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

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Pasadena Homes July '09 Analysis

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

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