Pasadena Homes For Sale
Pasadena real estate market Comparison Report (February 2009 vs. February 2010)
We analyze several housing market indicators in order to present an in-depth breakdown of Pasadena Real Estate Market comparing February 2009 to February 2010.
Summary of Key Points
Pasadena Real Estate did not show signs of improvement with median sales price dropping and sellers receiving 98 % of asking price. The units sold number may not be a definitive indicator due to the low volume of units involved.
Key Statistics, Pasadena, CA: Median Sales Price (16.13%), Median Days on Market (205.08%), and Number of Units Sold (17.50%), Sales Price to List Price Ratio (Feb 09 97% – Feb 10 98%)
Pasadena Real Estate
The city of Pasadena experienced a 16.13% increase in median sales price from last year going down from $559,960 (Feb. 09) to $650,8288 (Feb. 2010). Median days on market data for Pasadena show that houses are selling slower than Feb 09. It took 34 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 102 days (a205.08% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 40 units were sold compared to 47 for Feb 10 (17.50% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Pasadena. SP/LP ratio for Feb 09 was 97% compared to 98% for Feb 10.
Let’s take a brief look at neighbors South Pasadena and Whittier. South Pasadena Real Estate featured a 29.45% decrease in median sales price ($975,000 Feb 09 – $687,833 Feb 10) and Whittier Real Estate saw a 1.82% decrease ($346,082 Feb 09 – $339,787 Feb 10). Are houses in Pasadena and Whittier selling faster or slower this year? Well, South Pasadena experienced a 7.96% increase (67 to 72 days) in median days on market and Whittier saw a 12.36% increase (48 to 54 days). In the units sold category, Pasadena sold 4 units more (200%) in Feb 2010 than 09 and Whittier sold 2 units more (2.38%) in Feb 2010 than Feb 09.
Consult latest research and find Homes in all major cities in California including Pasadena Real Estate, South Pasadena Real Estate, Whittier Real Estate.
You can also access Pasadena Real Estate for viewing the latest market inventory
- Homes for sale for MLS Search,
- Bank REO / Short Sale Search
- Foreclosure Search ( Outside MLS)
- Just Listed Properties
- Income Properties (1-4 units)
- Condo searches
- New Construction Homes
In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.
About the Author
HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.
Access the PreQual Affordability Mortgage Calculator now.
How do I view a complete list of homes for sale in Pasadena,CA (MLS) without having to use a real estate agent
I am interested in a small single family home or a lot with two homes in southern Pasedena where I can walk to Cal.Poly Tech.,walk to downtown,and walk to my daughter and son in law’s.I am especially interested in an estate or forclosure since I don’t have much income(for mortage payment).
You can try real estate sites such as www.coldwellbanker.com or Yahoo Real Estate just to name a few.
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