What if you walked into the department store and found everything on sale, only to find you not in the mood to buy anything. Now apply that to the Pasadena housing market. Many properties for sale have reduced their price at least once, in effect putting themselves on sale. What happens if no one buys? Maybe after awhile it's marked down again until finally someone buys it or it's taken off of the market. This is the dilemma many home sellers find them self in. The federal government has … [Read more...]
NE Pasadena’s Declining Home Values
February 3, 2009 By 2 Comments
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...]
Pasadena Homes Sold vs. Homes in Foreclosure
January 26, 2009 By Leave a Comment
There has been much speculation about the housing market and its effect on the overall economy. Discussion centers around the real estate market and housing prices stabilizing along with increasing employment and job creation. The question is "When is this going to happen"? Is the local Pasadena housing market better or worse than other real estate markets across the country? The factors that must be considered are the number of homes that sell compared to the number of homes that enter the … [Read more...]
Homes In Pasadena Under $450,000
January 23, 2009 By Leave a Comment
Homes in Pasadena under $450,000 have been taken off of the endangered residential act. The recent events in the economy and real estate market have greatly increased the number of homes for sale in this price point. Several months ago it was almost impossible to find a home in Pasadena under $450,000. There were a few out there, some with 500 square feet or maybe a lot size of 3000 sq ft. If your budget was under a half million dollars a condo or townhome could have been your only … [Read more...]
Pasadena Listings Reflect Post Holiday Slowdown
January 20, 2009 By Leave a Comment
If the real estate industry had a radar screen a few of the key indicators would be the (1) days on market, (2) current inventory and (3) the median price. Used individually these barometers can provide an "at a glance" representation of today's market. When used in graph context, they can sum up the symptoms of the market, whether it be a buyers or sellers. They can either portray a bright sunny day or let you know that storm clouds are looming on the horizon. Pasadena Median Price and Days on … [Read more...]
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