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Beginning this month I am going to change how the monthly sales results are reported for the Pasadena Real Estate market. Instead of just looking at median prices, we are now going to overlay the price per square foot for the same period.nytime you hear how sales are being reported in the media the focus [...]
Most media reports are stating that home sales declined in the month of August. What the media is not reporting is that it is not uncommon for home sales to dip in August. Compared on a month to month basis, a seasonality does exist in the reporting of home sales. People prepare for back to [...]
I don’t think there should be any doubt left in the minds of local residents, the seasonal home selling season has returned. Little did we know or realize that it was going to be 3 years to the day when the market started to fall, or that it would correct itself 36 months later.
It was [...]
Unit sales along with the median price make positive gains in May, continuing an upward trend in 2009.
Predictability, which was absent in the Pasadena real estate market during the last two years appears to be making a return. Predictable that is, when the seasonal home buying months once again become the months of May thru [...]
What if you walked into the department store and found everything on sale, only to find you not in the mood to buy anything. Now apply that to the Pasadena housing market. Many properties for sale have reduced their price at least once, in effect putting themselves on sale. What happens if no one buys? [...]
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