintridge, Monrovia and Monterey Hills, please visit - Dusty Deals for November 2008. With the inventory of homes being at a record high, you'll need to scroll down to find the city that you're interested in. It's a very long post.

If there's a particular city that you're interested in getting a list for, please leave a comment and I'll make sure that I include it in future posts.

So here's a list of homes for sale in San Marino California that have been on the market for over 100 days:

Address BR BA Price Price/Sq.Ft. MLS # DOM
1915 Sycamore DR San Marino, CA 91108 3 2 1,198,000 531.26 488075423 530
2734 Monterey Rd San Marino, CA 91108 4 3 1,248,800 544.38 22106513 642
2103 Roanoke RD San Marino, CA 91108 4 4 1,438,000 559.75 488073866 360
1635 Rubio Dr San Marino, CA 91108 4 3 1,650,000 613.61 12111337 96
2890 Wallingford RD San Marino, CA 91108 4 4 2,138,000 577.84 408071366 751
1385 Old Mill Rd San Marino, CA 91108 8 7 8,900,000 1,093.10 22109072 140

As you're going through the list, please look at the last column titled DOM (Days on the Market). This will tell you how many days these homes have been on the market.

READ MORE:

Dusty Deals list for September 08 - Pasadena, San Marino, Alhambra, Altadena, South Pasadena, Arcadia, Monrovia, Sierra Madre, Monrovia

Dusty Deals List for August 08 - Pasadena, Alhambra, South Pasadena, Monterey Hills, Altadena, Sierra Madre, Arcadia, Monrovia and San Marino

As you're going through the list, please look at the last column titled DOM (Days on the Market). This will tell you how many days these homes have been on the market.

Are you looking to buy a home in San Marino California? We are happy to give you all the information that might help you with your home purchase. Please call us at 626-629-8439.

Here's a list of the latest San Marino homes for sale:


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 Dusty Deals, San Marino
Nov. 12, 2008

South Pasadena Dusty Deals - November 2008

As a real estate agent working in and around Pasadena California, I am constantly getting phone calls from buyers looking for great deals and information on the latest real estate prices.

If you are looking for a real estate deal, you came to the right place. I will be posting my "Dusty Deals" by area on a monthly basis right here for your review.

What is a "Dusty Deal" list? It is a list of homes for sale in 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, but wonder what is wrong with these homes 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!

For a complete list of dusty deals for November - homes for sale in Arcadia, Alhambra, Altadena, Burbank, Eagle Rock, Highland Park, La Canada Flintridge, Monrovia and Monterey Hills, please visit - Dusty Deals for November 2008. With the inventory of homes being at a record high, you'll need to scroll down to find the city that you're interested in. It's a very long post.

If there's a particular city that you're interested in getting a list for, please leave a comment and I'll make sure that I include it in future posts.

So here's a list of homes for sale in South Pasadena California that have been on the market for over 100 days:

Address BR BA Price Price/Sq.Ft. MLS # DOM
501 Fremont Ln South Pasadena, CA 91030 2 1 649,000 694.86 22110960 103
1520 Oneonta Knl South Pasadena, CA 91030 2 2 785,000 476.62 22105999 25
1836 Peterson Ave South Pasadena, CA 91030 3 2 799,000 360.56 22106514 194
1238 Kolle Ave South Pasadena, CA 91030 4 3 829,000 454.5 22109269 134
612 Indiana Ter South Pasadena, CA 91030 3 2 829,000 534.84 22110679 108
297 Camino Del Sol South Pasadena, CA 91030 3 2 948,800 523.04 22108186 159
1412 Maple St South Pasadena, CA 91030 3 2 978,800 602.71 22109164 134
206 Warwick Ave South Pasadena, CA 91030-3519 3 2 1,000,000 433.28 12087461 198
1701 Hanscom Dr South Pasadena, CA 91030 4 3 1,198,000 526.83 22108970 142
419 Camino Verde South Pasadena, CA 91030 5 3 1,298,000 386.08 22106641 180
359 Alta Vista Ave South Pasadena, CA 91030 5 4 1,778,000 447.75 22110831 98

Dusty Deals list for September 08 - Pasadena, San Marino, Alhambra, Altadena, South Pasadena, Arcadia, Monrovia, Sierra Madre, Monrovia

Dusty Deals List for August 08 - Pasadena, Alhambra, South Pasadena, Monterey Hills, Altadena, Sierra Madre, Arcadia, Monrovia and San Marino

As you're going through the list, please look at the last column titled DOM (Days on the Market). This will tell you how many days these homes have been on the market.

Are you looking to buy a home in South Pasadena California? We are happy to give you all the information that might help you with your home purchase. Please call us 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!

Nov. 5, 2008

Looking for Pasadena Short Sales?

Over the last few months, Pasadena home buyers have been learning about short sales. A short sale simply means that a bank is willing to accept less money than what the owner owes on his or her home because the property can not sell at a price high enough to cover the mortgage and selling expenses fully. In essence, an owner is "upside down" on their property.

Short sales create an opportunity for Pasadena home buyers to get a potential deal on the home of their dreams. Short sales are not the easiest sales to pull together and it takes a real estate agent with experience, excellent negotiating skills, and perseverance to work with the banks. I say banks, because in most cases, there are several banks involved in the transaction since the home sellers usually have more than one loan on their property.

Short sales also take a lot of patience on the buyer's side. They have a tendency to drag on, sometimes for months. But, having said that, we can not ignore the fact that they present potential opportunities.

Here's a list of short sales in Pasadena and surrounding cities for your review. Feel free to call us at 626-629-8439 for more information or to set up an appointment for a free buyers consultation where you can learn all about purchasing a "short sale" home.


 

Also, feel free to search the multiple listing service at your convenience. This home search service allows you to create your own account where you can create multiple home and condo searches for Pasadena, San Marino and other areas. As new home listings become available, you will be notified via email automatically. This way, you will always have the most current and latest home inventory information.