If you have followed our posts on the Pasadena housing market, then you are well aware that sales of townhomes and condominiums have been lagging behind that of single family residences. As the price of a single family home declines, homebuyers are deciding there is more value in a private residence that offers a 5000 to 7500 sq ft lot, than in a brand new condominium or townhome that offers communal living and usually a minimum of a $300/month homeowner association fee. However, it all depends … [Read more...]