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.

Down Beat Express (Big Band)	Saturday, June 27th
Elk's #99 Concert Band (Patiotic Music)	Saturday, July 4th
The Surfing Safaris (Beach Party)	Saturday, July 18th
Elliott Caine (Jazz Trumpet)	Saturday, July 25th
Melena (Latin Jazz)	Saturday, August 1st
Those Manning Boys (Irish Dance & Song)	Saturday, August 8th
Brian Hughes (Jazz Guitarist)	Saturday, August 15th
All American Wranglers (Country)	Saturday, August 29th
Hot August Night (tribute to Neil Diamond)	Saturday, Sept. 12th

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

Hodads (Beach Tunes)	Thursday, July 9th
Hollin' Blues Boogie Band (Blues)	Thursday, July 16th
Rockit Scientists (Tribute to Baby Boomers)	Thursday, July 23rd
Silverados (Country)	Thursday, July 30th
Cold Duck (70's)	Thursday, August 6th
Jumpin Joz (Swing)	Thursday, August 13th
Rubber Soul (Beatles Tribute)	Thursday, August 20th

COVINA, CA

Location: 301 North 4th Avenue Covina Park Bandshell

Time: 7:30 p.m.

The Answer (Classic Rock)	Monday, June 22nd
Covina Concert Band - Swing with the Big Bands	Thursday, June 25th
Cold Duck (R&B)	Monday, June 29th
Covina Concert Band - America: Home Sweet Home	Thursday, July 2nd
The Hodads (Beach Boys Tunes)	Monday, July 6th
Covina Concert Band - Broadway Curtain Time	Thursday, July 9th
Suave (Latin Jazz, Disco & Salsa)	Monday, July 13th
Covina Concert Band - Night at the movies	Thursday, July 16th
Undercover Girls (Rock hits)	Monday, July 20th
Covina Concert Band - Music for the Young at Heart	Thursday, July 23rd
Film at Eleven & The Late Breaking Horns (Classic 60's n 70's)	Monday, July 27th
Covina Concert Band - Around the World in 80 Minutes	Thursday, July 30th

GLENDORA, CA

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

Time: 6:00 p.m.

The Answer (Classic Rock)	Sunday, July 12th
Stone Soul (Motown & Soul)	Sunday, July 19th
Disco Diva (70's Dance)	Sunday, July 26th
Elvis	Sunday, August 2nd
The Wise Guys (Big Band)	Sunday, August 9th
All American Wranglers (Counrty)	Sunday, August 16th
Cold Duck (R&B)	Sunday, August 23rd

LA CANADA FLINTRIDGE, CA

Location: 1301 Foothill Blvd., Memorial Park

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

Wake the Bard  (Traditional Celtic)	Sunday, June 21st
Misplaced Priorities (Classic Rock) Classic Car Show prior to Concert	Sunday, June 28th
Steve Roth (Elvis Tribute)	Sunday, July 5th
The Jack Lantz Big Band (Big Band)	Sunday, July 12th
Pacific Coast Highway (Light Rock)	Sunday, July 19th
Brian Lynn Jones & The Misfit Cowboys (Country)	Sunday, July 26th
Swing Inc. (Swing)	Sunday, August 2nd
Hot August Night ( Tribute to Neil Diamond)	Sunday, August 9th
Bluegrass Billionares (Bluegrass)	Sunday, August 16th
Palm Drive ( Classic Rock)	Sunday, August 23rd

LOS ANGELES - DOWNTOWN

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

Call: 213-687-2159

Hal David - Musicology 302	July 9th 8:00 p.m.
Rocky Dawuni	July 10th 12:00 & 8:00 p.m.
Buika & Perla Batalla	July 11th 8:00 p.m.
Justo Almario's Afro-Colombian Ensamble	July 17th 12:00 p.m.
Watcha Clan & CuCu Diamantes	July 17th 8:00 p.m.
Albita	July 18th 8:00 p.m.
The Bad Plus & Wendy Lewis	July 24th 12:00 & 8:00 p.m.
Curumin & Novalima	July 25th 8:00 p.m.
Lo Cor de la Plana & Fishtank Ensemble	July 31st 12:00 & 8:00 p.m.
Mentiritas, La Santa Cecilia & Mr. Vallenato	August 1st 7:00 p.m.
Haegum Plus	August 7th 12:00 & 8:00 p.m.
Tanya Tagaq & Hyperpotamus	August 8th 8:00 p.m.
K.B. Solomon: The Paul Robeson Project	August 9th 8:00 p.m.
Toto la Momposina y sus Tambores	August 14th 12:00 & 8:00 p.m.
Rokia Traore	August 15th 8:00 p.m.
Inspiration House Poetry Choir	August 20th 8:00 p.m.
Adaawe	August 21st 12:00 p.m.
Rahim Alhaj	August 21st 8:00 p.m.

MONROVIA, CA

Location: Library Park Bandshell

Time: 6:30 p.m.

Doo Wah Riders	Sunday, July 12th
Moon Dance	Sunday, July 19th
The Answer	Sunday, July 26th
Reflex	Sunday, August 2nd

 

PASADENA, CA

Visit Pasadena City Guide for more information.

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http://www.pasadenacarealestatehomes.com/00764C

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:

 

To search Altadena foreclosures, as well as, foreclosures in Pasadena and surrounding cities, please see the list below:

 

 

 

I invite you to request Altadena's real estate market real time reports by clicking How's the Market button on my real estate blog. These reports are compiled by Altos Research and the analysis is emailed to you weekly. I also offer real estate market reports for San Gabriel, San Marino, South Pasadena, Pasadena, Arcadia, Altadena, Monterey Hills and more.

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 626.627.7107.

Posted by Irina Netchaev, real estate broker

 

 

http://www.pasadenacarealestatehomes.com/00961B

January has seen a 31% increase in homes for sale in Altadena California.  The inventory stands at 105 single family residences and 2 condos and townhomes.  The number of Altadena foreclosures is on the rise 25 out of 105 houses for sale are either foreclosures or short sales, with 5 new foreclosures hitting the market in January.

This is not surprising since the banks are releasing their foreclosures after the first of the year and we expect to see that number rise over the next few months. 

Price per square foot of sold homes is holding it's own in Altadena at $310 per sold sq. ft.

Los Angeles Times Dataquick service reports that Altadena ended 2008 with 356 sales at an average price of $509,500 which represents a 19.19% decrease in average sales price from 2007.

There are certainly Altadena home deals to be found for home buyers and a nice home can now be found in the $400,000 range.

Altadena Real Estate statistics for November 2008 through January 2009:

Single Family Residence	Nov-08	Dec-08	Jan-09
New Listings	15	20	25
Total Listings	100	80	105
Sales Pending	18	5	22
Homes Sold	17	24	28
Listings Expired	13	24	14
Average Days on the Market	85	98	151
Average Price Per Sq. Ft.	$314	$311	$310
Average Median Price	$360,000	$469,350	$540,679
Average Selling Price	$543,082	$255,000	$273,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	25.5	14.4	16.3
Condos and Townhomes	Nov-08	Dec-08	Jan-09
New Listings	0	0	2
Total Listings	0	0	2
Sales Pending	1	0	1
Homes Sold	1	0	1
Listings Expired	0	0	0
Average Days on the Market	93	n/a	25
Average Price Per Sq. Ft.	$206	n/a	$333
Average Median Price	$220,000	n/a	$277,000
Average Selling Price	$220,000	n/a	$277,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	0.0	n/a	8.7

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:

 

To search Altadena foreclosures, as well as, foreclosures in Pasadena and surrounding cities, please see the list below:

 

 

 

I invite you to request Altadena's real estate market real time reports by clicking How's the Market button on my real estate blog. These reports are compiled by Altos Research and the analysis is emailed to you weekly. I also offer real estate market reports for San Gabriel, San Marino, South Pasadena, Pasadena, Arcadia, Altadena, Monterey Hills and more.

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 626.627.7107.

Posted by Irina Netchaev, real estate broker

 

 

http://www.pasadenacarealestatehomes.com/009478

The number of home sales in Altadena has plummeted in November to 17 from 30.  That's quite a drastic drop in sales with December not looking any more promising since the number of Altadena homes in escrow at only 18. 

 

Overall, the price per square foot is holding in the low $300s, but Altadena homes in the higher price range are just not moving.  That's indicative of the Altadena median home price dropping to $360,000.

Altadena homes on the market now are averaging around $730,000. 

The highest priced home in Altadena for sale in November was at 1690 East Altadena listed for $2,850,000.

The lowest priced Altadena home for sale in November was at 849 Figueroa Drive for $240,000.

Single Family Residence	Sep-08	Oct-08	Nov-08
New Listings	30	37	15
Total Listings	108	121	100
Sales Pending	33	22	18
Homes Sold	30	30	17
Listings Expired	21	11	13
Average Days on the Market	139	129	85
Average Price Per Sq. Ft.	$360	$321	$314
Average Median Price	$483,500	$460,000	$360,000
Average Selling Price	$553,587	$528,987	$543,082
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	15.6	17.5	25.5
Condos and Townhomes	Sep-08	Oct-08	Nov-08
New Listings	0	2	0
Total Listings	0	2	0
Sales Pending	0	1	1
Homes Sold	0	0	1
Listings Expired	1	1	0
Average Days on the Market	n/a	n/a	93
Average Price Per Sq. Ft.	n/a	n/a	$206
Average Median Price	n/a	n/a	$220,000
Average Selling Price	n/a	n/a	$220,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	n/a	n/a	0.0

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:

To search Altadena foreclosures, as well as, foreclosures in Pasadena and surrounding cities, please see the list below:

 

 

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

I invite you to request Altadena's real estate market real time reports by clicking How's the Market button on my real estate blog.  These reports are compiled by Altos Research and the analysis is emailed to you weekly.  I also offer real estate market reports for San Gabriel, San Marino, South Pasadena, Pasadena, Arcadia, Altadena, Monterey Hills and more.

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 626.627.7107.

Posted by Irina Netchaev, real estate broker

 

 

http://www.pasadenacarealestatehomes.com/009279