Pasadena Home Sales Begin Early

Pasadena Home Buyers

From all indications, February was a good month for the Pasadena real estate market. Sales of single family homes were up 47% over this time last year. Homes going into escrow also increased by 26%. But is the news all rosey? Depends on your perspective. If you are selling your home all indications point to a sellers market. You may remember that term. It was used quite often between 2002-2006. It may come as a surprse to you that the term has resurfaced and is in vogue again. Many of us … [Read more...]

Pasadena Single Family – Unit Home Sales for the Last 5 Years

5 year Pasadena Single Family Sales History

The lady across the table was hoping to sell her house and have enough money left over to purchase a newer house in the area. She had owned her home for over 30 years and was hoping to find something smaller and easier to maintain. When she saw the recent values in the neighborhood she said "If that is all my house is worth, I'll just wait for a while until the market bounces back". I think what we have been seeing and experiencing with home prices and market activity defines the new normal. … [Read more...]

Squirrel!

Pasadena Single Family Sales/Inventory

Not a typical title you usually see associated with a website that reports on real estate and related issues. But then again, what if anything in the last few years has been normal or predictable? Reporting on housing market trends might not be the most exciting thing to many readers, so the challenge becomes how to get someone interested and capture their attention. How do you take data and make it interesting for the reader? Many of the most effective presentations I have seen tell a story … [Read more...]

Pasadena Home Sales for September

Pasadena Single Family - Price per Square Foot & Median Price

Beginning this month I am going to change how the monthly sales results are reported for the Pasadena Real Estate market. Instead of just looking at median prices, we are now going to overlay the price per square foot for the same period. Anytime you hear how sales are being reported in the media the focus is always on median prices. This year has been a very unusual year in the sense that sales of foreclosed homes in Pasadena have been a much bigger segment of the market. As a result the … [Read more...]

Pasadena Condominium Sales Rebound

Price per Square Foot - Single Family Homes in Pasadena Zip 91104

Most media reports are stating that home sales declined in the month of August. What the media is not reporting is that it is not uncommon for home sales to dip in August. Compared on a month to month basis, a seasonality does exist in the reporting of home sales. People prepare for back to school, vacations are taken and August is just plain hot. The bottom is not falling out of the housing market. Considering the fact that unit sales did decline from July to August, the flip side is the … [Read more...]