Pasadena Home Sales – A Three Year History

Up2date pasadena home sales

Used to be if you studied the real estate market at all, you could predict when the best time would be to sell your property. During the boom years of 2000 to 2005 the selling season would typically get started in April and run through September. This defined the true Seller's Market. Put your property up for sale and it was usually sold in 2-3 weeks, maybe for even more than the asking price. Buyer's understood that they could not make unreasonable demands on the seller, the house was being … [Read more...]

Median Home Price Declines in Pasadena

up2daterealestate November Condo/Townhome sales

Sales of single family homes in Pasadena, California continue to fall behind last year, but for the first time the median sales price declined to $725,000 in November down 4% from last years median price of $754,950. As stated before, we do see median price fluctuations in real estate from month to month, but we haven't seen median price declines in a year on year basis. Apparently this is the first in quite some time. Sales of Townhomes and Condominiums also fell behind last November in … [Read more...]

What Does Starbucks Have In Common With The Housing Market?

starbucks.jpg

Whatever is good for General Motors Starbucks, is good for the US economy. I cannot think of any US companies that have been able to build a brand that has become so ubiquitous. And in the manner in which they have done it. Think about it. When was the last time you saw a Starbucks ad or flier in the newspaper offering a discounted price on a cup of coffee to get you into the store? What if Target or Best Buy could generate increased store traffic week after week without those fancy … [Read more...]