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up2date Real Estate Market Report for Pasadena
-April 2009 Home Sales
-Single Family
-Townhomes & Condominiums
-Housing Charts and Graphs
-Analysis Commentary

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Pasadena – All Residential Units
Median Price
2009 $462,500
2008 $612,000
Overall median home
% Change (24%) prices held steady
compared to March

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Number of Homes Sold- All Residential
2009 98 units
Unit sales mirrored
2008 96 units March indicating
some stability
% Change 2%
Average Days on Market
current days on market / cumulative days on market
2009 74 / 150 Days on market is
misleading as many
2008 65 / 86
properties are selling
% Change 14% quickly

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Pasadena – Single Family Units
Median Price
2009 $533,000
2008 $675,000
Overall price of
% Change (21%)
Single Family
dropped $30K from
March

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Number of Single Family Homes Sold
2009 66 units
Unit sales are still
2008 57 units building momentum
% Change 16 %
Average Days on Market
current days on market / cumulative days on market
2009 71 / 103
2008 74 / 95
% Change (4%)

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Current Inventory of Single Family Homes
Number Median Price Days/Mkt
Active 347 $749,000 100 / 158
Contingent 58 $649,250 79 / 164
Pending 116 $477,000 76 / 128

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Townhomes & Condominiums
Median Price
2009 $380,000
2008 $435,250
Up $18,000 from
% Change (13%) March

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Townhomes & Condominiums
Number of Units Sold
Fewer units sold in
2009 33 units April. March sales
2008 39 units were 41 units
% Change (15%)
Average Days on Market
current days on market / cumulative days on market
2009 79 /240
2008 51 / 73
% Change 55 %

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Current Inventory of Townhomes & Condominiums
Number Median Price Days/Mkt
Active 220 $521,800 104 / 34
Contingent 43 $425,000 81 / 136
Pending 53 $419,900 93 / 189
Good evidence that
Condo prices are
now stabilizing

$425,000
$475,000
$525,000
$575,000
$625,000
$675,000
$725,000
$775,000
Jan
Feb
Mar
Apr
May
Jun
Jul
2004
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
2005
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
2006
Aug
Pasadena Median Home Prices
Sep
Oct
Nov
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Dec
Jan
Feb
Mar
realestate.com
Apr
May
Jun
Jul
2007
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
2008
Oct
Nov
Dec
Jan
Feb
Mar
Apr

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Pasadena Annual Median Home Prices
$725,000
$700,000
$675,000
$650,000
2004
$625,000
2005
$600,000
2006
$575,000
2007
$550,000 2008
$525,000 2009
$500,000
$475,000
$450,000
$425,000
$400,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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Pasadena Monthly Unit Home Sales
250
200
150
100
50
0
2004 2005 2006 2007 2008 2009

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• Analysis and Forecasts
• The normal spike in home sales between March and April was experienced
one month early from February to March
• There was very little difference between March and April „09. The best thing
you can say is that activity stayed constant.
• The number of pending home sales is at one of the highest levels in the last
couple of years as many of the properties in escrow have moved from the
tentative “back up” stage into the “pending‟ category, signaling the intent to
close escrow
• Pending home prices indicate the median price will again be holding steady
for the month of May