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NE Pasadena’s Declining Home Values

February 3, 2009 By 2 Comments
Pasadena Duplex

We have been chronicling Pasadena home values and the monthly median prices on a frequent basis. Since it's always nice to put a face to a voice, it is also more relevant to see some actual properties that have sold and the resulting impact on prices. Seeing actual examples in your neighborhood provides a more profound realism to what you have been hearing and reading about. These examples are north of the 21 freeway and east of Marengo in what constitutes North East Pasadena. Pasadena Income … [Read more...]

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Pasadena Real Estate – up2date October Market Recap

November 16, 2008 By 1 Comment

"It was the best of times, it was the worst of times"...Charles Dickens The same can be said of the Pasadena real estate market. The market overall continues to pick up steam. We continue to see unit volume increases, indicating that buyers are returning to the market which is good news. On the flip side those buyers are opting for many of the foreclosures and bank owned properties in Pasadena. Unfortunately we can not confuse an increase in unit sales as being beneficial. Currently an … [Read more...]

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Pasadena & South Pasadena Real Estate Market Volatility

October 29, 2008 By 1 Comment

When the real estate markets begin to head south, why do some markets decline faster than others? Are their contributing factors that precipitate demand elasticity in some areas, while other neighborhoods appear to be more inelastic? Would this information be important to you if you were in the market to buy a new home, or is it not one of the factors most people consider when making a purchase? In real estate the old adage was to buy the least expensive home on the best street. Most home … [Read more...]

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Fix Real Estate, the Economy will Follow

October 15, 2008 By 7 Comments

The election is getting close. Both candidates are offering enticements in an attempt to out give the other and secure your vote. Too bad, none of the proposals presented actually address the issues going forward with respect to real estate. They only acknowledge what previously transpired, no solutions for ongoing future prosperity. The problem used to be the rising cost of gasoline. As we fill our tank and drive 70mph down the freeway, that issue is in the rear view mirror. The number one … [Read more...]

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