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Buying or selling in pasadena

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Buying or Selling a home in Pasadena? Wondering about current home values? Arm yourself with the market facts so you will be better informed and know what to expect.

Buying or Selling a home in Pasadena? Wondering about current home values? Arm yourself with the market facts so you will be better informed and know what to expect.

Published in: Real Estate

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  • 1. Pasadena Home Sales1st Quarter 2013 - Single FamilyA look at sales, prices and recent activity
  • 2. How is the Market?• Are You Buying or Selling a Home?
  • 3. Low Interest Rates&Low InventoryIncreasing Demandmore buyers for fewer homesVSCurrent Conditions
  • 4. If You’re SellingYou Can Expect:• A Quick Sale• Higher Prices• Multiple Offers
  • 5. If You’re Buying.....Buying is More Difficult:• Low Inventory• Very High Competition• Possible Concessions
  • 6. Monthly Unit Sales - Single Family01836547290Jan Feb March8261537054502012 2013ConsistentMonthly UnitSales Increases
  • 7. Prices are IncreasingSteadyMonthly PriceIncreases vsLast Year
  • 8. 1st Quarter - Unit Sales+ 12%
  • 9. 1st Qtr Median PricesIncreased Demand &Low Interest Rates arehaving an impact onHome Prices
  • 10. What to Expect• Things are not likely to change for a while• Interest Rates are forecasted to remain low• Inventory is going to be tight• Distressed Property is not expected to hitthe market, banks are not foreclosing• Cash & Offers with high down payments willbe preferred• Fewer Short Sales and Higher Prices due tocompetition
  • 11. RE/MAX Property Concierge• Contact: Doug Willis• Broker• CA License # 01334541• Phone 626-432-4615

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