Our monthly recaps of the Pasadena Real Estate market are featured at Pasadena Now. I received a call this week from one of the reporter's inquiring why our sales figures for December were different than what was being reported by the California Association of Realtors and Dataquick. Sales Results as Reported The disparity seemed to occur in the median home price. When we report at up2date, we usually break out the sales of single family homes from the condo's and townhome's. We feel it … [Read more...]
Pasadena Says “AMF” (adios my friend) to 2007 Real Estate Market
January 8, 2008 By 1 Comment
The one good thing about the 2007 Pasadena Housing market... it's over! Home sales for the month of December went out with a whimper as there were only 37 Single Family units sold compared to 81 in December of 2006, a decline of 54%. Median prices however stabilized and held firm at $775,000. Pent up demand surfaced in December of 2006 and it was uncharacteristically a strong month for housing. It seems we had a late year end rally that continued into January and February of 2007. Then the … [Read more...]
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