South Pasadena Home Sales June 2010

Over the last couple of weeks I have been commenting on home sales in Pasadena, noting that sales have begun to soften and market statistics have been reflective of what was happening on a national level. As is the case, the Pasadena housing market is not an indication of what is necessarily going on in [...]

Pasadena Home Prices Trend Higher

Pasadena home buyers continue to express optimism in our local real estate market as evidenced by the housing statistics for the month of April. While “SALES” and “PENDED” Single Family units were basically flat in April ‘10 vs April ‘09, there were other signs of encouraging news. The median price increased to $710,000 last month [...]

Where are Pasadena Condo & Townhome Prices Headed?

If your Pasadena home search has been somewhat frustrating trying to find that nice 3 bed, 2 bath traditional for under $600,000, you may want to take a second look at the condo and townhome market. These two markets although similar in
nature are also marked by sharp contrasts. According to the Pasadena home search, there [...]

REMAX in South Pasadena, Pasadena

The decision to join or affiliate yourself with a real estate company in Pasadena or South Pasadena offers many choices. We looked at several before we made the decision to join REMAX.
Not to say it was an easy decision, but when we considered the strength of the REMAX brand, their ongoing commitment to [...]

Housing Trifecta Returns to Pasadena

Pasadena home sales which have been on the decline for the last few years have apparently bottomed out and are beginning to show some positive signs. Unit sales for ‘09 were 1362 units compared to 1097 for 2008 and increase of 24%.
What Homes Were Selling?
The market also shifted in terms of price points and [...]

Pasadena on Parade

As the clock approaches midnight on New Years Eve, the media focus and the national attention will begin to gradually shift from New York’s Time Square to the City of Pasadena. As the television beams pictures of the cold and dreary east coast to the warm sunny skies in the west, local Pasadena residents can [...]

Short Sale Terms to Ease

As the number of homes entering foreclosure in Pasadena continues to increase, homeowners are looking for some relief in the process known as a short sale. A short sale occurs when the proceeds of the house are not enough to pay off the existing mortgage balance. This process allows the homeowner to sell the property [...]

Are Pasadena Home Prices Headed Higher?

Pasadena home prices which were in a nose dive for about 2 1/2 years are rebounding. For all intents and purposes, it appears the bottom was reached in January 2009 and we have been in recovery mode since then. With the high recorded in December of ‘06 at about $710,000 and then falling to $425,000 [...]

Delacey Place, Pasadena’s New Address of Elegance

Located just south of Old Town is Pasadena’s newest condominium development, Delacey Place. Delacey follows the construction trend of “mixed use” which combines commercial / retail office space on the first level followed by residential units on the upper floors. This concept was recently incorporated into Pasadena Place, Lake @ Walnut, The Dalton and [...]

The DOM, Housing’s Most Misunderstood and Abused Measurement

DOM or more commonly known as Days on Market is one measurement used in the housing market that is often misunderstood. The reason being is it is so easily and often manipulated. Many times the data supposedly represented actually provides false or misleading information. Its intention was to provide a quick indication of how [...]

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