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If you have a property for sale and have been hopeful the market would begin to turnaround and show some signs of life, the March sales results will likely disappoint you. We have yet to see any sign that home buyers are returning to the market, choosing instead to wait and see if prices fall [...]
If the real estate market were on a fiscal year instead of a calendar year, the New Year would begin in March. With the onset of spring, the housing market has typically kicked into gear. We have recovered from the holidays, prioritized and set goals convincing ourselves that this year will be different. With the [...]
Used to be if you studied the real estate market at all, you could predict when the best time would be to sell your property. During the boom years of 2000 to 2005 the selling season would typically get started in April and run through September. This defined the true Seller’s Market. Put your property [...]
The one good thing about the 2007 Pasadena Housing market… it’s over!
Home sales for the month of December went out with a whimper as there were only 37 Single Family units sold compared to 81 in December of 2006, a decline of 54%. Median prices however stabilized and held firm at $775,000.
Pent up demand surfaced [...]
Sales of single family homes in Pasadena, California continue to fall behind last year, but for the first time the median sales price declined to $725,000 in November down 4% from last years median price of $754,950. As stated before, we do see median price fluctuations in real estate from month to month, but we [...]
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