As expected, the volume of sales has increased dramatically from April to May.  

Pasadena home sales increased by 20% from April and homes under contract are 23% higher.  Average selling price increased a bit as well.  Close to 100 new home listings came up on the market, but the inventory is still a bit under 300 homes.

Here's a chart from Altos Research group with the historical look at Median prices of Pasadena homes:

 

 

Pasadena Real Estate statistics for February 2009 through May 2009 (including condos, townhomes and houses):

Read more »

http://www.pasadenacarealestatehomes.com/00990F

 

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.

Read more »

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

What an interesting and challenging month it has been for Pasadena's real estate market!  

Last month, as I was writing the real estate market update, I felt that Pasadena real estate was on the rebound.  We started seeing multiple offers and multiple buyers.  Inventory of Pasadena homes and condos did not see an increase though and remained pretty steady at 80 or so units for single family homes.  Pasadena condos stayed around 40 new units per month and townhomes were still around 20 units per month.

April 2009 has shown an increase in activity for Pasadena's real estate.  More home buyers are joining in the search for that perfect home driven by low interest rates, federal as well as California incentives and lower home prices.

Many renters are realizing that they are able to afford their first Pasadena home.  Their purchase power increased tremendously with low interest rates and many are using FHA programs to get into homes with only 3.5% down.  This is driving an increase in Pasadena home sales especially under the $500,000 price range.

Take a look at the visual below looking at the actual volume of home sales comparing the first four months of 2008 to the first four months of 2009:

 

 

 

Pretty amazing, isn't it?  There were 85 homes sold under $500,000 in 2009 year to date vs only 31 in 2008!  First time home buyers are out there in droves and are competing for the inventory.

A Pasadena home seller who hires a great real estate agent and prices their home correctly can expect to sell it quickly and for more money.

Read More:  Top 10 Home Seller Mistakes

Okay, we've seen the volume, now let's take a look at the actual Pasadena real estate market performance for April 2009:

 

1. Inventory of new listings once again remains pretty steady - no major increase.  In fact, the number of newly listed condos and townhomes in Pasadena has decreased significantly.
2. Number of Pasadena homes, Pasadena condos and Pasadena townhomes in escrow has increased which means that the volume of closed sales next month will be higher.
3. Price per square foot of sold properties for Pasadena homes, Pasadena condos and Pasadena townhouses has increased.

 

This all points to a turn around in Pasadena's real estate market.  Stay tuned for next month's update.

Pasadena Real Estate Market Statistics for February 2009 through April 2009:

 

Single Family Residence	Feb-09	Mar-09	Apr-09
New Listings	86	80	83
Total Listings	305	286	314
Sales Pending	57	78	95
Homes Sold	37	57	64
Listings Expired	51	36	34
Average Days on the Market	120	93	109
Average Price Per Sq. Ft.	$348	$349	$369
Average Selling Price	$548,151	$687,300	$638,835
Median Selling Price	$470,000	$542,500	$550,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	35.7	21.7	21.3
Condos	Feb-09	Mar-09	Apr-09
New Listings	46	44	36
Total Listings	205	168	148
Sales Pending	29	23	30
Homes Sold	13	28	25
Listings Expired	19	25	23
Average Days on the Market	177	136	278
Average Price Per Sq. Ft.	$325	$315	$344
Average Selling Price	$342,577	$391,946	$405,000
Median Selling Price	$337,000	$337,250	$330,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	68.3	26.0	25.7
Townhomes	Feb-09	Mar-09	Apr-09
New Listings	22	21	15
Total Listings	83	77	70
Sales Pending	17	13	18
Homes Sold	5	18	8
Listings Expired	17	6	8
Average Days on the Market	135	173	162
Average Price Per Sq. Ft.	$342	$338	$346
Average Selling Price	$455,200	$494,583	$442,710
Median Selling Price	$375,000	$485,000	$413,340
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	71.9	18.5	42

 

 

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

For property details on these Pasadena homes, please visit Pasadena homes for sale.

 

 

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

For Pasadena foreclosure details, please visit Pasadena foreclosures for sale.

 

 

To receive weekly Pasadena real estate market report with the Market Price Index, you can register to request the Pasadena Market Real Estate Report and the analysis 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, a premier real estate statistics company specializing in real estate housing market activity throughout the country.

Read More:

Pasadena City Guide

Take advantage of the $8,000 tax credit

Considering new construction? Don't miss $100 million tax credit

Property Title Insurance?  Learn all about it!

 

If you are thinking of buying a Pasadena home, Pasadena condo or townhouse, please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

 

 

http://www.pasadenacarealestatehomes.com/00977A

I visited new condos built on Lake Avenue with a client yesterday.  We were looking to buy newly built condo in Pasadena under $400,000.  I have to say that once again, I was very impressed with the condos at Lake@Walnut. 

The building itself is wonderful.  Plenty of open space and fresh air corridors.  Outdoor patio seating area allows residents to mingle and spend time with family and friends.  The club room is beautifully appointed and inviting.

 

New construction in Pasadena is so rare that this condo development is a breath of fresh air.  Seriously... each new condo comes with beautiful Kitchen Aid Stainless Steel appliances including a refrigerator.  The developer is also offering Whirlpool Duet or Duet Sport washer and dryer.  Custom flloring and window coverings are part of the purchase price. 

 

There unit mix is 50% 1 bedroom condos and 50% 2 bedroom condos with some live/work spaces mixed in. There are 9 different models or as Lake@Walnut developer refers to them "residences" to choose from and 2 live/work floor plans to choose from.

 

I looked at two 1-bedroom condos that were available for sale on the 4th floor.  The views were spectacular facing South Lake giving you an ultimate urban feel.  Each one of the units was close to 1,000 sq. ft. of living space.  One condo was available for only $352,000 and the other for $362,000 - remember this is brand new construction!  The HOA (Home Owner Association) dues were in the low $200s.

 

In my opinion, this is one of the best buys if you are looking for newly built condos in Pasadena. Prices for 2 bedroom condos range in the $500,000 to $600,000 range.

If you are interested in more information or would like to visit the show room to look at the models, please call me at 626-627-7107 or email me at Irina@PasadenaViews.com.  As nice as the sales staff at Lake@Walnut is, you really need to have your own buyer representation - an advocate who will work for you and ensure that you get the best possible service, attention and all the perks that the developer offers. 

The developer insists that your first visit is with a real estate agent so that you are registered and represented.  Otherwise, the sales staff representing the developer will be working with you.

Compare that with the only 1 bedroom condos available for sale right now in Pasadena:

Address	Price	Sq. Ft.	Year Built
101 W Howard St Pasadena, CA 91103	$499,900	670	1914
461 N Garfield Ave Pasadena, CA 91101	$142,900	636	1901
771 N Garfield Ave Pasadena 91104-4216	$425,000	1380	1900
1462 N Catalina Ave Pasadena, CA 91104	$349,000	744	1922
1809 N Los Robles Ave Pasadena, CA 91104	$375,000	464	1908
1395 El Sereno Ave Pasadena, CA 91103	$215,000	812	1923
459 N Mar Vista Ave Pasadena 91106-1122	$269,900	695	1923

READ MORE:  Get your share of $100 million in tax credits from the State of California

See a sampling of Lake@Walnut condos for sale:

 

 

For more property details, please visit New Construction in Pasadena - Lake@Walnut

Other relatively new developements in Pasadena can be seen below:

 

For additional property information on these newly built condos, please visit new construction in Pasadena - condos for sale.  This list includes all the newly built Pasadena condos, not just 1 bedrooms.

 

If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation.  We can be reached at 626-204-3340.

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

 

 

http://www.pasadenacarealestatehomes.com/009731

Actually, this year the Showcase House of Design is in San Marino right on the border of Pasadena and just steps from South Lake Avenue Shopping District.  It is truly a magnificent Italian Renaissance Revival estate built in 1917.  This gorgeous property was designed by the renowned Pasadena architect G. Lawrence Stimson and has over 10,000 square feet of living space and sits on 2 acres of land.

Rumor has it that this estate belongs to one of San Marino's past city mayors.  It's a huge honor to have your home selected to be the Showcase Design home.  At the same time, it takes a lot of patience on the part of the owner because they have to move out months ahead of time to allow designers the time to work their magic.

 

 

It is interesting to note that Pasadena's Showcase House of the Arts is an all volunteer organization with members donating their time and talents since 1948.  They originally started out as The Pasadena Junior Philharmonic Committee, and adopted the Pasadena Showcase House of Design as their annual benefit in 1965. It is one of the oldest, largest and most successful house and garden tours in the nation.  For more information please visit Pasadena's Showcase House website.

I love visiting the Showcase House of Design each year not only to see the amazing transformation and vision of individual designers, but also to visit the shops and restaurant which is catered by Wolfgang Puck.  The shops have the most amazing selection of beautiful, hand made gifts - perfect for Mother's Day!  I always stop by Wick'd Bean Candle display and load up on my favorite scent - Champagne and Apricot. 

The Shops and Restaurant at Showcase hours are:

Tuesdays 9 am to 5 pm

Wednesdays through Friday 9 am to 9 pm

Saturdays and Sundays 9 am to 5 pm.

Closed on Mondays.

 

The Showcase House Entry Hours:

Tuesday, Saturday, Sunday - 9 am to 3:45 pm

Wednesday, Thursday, Friday - 9 am to 7:45 pm

Ticket times are scheduled on the quarter hour.

Closed on Mondays.

 

To order tickets, please call 714-442-3872 or visit www.pasadenashowcase.org

 

Ticket Prices are from $30.

 

READ MORE:  Pasadena Real Estate Guide

Do you have $52 Million to spare?  Extraordinary Pasadena luxury estate

http://www.pasadenacarealestatehomes.com/0096E1