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 Annual Report
January 7, 2009 By 3 Comments
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...]
Do Pasadena Schools Negatively Influence Pasadena Home Prices?
November 3, 2008 By 4 Comments
Public school systems....a polarizing issue when buying a house, kind of like a swimming pool. Either you love it or you hate it, a "must have" or a "could care less". In the Pasadena area, the San Marino school system is one of the best if not the best in the state of California. The South Pasadena school system enjoys an excellent reputation as well. Unfortunately the Pasadena public schools have not been on the list of the most highly sought after school districts. Given the choice would … [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...]
South Pasadena Real Estate – 3rd Quarter up2date Report
October 17, 2008 By 3 Comments
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 … [Read more...]
What You Have To Say