If only the Southern California real estate market were as resilient as South Pasadena. As someone once said "If if's and buts' were cherries and nuts, we would all have a Merry Christmas". That being said, the South Pasadena real estate market turned in an excellent performance in 2008 compared to Pasadena, Altadena, and Los Angeles. I could go on and on. The median price of a South Pasadena property including single family, townhomes and condo's declined a measly 5% from $815,000 in 2007 to … [Read more...]
Pasadena & South Pasadena Real Estate Market Volatility
October 29, 2008 By 1 Comment
When the real estate markets begin to head south, why do some markets decline faster than others? Are their contributing factors that precipitate demand elasticity in some areas, while other neighborhoods appear to be more inelastic? Would this information be important to you if you were in the market to buy a new home, or is it not one of the factors most people consider when making a purchase? In real estate the old adage was to buy the least expensive home on the best street. Most home … [Read more...]
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