It was said many years ago people could look at the position of the sun and tell the time of day. Pasadena real estate is no different. Just look at the poor performance of home sales and it must be November. Traditional sales of Pasadena homes in the past have resembled more of a bell curve, low on both the right and left ends, (January & December) but higher in the middle (May - August), indicating a seasonality to home sales. But then again we haven't seen traditional for about two … [Read more...]
Pasadena Real Estate Report for July
August 13, 2008 By 6 Comments
Hopefully Pasadena residents have inflated their tires and tuned their cars. If only we could put some air into the Pasadena housing market. As anticipated, the gap between unit sales closed this past month, closely mirroring unit sales in July 2007. If you recall from a previous post regarding Pasadena Upcoming Home Sales, I expected the market to reach equilibrium. The reason is that unit sales indicated a downturn last year, not because we experienced increased activity this year. However … [Read more...]
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