Pasadena Homes July '09 Analysis
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Pasadena Homes July '09 Analysis

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Pasadena CA home sales for the month of July including historical charts and graphs along with commentary and analysis

Pasadena CA home sales for the month of July including historical charts and graphs along with commentary and analysis

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Pasadena Homes July '09 Analysis Pasadena Homes July '09 Analysis Presentation Transcript

    • Pasadena July 2009 Home Sales
    • Single Family
    • Townhomes & Condominiums
    • Housing Charts and Graphs
    • Analysis Commentary
    up2date
    realestate.com
  • up2date
    realestate.com
    Pasadena – All Residential Units
    Median Price
    2009 $516,800
    2008 $557,000
    % Change (7.2%)
    The continuing decline in Pasadena real estate prices will end in August
  • up2date
    realestate.com
    Number of Homes Sold- All Residential
    2009 148 units
    2008 117units
    % Change 26%
    Average Days on Market
    current days on market / cumulative days on market
    2009 79/ 68
    2008 54/ 75
    % Change 46%
    July unit sales exceed previous July levels in ‘06, ‘07 & ‘08
  • up2date
    realestate.com
    Pasadena – Single Family Homes
    Median Price
    2009 $599,000
    2008 $633,670
    % Change (5.5%)
    Prices are showing stability as the June price was $604.0
  • up2date
    realestate.com
    Number of Single Family Homes Sold
    2009 104units
    2008 79units
    % Change 32 %
    Average Days on Market
    current days on market / cumulative days on market
    2009 74 / 64
    2008 46 / 74
    % Change 60 %
    Sales of Single Family homes continue to show strong gains over last year
  • up2date
    realestate.com
    Current Inventory of Single Family Homes
    Number Median Price Days/Mkt
    Active 294$749,000115 / 99
    Contingent 71$649,900 90 / 84
    Pending 96$470,00076 / 56
  • up2date
    Townhomes & Condominiums
    Median Price
    2009 $430,000
    2008 $470,500
    % Change (9%)
    realestate.com
    Condominium market is still trending toward lower priced units
  • up2date
    Townhomes & Condominiums
    realestate.com
    Number of Units Sold
    2009 49units
    2008 40units
    % Change 23%
    Average Days on Market
    current days on market / cumulative days on market
    2009 88/ 76
    2008 72/ 78
    % Change 22%
    Another strong month in terms of unit sales
  • up2date
    realestate.com
    Current Inventory of Townhomes & Condominiums
    Number Median Price Days/Mkt
    Active 226$517,00099 / 84
    Contingent 34$426,500113 / 137
    Pending 49$428,00078/ 40
    Expected price levels for August look to continue price trend
  • up2date
    realestate.com
  • up2date
    realestate.com
  • up2date
    realestate.com
  • up2date
    realestate.com
    Analysis and Forecast
    Homes sales in July were at the strongest levels we have seen in three years
    Look for the momentum to maintain this pace as the number of homes in escrow appear to duplicate the July sales numbers
    Pricing of Townhomes and Condominiums still appears to be soft due to a inventory supply of 6.3 months compared to a single family inventory of 4.4 months
    Single family homes are selling at an average of 91% of their original listing price, while condominiums and townhomes are achieving 92%
    Averaging selling times (days on market) are declining. About 33% of the homes sold in July were sold in less than 35 days, indicating strong buyer activity