Pasadena Real Estate

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:

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

Monterey Hills inventory of condos and townhomes is becoming non-existent. Considering that there are close to 1,800 housing units on the hill, only 7 condos and 3 townhomes were available for sale in February.  2008 saw only 36 Monterey Hills condos and townhomes sold - about 3 a month.  That number was significantly lower from just 3 years ago of 99 sales in 2005.

Monterey Hills has always been a great investment for property owners looking to rent their units.  The proximity to USC and downtown LA makes these condos easy to rent.  This could explain the decreased number of sales as owners are taking advantage of the easy rentals and holding on to their property until the market turns around.

Here are statistics for Monterey Hills Real Estate for December 2008 through February 2009:

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

Monterey Hills condo and townhome inventory is almost non-existent in January.  Two new condos came up on the market and two condos closed escrow. Only one townhome is available for sale on the hill.

Considering there are 21 condo complexes with close to 1,800 condo and townhome units, the supply of condos isn't quite there.  The demand is not quite there as well with price per square foot falling to $277.

It'll be interesting to track the developments on the hill over the next few months.  In the meantime, here're Monterey Hills statistics for the last three months:

Search for available Monterey Hills condos and townhomes:

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a Monterey Hills condominium or townhouse, please click on the search home link.

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

Monterey Hills condos and townhomes are definitely feeling the downturn in the economy.  Only 2 Monterey Hills condos and 1 townhome sold in December.  The listing inventory is very low as well.  Less than a dozen properties are available for sale.  Take a look at the real estate statistics for the last quarter of 2008 below.

Monterey Hills Real Estate Statistics for October 2008 to December 2008:

Search for available Monterey Hills condos and townhomes:

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a Monterey Hills condominium or townhouse, please click on the search home link.

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    

Not much change in the Monterey Hills real estate inventory in November 2008.  Monterey Hills townhomes are non-existent - only one unit on the market.  Monterey Hills condos are also pretty much at a stand-stil with no new condo listings in November and only eight total condos available for sale. 

Statitstics for Monterey Hills real estate for September through November 2008:

See Monterey Hills condos and townhomes available for sale below:

(Please note, because there are multiple listing services in the Pasadena Monterey Hills area and our listing service combines condo and townhome information from all these listing services, some of the home listings can be duplicated since these condos and townhomes have been entered into each indivdual service separately - have fun searching)

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a Monterey Hills condominium or townhouse, please click on the search home link.

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