Pasadena July 2009 Home SalesSingle FamilyTownhomes & CondominiumsHousing Charts and GraphsAnalysis Commentaryup2daterealestate.com

Pasadena July 2009 Home Sales

Single Family

Townhomes & Condominiums

Housing Charts and Graphs

Analysis Commentary

up2daterealestate.comPasadena – All Residential UnitsMedian Price2009 $516,8002008 $557,000% Change (7.2%)The continuing decline in Pasadena real estate prices will end in August

up2daterealestate.comNumber 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

up2daterealestate.comPasadena – Single Family HomesMedian Price2009 $599,0002008 $633,670% Change (5.5%)Prices are showing stability as the June price was $604.0

up2daterealestate.comNumber 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

up2daterealestate.comCurrent Inventory of Single Family Homes Number Median Price Days/MktActive 294$749,000115 / 99Contingent 71$649,900 90 / 84Pending 96$470,00076 / 56

up2dateTownhomes & Condominiums Median Price 2009 $430,000 2008 $470,500 % Change (9%)realestate.comCondominium market is still trending toward lower priced units

up2dateTownhomes & Condominiumsrealestate.comNumber 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

up2daterealestate.comCurrent Inventory of Townhomes & Condominiums Number Median Price Days/MktActive 226$517,00099 / 84Contingent 34$426,500113 / 137Pending 49$428,00078/ 40Expected price levels for August look to continue price trend

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up2daterealestate.comAnalysis and ForecastHomes sales in July were at the strongest levels we have seen in three yearsLook for the momentum to maintain this pace as the number of homes in escrow appear to duplicate the July sales numbersPricing 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 monthsSingle 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