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Pasadena Homes March up2date Sales Report
 

Pasadena Homes March up2date Sales Report

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The Pasadena Residential Housing Market - March Sales Report is analyzed by units, median prices and category

The Pasadena Residential Housing Market - March Sales Report is analyzed by units, median prices and category

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    Pasadena Homes March up2date Sales Report Pasadena Homes March up2date Sales Report Presentation Transcript

    • up2date realestate.com up2date Real Estate Market Report for Pasadena -March 2009 Home Sales -Single Family -Townhomes & Condominiums -Housing Charts and Graphs -Analysis and Commentary
    • up2date realestate.com Pasadena – All Residential Units Median Price 2009 $475,000 2008 $588,750 This months number was % Change (19%) a big increase over last months median price of $435,000
    • up2date realestate.com Number of Homes Sold- All Residential 2009 98 units Good sign for March 2008 76 units % Change 28% Average Days on Market current days on market / cumulative days on market Selling times are 2009 75 / 118 beginning to come 2008 57 / 110 down % Change 31%
    • up2date realestate.com Pasadena – Single Family Units Median Price 2009 $567,500 2008 $660,000 Huge rebound from % Change (14%) last month’s number of $470,000
    • up2date realestate.com Number of Single Family Homes Sold 2009 58 units Increased unit activity ….. 2008 43 units % Change 35 % Average Days on Market current days on market / cumulative days on market 2009 51 / 93 Means fewer days 2008 62 / 146 on market % Change (17%)
    • up2date realestate.com Current Inventory of Single Family Homes Number Median Price Days/Mkt Active 346 $667,000 95 Contingent 104 $498,500 68 / 87 Pending 58 $577,800 76 / 100
    • up2date realestate.com Townhomes & Condominiums Median Price 2009 $362,900 2008 $470,000 Condo/Townhome prices finally held % Change (23%) steady month to month
    • up2date realestate.com Townhomes & Condominiums Number of Units Sold Almost 2.5 times the 2009 41 units February volume 2008 31 units % Change 32% Average Days on Market current days on market / cumulative days on market 2009 112 /154 2008 56 / 71 % Change 100%
    • up2date realestate.com Current Inventory of Townhomes & Condominiums Number Median Price Days/Mkt Active 266 $499,975 107 Contingent 40 $359,500 84 / 139 Pending 28 $423,000 97 / 107 Prices appear to be rising
    • up2date realestate.com Pasadena Annual Median Home Prices $725,000 $700,000 $675,000 2004 $650,000 2005 $625,000 2006 $600,000 2007 $575,000 2008 $550,000 2009 $525,000 $500,000 $475,000 Big February –March increase $450,000 $425,000 $400,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    • $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 Sep Oct Nov up2date Dec Pasadena Median Home Prices Jan Feb realestate.com Mar Apr May Jun Jul 2007 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2008 Sep Oct Nov Dec Jan Feb Mar
    • up2date realestate.com Pasadena Monthly Unit Home Sales 250 200 150 100 50 0 2004 2005 2006 2007 2008 2009
    • up2date realestate.com Analysis and Forecast • March was one of the most positive months we have seen in the last 1.5 years • Unit sales and median prices staged a big rally compared to February ’09 • Condo/Townhome units which have lagged behind Single Family showed big gains • Homes in escrow confirm that prices are on the rise • Selling times for all properties are decreasing Outlook - Sales numbers for April indicate early market increases - News reports out this week say Banks will begin the foreclosure process as grace periods and Govt programs have been announced