Time to get out the crystal ball or the Ouija Board and make some sense of what is happening in the Pasadena Housing Market. Sales results for May indicate that fewer homes are being sold this year versus last, and down considerably when compared to May 2004. It is also taking longer to sell a home today than it did just 12 months ago. One thing I learned early in my career is that you can spin data in any number of ways to get a desired effect. When you look at fewer homes being sold and … [Read more...]

Interested in how your neighborhood is performing? Review all Residential Sales for the month of May. Sales are sorted by city, selling price, square footage, lot size and how many days they were on the market. Stay up2date on the Pasadena Housing market! … [Read more...]

Last week, I reported on the April sales numbers along with the inactivity we were seeing in certain area's and price ranges. These numbers appear to confirm my suspicions. The activity in the lower price points, namely $500,000 to $599,000 was very weak. There are more houses available for sale than there are buyers willing to purchase. "It was the best of times, it was the worst of times" The worst of times is an over dramatization, but it is illustrative of what is happening on the … [Read more...]

Sales results for the month of April indicate that residential units were down about 23% vs. April 2006. There were 99 units sold for April 2007 compared to 128 units sold for the same period last year. However, a closer look at sales by area indicates that Pasadena Real Estate is still doing quite well. Pasadena is broken down into four geographical area’s as follows: Of the four areas, the “Southeastâ€? seems to be doing the best with sales up 10% … [Read more...]

Check out the "Home Sales" tab in the title bar. There you will find a history of home sales within the Pasadena, Altadena & South Pasadena real estate markets. Not only will you find the latest information updated monthly, you can also go back as far as January 2004 and see what was happening in your neighborhood. The data lists sales price, square footage, days on market, beds/baths, lot size and cost per square foot. Most of the information is sorted by zip + 4, so you should be able to … [Read more...]