Pasadena Real Estate

Arcadia Real Estate Update

It's been awhile since I ran real estate statistics for my readers on Arcadia California. So... to make up for it, you'll get a ton of data that you can chew on... :)

Let's take a look at a couple of things.  First, the last few months of our regular data below shows that the number of new homes and the overall inventory of units in Arcadia for all types of properties is staying pretty stable. 

Price per square foot of sold single family Arcadia homes is inching up closer to the mid $400 range.  It'll be interesting to see if the price will flat line during the summer or move a bit up.  My guess is that it will remain pretty stable since the inventory is not moving overly quickly.

There has been an increase in sales for both condos and townhomes.  However, the price per square foot moved down a bit.

Arcadia real estate statistics for February 2010 through May 2010:

Longer view Arcadia real estate trends?

I wanted to show you the investment return on Arcadia real estate - all property types - based on a purchase five years ago vs. 1 year ago.  Trendgraphix using the data from the Pasadena Foothill Association of Realtors captures the following information:

1 month			1 year			5 years
	Mar 10	Apr 10	% Change	Apr 09	Apr 10	% Change	Apr 05	Apr 10	% Change
Avg. Active Price	1193	1159	-2.8%	1275	1159	-9.1%	1132	1159	2.4%
Avg. Sold Price	860	999	16.2%	715	999	39.7%	797	999	25.3%

Real Time Arcadia Real Estate Statistics and Home Sales Data:

Information below is provided by Altos Research and will be updated every week as new real estate data for Arcadia California is available.  Feel free to bookmark this post and refer to it often.

Median Price for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is $950,000

Inventory for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is 196

Average Days on Market for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is 96

Median Price per Sqft for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is $421

Interested in seeing homes available for sale in Arcadia?

For details on any of the above properties, please visit Arcadia Homes for sale post.

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

PasadenaViews Real Estate Team

Arcadia Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

Arcadia home buyers that qualify for the home tax credit have only a few more days to enter into a purchase contract with a seller.  Unless, of course, they are looking for new construction homes to try to get their share of the California Home Tax Credit.

Below is a list of our Dusty Deals™ in Arcadia.  Dusty deals™ are homes that have been listed on the market for over 3 months and are regular home sales, not foreclosures (REOs) or short sales.  The reason we call them Dusty Deals^TM is most home sellers are ready to "deal" and "wheel" and sometimes, we're able to negotiate a much better price with a regular sale vs. a short sale or even a foreclosure.  So... without further delay, here's our Arcadia's dusty deals™ list:

Dusty Deals™ in Arcadia California:

So, whether you are looking to find a property in the next few days or are looking for just that right Arcadia home for sale, use the resources available on this real estate site to search for your next house, condo or townhome. As always, we are here to answer your questions and provide you with guidance.

Here's a list of homes that are currently on the market in Arcadia:

To see all Arcadia home details, please visit Arcadia homes for sale which is updated every few hours and search like a real estate agent.

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

Price per square foot for single family homes in Arcadia dropped a little as we entered fall to $401 per sq. ft.  However, during the summer months, we've seen stable increases in the same statistic.

 Arcadia Single Family Homes Real Estate Data for April 2009 through September 2009:

*All real estate reports are published Oct. 2009, based on data available at the end of Sep. 2009.
All reports presented are based on data supplied by CARETS. CARETS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by CARETS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Arcadia Single Family Homes - 5 year over view of For Sale Vs. Sold:

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http://www.pasadenacarealestatehomes.com/009E43

As many of my readers know, I have not been updating this blog on a regular schedule.  It's been an extremely busy summer for me.  My family and I just came back from a two week vacation in Maui.  I have helped 14 families buy or sell a home over the last few months and have 6 open escrows as I write this post. 

I can't tell you how busy and exciting this summer has been.  We have seen the best and the worst in the real estate industry.  Buying and selling homes in Pasadena has been evolving daily.  Let's see:

• Lenders were tight with their money.  Lender conditions were outrageous and ridiculous at times.  Many lenders are slowly, but surely are now moving back to a more balanced view and perspective on helping home buyers get home loans.  The pendulum is slowly shifting to a bit more of a realistic approach to lending. 
• Bank of America went beserk with their take over of Countrywide and screwed up a ton of escrows.  A few of my home buyers got caught in Bank of America's turmoil and no one in management seemed to care or be able to address any issues.  There is only one B of A loan officer that I trust and will not work with any other.  Email me for his name.
• FHA loans with minimal down payment are more and more prevalant and accepted.  I have helped several home buyers buy their Pasadena homes with only 3.5% or 5.1% down.
• Home sales were down and then exploded with multiple offers on any home decently priced.
• Bank foreclosures are here and more are expected.  The last few months have shown that timing is everything when it comes to bank owned or REO homes.
• Short sales are here, but need to go away...  Only 1 in 9 are successful!  Thank you, NOT, non-responsive loss mitigators.
• California came out with a New Construction Credit and ran out of funds almost immediately!
• First time home buyer credit is here for only a few more months.  Yes... all you first time home buyers listen up:  You have to find a home and buy it before November 1st, 2009 to qualify for your $8,000 tax credit.  And, yes... it's an actual credit against what you owe.  Pretty darn good!
• New government regulations came out for the Truth in Lending and HVCC (Home Valuation Code of Conduct)
• Home buyers now need to get pre-approved with at least 2 lenders.  Although, if you are working with me to find your next home, you are most likely approved with 2 direct lenders and a mortgage broker.  Minimum requirements if you are a serious buyer!

I can go on and on... but to not bore you and finish my real estate home sales reports, this month, I will combine the different city home sales reports in one.  Too much guilt on my end for not getting them out timely.  So... here goes...

Pasadena Home, Condo and Townhome Sales and Real Estate Reports:

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http://www.pasadenacarealestatehomes.com/009B70

Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert.  If that concert is free, well... that's even better.

So, without further ado, here's a list of Summer Concerts in the Park.

2009 Summer Concert Schedule:

ALTADENA, CA

Location: 568 East Mt. Curve Ave. in the Ampitheater at Farnsworth Park

Time: 7:00 p.m.

ARCADIA, CA

Location: 240 West Huntington Drive - City Hall West Lawn

Time: 6:30 - 8:00 p.m. There will also be a Free Kids Fun Zone with games and crafts

COVINA, CA

Location: 301 North 4th Avenue Covina Park Bandshell

Time: 7:30 p.m.

GLENDORA, CA

Location: 160 North Wabash Avenue, Glendora - Bandshell at Finkbiner Park

Time: 6:00 p.m.

LA CANADA FLINTRIDGE, CA

Location: 1301 Foothill Blvd., Memorial Park

Time: 6:00 - 8:00 p.m.

LOS ANGELES - DOWNTOWN

Location: 350 South Grand Avenue, Downtown Los Angeles - California Plaza

Call: 213-687-2159

MONROVIA, CA

Location: Library Park Bandshell

Time: 6:30 p.m.

PASADENA, CA

Visit Pasadena City Guide for more information.

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