Pasadena Homes April09 Sales Report
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Graphs, analysis and summary of the Pasadena Residential real estate market sales results for April 2009
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Pasadena Homes April09 Sales Report
- 1. up2date realestate.com up2date Real Estate Market Report for Pasadena -April 2009 Home Sales -Single Family -Townhomes & Condominiums -Housing Charts and Graphs -Analysis Commentary
- 2. up2date realestate.com Pasadena – All Residential Units Median Price 2009 $462,500 2008 $612,000 Overall median home % Change (24%) prices held steady compared to March
- 3. up2date realestate.com 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
- 4. up2date realestate.com Pasadena – Single Family Units Median Price 2009 $533,000 2008 $675,000 Overall price of % Change (21%) Single Family dropped $30K from March
- 5. up2date realestate.com 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%)
- 6. up2date realestate.com 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
- 7. up2date realestate.com Townhomes & Condominiums Median Price 2009 $380,000 2008 $435,250 Up $18,000 from % Change (13%) March
- 8. up2date realestate.com 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 %
- 9. up2date realestate.com 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
- 10. $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 up2date 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
- 11. up2date realestate.com 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
- 12. up2date realestate.com Pasadena Monthly Unit Home Sales 250 200 150 100 50 0 2004 2005 2006 2007 2008 2009
- 13. up2date realestate.com • 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