Pasadena Homes June09 Aalysis
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Pasadena Homes June09 Aalysis

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A continuing monthly recap of residentail home sales in the City of Pasadena, CA

A continuing monthly recap of residentail home sales in the City of Pasadena, CA

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    Pasadena Homes June09 Aalysis Pasadena Homes June09 Aalysis Presentation Transcript

      • Pasadena June 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 $505,000
      2008 $599,000
      % Change (15.6%)
      Very little change in the Median Price compared to May
    • up2date
      realestate.com
      Number of Homes Sold- All Residential
      2009 135 units
      2008 93 units
      % Change 45%
      Average Days on Market
      current days on market / cumulative days on market
      2009 93/ 177
      2008 69 / 183
      % Change 34%
      Big change this month was in unit volume
    • up2date
      realestate.com
      Pasadena – Single Family Units
      Median Price
      2009 $604,000
      2008 $662,500
      % Change (9%)
      Last months Median Price was $555,000, a 9% increase
    • up2date
      realestate.com
      Number of Single Family Homes Sold
      2009 88 units
      2008 62 units
      % Change 42 %
      Average Days on Market
      current days on market / cumulative days on market
      2009 73 / 159
      2008 66 / 144
      % Change 10 %
      Sales of Single Family homes continue to show monthly unit gains
    • up2date
      realestate.com
      Current Inventory of Single Family Homes
      Number Median Price Days/Mkt
      Active 302 $749,500 110 / 102
      Contingent 74$620,000 85 / 76
      Pending 96$520,45079 / 69
    • up2date
      Townhomes & Condominiums
      Median Price
      2009 $431,000
      2008 $475,000
      % Change (9%)
      realestate.com
      A $53K increase vs last month
    • up2date
      Townhomes & Condominiums
      realestate.com
      Number of Units Sold
      2009 55 units
      2008 35 units
      % Change 57%
      Average Days on Market
      current days on market / cumulative days on market
      2009 119 / 186
      2008 69 / 227
      % Change 72%
      A 60% increase over last month
    • up2date
      realestate.com
      Current Inventory of Townhomes & Condominiums
      Number Median Price Days/Mkt
      Active 215$523,600 100 / 92
      Contingent 50$449,500 100 / 122
      Pending 43$425,000 80 / 41
      Prices are trending higher
    • up2date
      realestate.com
    • up2date
      realestate.com
    • up2date
      realestate.com
    • up2date
      realestate.com
      Analysis and Forecasts
      June appears to be the month that the housing market solidified the turnaround we have been seeing for the last few months
      Unit sales increased in single family homes and also the townhome/condominium market which had been in a slump
      Although the overall median price was very consistent with last months we saw more sales of higher priced single family homes
      Housing inventories have adjusted to between 5.25 and 5.5 months supply
      Homes in escrow are at very high levels as well, however slightly less that what was indicated at the end of May