Pasadena Townhomes & Condominiums Maintain Momentum - 08/09/07 01:08 PM

July was a strange month for Pasadena real estate. The reason....Sales of townhomes and condominiums outpaced sales of single family homes. Rarely does this occur.
The market for townhomes and condominiums continues to prosper as new construction offers Buyers either the amenities or lifestyle they cannot find in a comparably priced home.
The median price of a townhome/condo was $575,000 compared to $850,000 for a single family. As recently reported, there is a weakness in the market for single family homes priced below $625,000, however this market represents 70% of all the condo/townhomes sold in Pasadena for the month of July.
In other … (1 comments)

Pasadena Housing Market Reflects Industry's Woes - 08/07/07 10:54 PM

The Pasadena Housing Market appears to be confused. The sales numbers for July reflect volume typically seen in January and February, not what you would expect for the height of what is supposed to be the home selling season. Unit sales of Single Family Homes were off almost 50% compared to last July.
The median price shows an increase over last year, which I feel is attributable to what is taking place in the market. The housing market for homes priced $700,000 and above is strong and Pasadena real estate is no exception.
The weakness as we have seen in the past … (1 comments)

South Pasadena Housing Market - July Recap - 08/06/07 10:00 PM
The South Pasadena Housing Market bounced back from its dismal showing in June to a more moderate pace. Last year the market took it's dip in July, as opposed to this year in June. This is why its good to look at a minimum three month reporting cycle, so that the monthly volume swings have an opportunity to correct themselves.
Overall, there are fewer homes being sold in ‘07 as opposed to ‘06. This appears to be a fact, no matter which area you are in. However the South Pasadena market has been very resilient to some of the changes going on … (0 comments)

 

Doug Willis

Pasadena, CA

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RE/MAX Property Concierge

Address: 266 Monterey Rd., Suite B, South Pasadena, CA, 91030

Office Phone: (626) 432-4615

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Primarily focused on the Pasadena, Altadena and South Pasadena Real Estate markets with sales history by area as far back as 2005


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