Buying or Selling a home in Pasadena? Wondering about current home values? Arm yourself with the market facts so you will be better informed and know what to expect.

1. Pasadena Home Sales
1st Quarter 2013 - Single Family
A look at sales, prices and recent activity

2. How is the Market?
• Are You Buying or Selling a Home?

3. Low Interest Rates
&
Low Inventory
Increasing Demand
more buyers for fewer homes
VS
Current Conditions

4. If You’re Selling
You Can Expect:
• A Quick Sale
• Higher Prices
• Multiple Offers

5. If You’re Buying.....
Buying is More Difficult:
• Low Inventory
• Very High Competition
• Possible Concessions

6. Monthly Unit Sales - Single Family
0
18
36
54
72
90
Jan Feb March
82
61
53
70
54
50
2012 2013
Consistent
Monthly Unit
Sales Increases

7. Prices are Increasing
Steady
Monthly Price
Increases vs
Last Year

8. 1st Quarter - Unit Sales
+ 12%

9. 1st Qtr Median Prices
Increased Demand &
Low Interest Rates are
having an impact on
Home Prices

10. What to Expect
• Things are not likely to change for a while
• Interest Rates are forecasted to remain low
• Inventory is going to be tight
• Distressed Property is not expected to hit
the market, banks are not foreclosing
• Cash & Offers with high down payments will
be preferred
• Fewer Short Sales and Higher Prices due to
competition

11. RE/MAX Property Concierge
• Contact: Doug Willis
• Broker
• CA License # 01334541
• Phone 626-432-4615