Pasadena & South Pasadena Real Estate » South Pasadena homes for sale http://up2daterealestate.com Your Home Is Our Business Sat, 04 Feb 2012 21:38:40 +0000 en hourly 1 South Pasadena Real Estate – 3rd Quarter up2date Report http://up2daterealestate.com/2008/10/17/south-pasadena-real-estate-3rd-quarter-up2date-report/ http://up2daterealestate.com/2008/10/17/south-pasadena-real-estate-3rd-quarter-up2date-report/#comments Fri, 17 Oct 2008 23:48:34 +0000 Doug Willis http://www.up2daterealestate.com/2008/10/17/south-pasadena-real-estate-3rd-quarter-up2date-report/ The South Pasadena Real Estate market seems to be unfazed by what is happening on the national and local levels. There are a few of the tell tale signs that exhibit some of the trends we see in other areas. Trends such as a reduction in the umber of units sold and an increase in the number of days it is taking to sell a property. These two bellwethers are standard issue in most residential markets across the country. In most cases these two indices are tracking behind last year. These two indicators will usually point to a housing market that has lost value.

But what is uncommon in South Pasadena is the consistency of the median price and how there seems to be very little deviation. South Pasadena is the antithesis of the current real state market. If only we could apply that to the latest market report for Pasadena homes.

The highlights of the market recap included:

  1. All Residential – a median price decline of (2.6%) (single family, townhomes & condominiums)
  2. Single family prices were + 1%, and
  3. Townhomes & Condo’s median prices were off (6%), which is considered minor due to the softness this category is experiencing

Enclosed is the full report:

South Pasadena Home Sales Report Jan – September
View SlideShare presentation or Upload your own. (tags: south pasadena)

South Pasadena CA Real Estate Market Reports

CA South Pasadena Market Report for May – July

South Pasadena Homes 1st Quarter Market Report

South Pasadena Real Estate Free Market Reports

]]> http://up2daterealestate.com/2008/10/17/south-pasadena-real-estate-3rd-quarter-up2date-report/feed/ 3 South Pasadena Real Estate 1st Quarter Sales Results http://up2daterealestate.com/2008/04/24/south-pasadena-real-estate-1st-quarter-sales-results/ http://up2daterealestate.com/2008/04/24/south-pasadena-real-estate-1st-quarter-sales-results/#comments Fri, 25 Apr 2008 00:00:35 +0000 Doug Willis http://www.up2daterealestate.com/2008/04/24/south-pasadena-real-estate-1st-quarter-sales-results/ South Pasadena’s once hyperactive real estate market is experiencing the same anemic sales results as Pasadena and Altadena. The western edge of the San Gabriel Valley supports the latest trends in residential real estate with unit sales down 50%, and a median price decline of about 6%.

South Pasadena Housing Stats

South Pasadena real estate sales results do indicate that homes are selling closer to their asking prices and are selling in less time, a couple of key indicators to the overall strength of the market.

South Pasadena Homes for Sale

So Pas Altos
chart from Altos Research LLC, Copyright 2007

In terms of houses for sale, South Pasadena currently has 64 homes that are either for sale or in the escrow process, close to 8 months of supply. Eight homes sold in the month of March ’08.

South Pasadena Foreclosures

South pasadena foreclosure
chart from Foreclosureradar.com, copyright 2008

Currently 20 properties are in the foreclosure process, indicating that no matter how desirable the area or school system may be, loan defaults are widespread given these economic times. If you would like a list of South Pasadena properties in foreclosure, email me.

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