Pasadena & South Pasadena Real Estate
Your Home Is Our Business
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 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 … [Read more...]
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...]
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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