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Attention K-Mart Shoppers

Looking to possibly pick up a bargain? A new tactic in selling properties in foreclosure is to have an auction. Sell them all at once instead of selectively one at a time. There will be an auction this Saturday May 19, in Los Angeles by a company known as Real Estate Disposition Corporation They just had an auction in San Diego this past Saturday and will also be having another one in Riverside on May 20. A quick look at the website indicated three properties in Pasadena. Click the link for all of the details. … [Continue reading...]

Focus on the Agent, Not the Company

building

Real estate is a service industry, a people business. When your in the market for real estate services do you look for a brand or an individual? First of all, almost everyone has a family member or friend in the business, so lets exclude those people. However, if we do that then the story ends here, since so many people in California have a real estate license. That reminds me of a joke " A California Highway Patrol officer pulls over a man for speeding and asks to see his California Real Estate License. The man responds, "don't you mean my drivers license"?, to which the patrol officer states … [Continue reading...]

April Sales Results Now Available

Research "sold" transactions in Pasadena, South Pasadena & Altadena. You can review home sales in each area by visiting the "Home Sales" tab just below our Up2date logo. Find out the latest trends in your area. Are prices going up or down, and how long or houses staying on the market before they sell? Keep Up2date with everything real estate. … [Continue reading...]

Up2date article featured at LA Times Online

A recent article that I wrote on the Pasadea Housing Market was featured at L.A. Land Blog by Peter Viles. Peter's blog is featured at latimes.com … [Continue reading...]

A Closer Look at the Pasadena Housing Market

spyglass

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 other side of the coin. If you have a house valued in excess of $1,000,000, then the market is … [Continue reading...]

The Pasadena Real Estate Market…..a mixed bag

April Sales

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% over last year. Two other regions, the “Northeast and Southwestâ€? are showing … [Continue reading...]

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Pasadena “Short Sale” Guide


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Owe more on your home than it is worth
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