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Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
Pasadena Home August Home Sales
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Pasadena Home August Home Sales

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A recap of the Pasadena, CA real estate market with analysis and commentary

A recap of the Pasadena, CA real estate market with analysis and commentary

Published in: Business, Real Estate
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  • 1. <ul><li>Pasadena August2009 Home Sales
  • 2. Single Family
  • 3. Townhomes & Condominiums
  • 4. Housing Charts and Graphs
  • 5. Analysis Commentary</li></ul>up2date<br />realestate.com<br />
  • 6. up2date<br />realestate.com<br />Pasadena – All Residential Units<br />Median Price<br />2009 $570,000<br />2008 $572,500<br />% Change (-)<br />Home prices continue to show monthly gains bouncing off of their January 2009 lows<br />
  • 7. up2date<br />realestate.com<br />Number of Homes Sold- All Residential<br /> 2009 123 units<br /> 2008 108units<br /> % Change 14%<br />Average Days on Market<br /> current days on market / cumulative days on market<br /> 2009 73 / 71<br /> 2008 74/ 144<br /> % Change -%<br />
  • 8. up2date<br />realestate.com<br />Pasadena – Single Family Units<br />Median Price<br />2009 $640,000<br />2008 $650,000<br />% Change (1.5%)<br />
  • 9. up2date<br />realestate.com<br />Number of Single Family Homes Sold<br /> 2009 83 units<br /> 2008 70units<br /> % Change 18%<br />Average Days on Market<br /> current days on market / cumulative days on market<br /> 2009 73 / 73<br /> 2008 79/ 104<br /> % Change ( 7.5 %)<br />
  • 10. up2date<br />realestate.com<br />Current Inventory of Single Family Homes <br /> Number Median Price Days/Mkt<br />Active 288 $757,500 110 / 100<br />Contingent 62$569,000 117/ 94<br />Pending 78$459,45085/ 51<br />
  • 11. up2date<br />Townhomes & Condominiums<br /> Median Price<br /> 2009 $465,000<br /> 2008 $451,200<br /> % Change 3 %<br />realestate.com<br />Big jump in Condo sales prices as higher priced units are finally beginning to sell<br />
  • 12. up2date<br />Townhomes & Condominiums<br />realestate.com<br />Number of Units Sold<br /> 2009 40units<br /> 2008 39 units<br /> % Change 2.5 %<br />Average Days on Market <br />current days on market / cumulative days on market<br /> 2009 77/ 73<br /> 2008 72/ 208<br /> % Change 7%<br />
  • 13. up2date<br />realestate.com<br />Current Inventory of Townhomes & Condominiums<br /> Number Median Price Days/Mkt<br />Active 204$539,500102 / 92<br />Contingent 33$379,900122 / 95<br />Pending 69$429,00061/ 36<br />
  • 14. up2date<br />realestate.com<br />
  • 15. up2date<br />realestate.com<br />
  • 16. up2date<br />realestate.com<br />
  • 17. up2date<br />realestate.com<br />Analysis and Forecasts<br />Homes sales in August (units) fell from their highs in July. However that is not uncommon as the summer selling season takes a break<br />As predicted, the median price finally stabilized on a 12 month period (August 09 vs August 08)<br />Monthly inventory supply is about 5 months on single family and about 7.5 months on townhomes and condominiums<br />There are still large numbers of homes (single family & condos) in escrow. Look for inventory to fall further in the next couple of months.<br />Congress is considering expanding or reinstating the first time homebuyer credit of $8000 set to expire in November<br />It also appears that interest rates will remain at very desirable levels at least through the first quarter of 2010.<br />Charts do not reflect merged data from MRMLS into I-Tech)<br />

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