From all indications, February was a good month for the Pasadena real estate market. Sales of single family homes were up 47% over this time last year. Homes going into escrow also increased by 26%. But is the news all rosey? Depends on your perspective. If you are selling your home all indications point to … Read more
The lady across the table was hoping to sell her house and have enough money left over to purchase a newer house in the area. She had owned her home for over 30 years and was hoping to find something smaller and easier to maintain. When she saw the recent values in the neighborhood she … Read more
Not a typical title you usually see associated with a website that reports on real estate and related issues. But then again, what if anything in the last few years has been normal or predictable? Reporting on housing market trends might not be the most exciting thing to many readers, so the challenge becomes how … Read more
Beginning this month I am going to change how the monthly sales results are reported for the Pasadena Real Estate market. Instead of just looking at median prices, we are now going to overlay the price per square foot for the same period. Anytime you hear how sales are being reported in the media the … Read more
Most media reports are stating that home sales declined in the month of August. What the media is not reporting is that it is not uncommon for home sales to dip in August. Compared on a month to month basis, a seasonality does exist in the reporting of home sales. People prepare for back to … Read more
I don’t think there should be any doubt left in the minds of local residents, the seasonal home selling season has returned. Little did we know or realize that it was going to be 3 years to the day when the market started to fall, or that it would correct itself 36 months later. It … Read more
Unit sales along with the median price make positive gains in May, continuing an upward trend in 2009. Predictability, which was absent in the Pasadena real estate market during the last two years appears to be making a return. Predictable that is, when the seasonal home buying months once again become the months of May … Read more