The earlier post this week looked at the annual performance of South Pasadena real estate prices and to what degree did the market change in 2008 compared to 2007. The results were somewhat surprising considering the current market and economic conditions. The data indicated the median price of a single family home actually increased in 2008. After looking at prices then we have to look at the other variable which was the number of houses that were sold. The number of closed transactions … [Read more...]
South Pasadena Real Estate Year in Review
January 23, 2008 By Leave a Comment
Many residents in this town used to think that their community was immune to the ups and downs associated with the real estate market. With its small town feel, its idyllic neighborhoods and the much sought after and highly desired public schools, South Pasadena was insulated from the tightening credit markets and an ever increasing supply of homes for sale. These are issues that appear in the news media, in and around other area's of Southern California. Not in South Pasadena. Small Number … [Read more...]
October Real Estate Values in South Pasadena Remain Level
November 12, 2007 By 1 Comment
Even the South Pasadena Housing Market cannot escape the cloud that hangs over residential real estate. Sales for the month of October included 12 residential units compared to 11 last year. Since the small number of reported sales can skew the median price, we looked at what has happened over the last 5 months and prices seem to be flat. However under the current market conditions, sale prices that remain level with last year seem to be a positive sign. To see a list of the homes that were … [Read more...]
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