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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? [...]
We have been chronicling Pasadena home values and the monthly median prices on a frequent basis. Since it’s always nice to put a face to a voice, it is also more relevant to see some actual properties that have sold and the resulting impact on prices. Seeing actual examples in your neighborhood provides a more [...]
There has been much speculation about the housing market and its effect on the overall economy. Discussion centers around the real estate market and housing prices stabilizing along with increasing employment and job creation. The question is “When is this going to happen”?
Is the local Pasadena housing market better or worse than other real [...]
Homes in Pasadena under $450,000 have been taken off of the endangered residential act. The recent events in the economy and real estate market have greatly increased the number of homes for sale in this price point.
Several months ago it was almost impossible to find a home in Pasadena under $450,000. There were a few [...]
If the real estate industry had a radar screen a few of the key indicators would be the (1) days on market, (2) current inventory and (3) the median price. Used individually these barometers can provide an “at a glance” representation of today’s market. When used in graph context, they can sum up the symptoms [...]
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