Pasadena Real Estate Views

San Marino Real Estate Housing Market Report - May 2008 to July 2008

2008-08-19T10:38:26Z

San Marino California real estate market is still seeing multiple offers.

San Marino's real estate activity has been holding steady in the month of August. We actuallly saw an increase in the number of San Marino homes that opened escrow, from 8 in June to 13 in July.

The number of homes on the market in July remained at 41 with 14 new San Marino listings coming on the market.

Looking at the 12 San Marino homes that actually closed escrow in July, the sales price to listing price ratio is pretty close - 98.23% - meaning that most homes sold close to asking price. Interestingly enough, we're still seeing multiple offers in San Marino. Three of the 12 homes sold OVER asking:

Address	Asking Price	Selling Price	$/Sq.Ft.	% of Sold/Asking
1755 Sharon Place	$950,876	$1,028,000	$671.46	108.1%
2270 Huntley Circle	$1,050,000	$1,100,000	$541.61	104.8%
1522 Wembley Road	$1,598,000	$1,668,000	$725.85	104.4%
1740 Hilliard* 1846 Lorain Road*	$1,050,000 $1,950,000	$1,050,000 $1,950,000	$496.45 $596.70	100% 100%

Both 1740 Hilliard and 1846 Lorain Road were sold after a price adjustment and being on the mrket for several months. Once the prices were adjusted, both homes pretty quickly at full asking price. A lot to be said for correctly pricing your home.

May 2008 to July 2008 San Marino Housing Statistics:

Single Family Residence	May-08	Jun-08	Jul-08
New Listings	14	13	14
Total Listings	39	41	41
Sales Pending	15	8	13
Homes Sold	10	15	12
Listings Expired	4	4	4
Average Days on the Market	40	77	60
Average Price Per Sq. Ft.		$552	$601
Average Selling Price	$1,807,900	$1,638,045	$1,461,150
Absorption Rate (# of weeks to sell current inventory at present rate of sales)		17.8	11.8

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a San Marino home, please click on the search home link here.

For weekly updates on San Marino real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev 626-627-7107

http://www.pasadenaviews.com/0040F9

San Marino Real Estate - Dusty Deals for August 2008

2008-08-19T10:32:52Z

As a real estate agent working in and around Pasadena California, I am constantly getting phone calls from buyers looking for great deals.

If you are looking for a real estate deal, you came to the right place. I will be posting my "Dusty Deals" by area on a monthly basis right here for your review.

What is a "Dusty Deal" list? It is a list of real estate for sale including homes, condos and townhomes that have been on the market for over 100 days. Are all of these great deals? Not necessarily. BUT, the seller has been actively marketing their homes for a very long time and is probably ready to deal.

Why are these homes on the market still? The most likely reason is that they were overpriced to begin with. The first few weeks of marketing a home for sale are the most critical weeks for any seller. If the property is overpriced, or not marketed correctly, it gets stale. Local real estate agents ignore these homes and avoid showing them to their buyers. Potential home buyers look these homes up on the internet, but wonder what is wrong with these homes since they didn't sell.

My take on this is, if you are looking for a deal, these homes are the best place to start. Why? Home sellers are tired of showing their homes and most are ready to NEGOTIATE their price and SELL!

READ MORE: Dusty Deals List for August 08 - Pasadena, Alhambra, South Pasadena, Monterey Hills, Altadena, Sierra Madre, Arcadia and San Marino

So here's a list of homes for sale in San Marino that have been on the market for over 100 days:

Address	BR	BA	Price	Price/Sq.Ft.	MLS #	DOM
1415 S San Gabriel Blvd San Marino, CA 91108	4	3	$1,098,500	$469	22108278	129
2734 Monterey Rd San Marino, CA 91108	4	3	$1,248,800	$544	22106513	615
2280 Roanoke RD San Marino, CA 91108	3	2	$1,265,000	$644	488055882	119
2065 Courtland Ave San Marino, CA 91108-1754	5	6	$4,280,000	$880	22105856	171
1385 Old Mill Rd San Marino, CA 91108	8	7	$8,900,000	$1,093	22109072	113

As you're going through the list, please look at the last column titled DOM (Days on the Market). This will tell you how many days these homes have been on the market.

If you are interested in getting more information about any of these home listings, please call me at 626-204-3340 or email me at Irina@Irina4RealEstate.com.

You can also search all San Marino homes for sale by clicking here.

http://www.pasadenaviews.com/0040DC

Temple Terrace in Monterey Hills is Unique among Many

2008-08-16T10:23:10Z

Temple Terrace is a beautiful complex in Monterey Hills. It is very unique for the area since it consists of both condos and townhomes. It is located on Via Marisol, but the postal address is Temple Terrace.

There are 75 condos and 47 townhomes in this complex. It is beautifully landscaped and has mature trees and lush foliage. As you walk around the complex, you almost get a resort-like, almost cottage-like feel.

It is the only complex on the hill that has gas range/ovens. Everything else in Monterey Hills is electric. So if you like to cook with gas and live in Monterey Hills this complex is for you.

Amenities include a pool and a spa and home owner association fees are some of the lowest in Monterey Hills. HOA dues include water, gardening, cable TV & trash service.

There's plenty of guest parking available throughout Temple Terrace although the townhomes have a 2-car attached garage and most condos come with 2 subterranean parking spaces.

Monterey Hills is a great place to live and is only minutes away from Old Town Pasadena, downtown LA, Paseo Colorado, the USC Health Sciences Campus and the Gold Line.

As of August 15, 2008, there is only one townhome on the market:

853 Temple Terrace, Monterey Hills 2 bedrooms/2 baths $429,000

It is nice and bright with beautiful views of the hills from each room.

READ MORE: Monterey Hills Overview

READ MORE: Top 10 Condo Buying Tips

Search for Monterey Hills condos

http://www.pasadenaviews.com/0040F8

Monterey Hills Real Estate Market Report - May 08 to July 08

2008-08-11T10:12:08Z

There are definite opportunities in Monterey Hills right now for both first time home buyers and investors. For the first time, we're actually seeing 2 bedroom and 2 bath condos fall under $300,000 thanks to short sales and hesitant buyers.

The inventory for condos remains pretty much the same. Even though looking at the graph below, the number of total Monterey Hills condos dropped to 16, there were 8 condo listings that expired which suggests that they will be relisted and put back on the Monterey Hills real estate market shortly. At today's rate of condo sales of about 5 per month, there's about 17 weeks of existing inventory available.

Investor Recommendation: Wait for condos to drop around $275,000 if you'd like to be at break even at about 25% down.

Homeowner Recommendation: The prices are much lower than the surrounding South Pasadena and are perfect for purchase to live if you see a condo that you like, especially if you're thinking of holding on to it for 3 to 5 years. Go for it!

Monterey Hills Townhouses are still hard to find. Inventory of Monterey Hills Townhouse listings has dropped to 2. Only a couple sell per month, but that can be do to the lack of available townhomes to begin with.

Condos	May-08	Jun-08	Jul-08
New Listings	7	5	8
Total Listings	26	24	16
Sales Pending	6	4	3
Homes Sold	5	4	5
Listings Expired	3	2	8
Average Days on the Market	83	136	79
Average Price Per Sq. Ft.		$297	$302
Average Selling Price	$356,400	$304,520	$344,578
Absorption Rate (# of weeks to sell current inventory at present rate of sales)		20.8	17.3

Townhomes	May-08	Jun-08	Jul-08
New Listings	6	0	1
Total Listings	8	4	2
Sales Pending	0	1	2
Homes Sold	3	1	2
Listings Expired	0	0	0
Average Days on the Market	48	154	98
Average Price Per Sq. Ft.		$401	$302
Average Selling Price	$426,000	$655,000	$465,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales)		5.8	8.7

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a Monterey Hills condominium or townhouse, please click on the search home link here.

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev 626-627-7107

http://www.pasadenaviews.com/004044

South Pasadena Real Estate Market Report - July 08

2008-08-10T12:56:50Z

There are no surprises in the real estate market statistics in South Pasadena. Over the last three months, South Pasadena real estate activity has been pretty stable with an increase in pending sales in July. We always see an upswing in summer sales due to moves in and out of the area with kids being out of school.

New listings remain pretty constant with approximately 10 new homes coming on the market each month. There were less listings that expired indicating more price reductions and accepted offers.

New listings for South Pasadena condos and townhomes doubled between May 08 and June 08, but closed sales are still pretty low leading to a 45.5 week absorption rate. An absorption rate is a good indication of activity and inventory. It simply means that it will take a bit over 45 weeks to sell all available South Pasadena condos if sales continue at the current levels. Of course, next month's absorption rate will be much lower given that the number of South Pasadena condos/townhomes with accepted offers more than doubled to 5 in July again mainly due to summer activity.

South Pasadena market has a high number of real estate inventory compared to real estate sales making it a perfect opportunity for buyers.

Single Family Residence	May-08	Jun-08	Jul-08
New Listings	11	10	11
Total Listings	34	38	24
Sales Pending	8	9	14
Homes Sold	4	14	8
Listings Expired	27	6	4
Average Days on the Market	85	93	39
Average Price Per Sq. Ft.		$532	$607
Average Selling Price	$883,750	$1,579,714	$1,525,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	N/A	41.2	7.4

Condos and Townhomes	May-08	Jun-08	Jul-08
New Listings	4	8	10
Total Listings	14	19	21
Sales Pending	3	2	5
Homes Sold	3	2	1
Listings Expired	14	1	9
Average Days on the Market	52	95	147
Average Price Per Sq. Ft.		$402	$331
Average Selling Price	$479,167	$635,944	$418,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	N/A	27.4	45.5

Real estate data based on information from ITEC (Pasadena Foothills Association MLS service)

For weekly updates on South Pasadena real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

http://www.pasadenaviews.com/00402B

Formula for Selling Your Pasadena Home in 30 days or less

2008-08-06T14:03:20Z

There's really no secret to selling your Pasadena home. Experienced Pasadena real estate agents will tell you that it's all about following a specific series of steps or a proven formula that is absolutely proven to be successful.

Here are your "Selling Your Home" formula ingredients

Prepare your Pasadena Home for sale:

Before you consider advertising or marketing your Pasadena home, you need to make sure that it's in market ready condition. That involves several steps:

Go through each room of your house and be honest with yourself about the items that need to be repaired or replaced. Come on... you know what I mean...
Order a pre-inspection by a California licensed real estate home inspector. You can get a list of Inspectors from CREIA , California Real Estate Inspection Association or just give me a call and I'll recommend a few. Buyers will do it the moment they open escrow. Why be surprised later or give the buyers and additional negotiating power, especially in today's real estate market.

Get rid of clutter. Clutter is translated to thousands of lost sale dollars. Trust me on this. I've seen it time after time.
Take down most if not all of your family photos. Buyers want to picture themselves in the house, not YOU, the seller.
Take a look at the outside of your house. Does it need paint? How is the landscaping? Will buyers be able to get to your front door without tripping over tree roots or toys left outside. Is the front door painted and welcoming? Are there cobwebs covering the entry?
CLEAN, CLEAN, CLEAN - now that you've made the necessary repairs, start cleaning furiously - windows, floors, carpeting, BATHROOMS (yes... go to the extremes - take a q-tip and run it around the base of your toilet - what do you find?) Make your home SPARKLE! As you clean, just tell yourself that you're cleaning for $s!
Hire a Stager. When I sold my own house last year, I hired Nicki Rothwell of GetStaged2Sell to stage my house. Staging is absolutely critical in today's real estate environment. If your house is staged it will sell faster and for more money - guaranteed!

READ MORE: What is Staging

READ MORE: Make a Great First Impression

Determine a Price for your Pasadena Home:

READ THE REST OF THE ARTICLE ON SUCCESSFUL FORMULA OF SELLING YOUR HOME BY CLICKING HERE.

Foreigner is coming to ALHAMBRA - FREE Concert!

2008-07-31T09:52:24Z

AND, KENNY LOGGINS!!!! How cool is this?????

Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert. If that concert is free, well... that's even better.

ALHAMBRA, CA

Location: 2nd Street, between Main Street & Commonwealth Avenue

Time: 6:00 to 10:00 pm (Headliner Band starts at 8:30 pm)

August 2	Foreigner
August 9	Kenny Loggins
August 16	The Fab Four
August 29	Tower of Power

READ MORE: Alhambra, California

CLICK HERE FOR A LIST OF ALL LOCAL SUMMER CONCERT SERIES

Posted By: Irina Netchaev - Pasadena California Real Estate Agent - Irina Netchaev & Associates. Irina and her Team of Real Estate experts work in the beautiful Keller Williams Realty in Pasadena California specializing in Pasadena Real Estate, San Marino Real Estate, South Pasadena Real Estate, San Gabriel Real Estate, Altadena Real Estate, Alhambra Real Estate, Monterey Hills Real Estate, Arcadia Real Estate, Sierra Madre Real Estate and surrounding communities.

(626) 204-3340

South Pasadena - Summer Concert Series

2008-07-31T09:49:33Z

Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert. If that concert is free, well... that's even better.

SOUTH PASADENA, CA

Location: Garfield Park (on Mission Street between Stratford & Park Avenue)

Time: 5:00 pm to 7:00 pm

August 3	Son Mayor
August 10	Surfing Safaris

READ MORE: South Pasadena, California

CLICK HERE FOR A LIST OF ALL LOCAL SUMMER CONCERT SERIES

(626) 204-3340

Dancing Under the Stars in Pasadena

2008-07-31T09:45:45Z

This Friday and every Friday through the end of August, make your way over to Pasadena's Colorado Paseo. Join the fun with Dancing Under the Stars.

It's FREE and it's FUN!!!

Aug 30, 2008

6:30 PM - 9:30 PM

Paseo Colorado
280 East Colorado Boulevard
Pasadena,CA,91101

FREE

Friday 07/11/08 to Friday 08/29/08

Where: Paseo Colorado
280 East Colorado Boulevard
Pasadena,CA,91101 Price: FREE Repeats Weekly on Friday

FREE DANCE LESSONS ARE PROVIDED!!!! What else can you be waiting for!!!

If summer park concerts are more your style, then click on the link below!

HAVE FUN!!!

CLICK HERE FOR A LIST OF ALL LOCAL SUMMER CONCERT SERIES

(626) 204-3340

Arcadia, CA - Summer Concert Series

2008-07-30T20:52:27Z

Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert. If that concert is free, well... that's even better.

ARCADIA, CA

Location: City Hall West Lawn, 240 West Huntington Drive, Arcadia

Time: 7 pm to 8:30 pm

August 7	Juke Box heroes (Elvis & Buddy Holly Tunes)
August 14	Mrs. Murphey's Chowder (High Energy Irish/American Show)
August 21	Nannett & Her Hotsy totsy Boys (Days of the Roaring 20s)

READ MORE: Arcadia California

CLICK HERE FOR A LIST OF ALL LOCAL SUMMER CONCERT SERIES

(626) 204-3340

Sierra Madre, CA - Summer Concert Series

2008-07-30T20:49:34Z

Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert. If that concert is free, well... that's even better.

SIERRA MADRE, CA

Location: Memorial park Bandshell, 222 West Sierra Madre Boulevard, Sierra Madre

Time: 6:00 pm to 8:00 pm

August 3	Aluminum Marshmallows (Rock & Roll)
August 10	The Groove (70s and 80s)
August 17	The Late Bloomers (Acoustic Folk)
August 18	Fairy Tales & Fantasy (Musical Theater)

READ MORE: Sierra Madre, California

CLICK HERE FOR A LIST OF ALL LOCAL SUMMER CONCERT SERIES

(626) 204-3340

Pasadena California - Summer Concert Series

2008-07-30T20:39:13Z

Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert. If that concert is free, well... that's even better.

PASADENA, CA

Location: Levitt Pavillion, 87 North Raymond Avenue #250, Pasadena

Call 626-683-3230

August 1	8 pm Celtic Spirit (World Rhythms)
August 2	8 pm Rolando Morales (Musica Latina)
August 3	7 pm Billy Mitchell (Jazz Night)
August 6	Circus Night (Children's Entertainment)
August 7	7:30 pm Lisa Haley (American Music)
August 8	Smader Levi (World Rhythm)
August 9	8 pm Nocy (Musica Latina)
August 13	7 pm Steve Songs (Children's Entertainment)
August 14	7:30 pm Stone Honey (American Music)
August 15	8 pm Tidawt (World Rhythms)
August 16	8 pm Los Pinguos (Musica Latina)
August 17	7 pm Charles McPherson (Jazz Night)
August 20	7 pm Gary Allegretto (Children's Entertainment)
August 21	7:30 pm John Doe (American Music)
August 22	8 pm Xavier Quijas Yxaotl & America Indigena (World Rhythms)
August 23	8 pm Kevin 'Bujo' Jones (Musica Latina)
August 24	7 pm Red Holloway (Jazz Night)
August 27	7 pm The Safety Girls (Children's Entertainment)
August 28	7:30 pm Bill Revele & Shannon Hurley (American Music)
August 29	8 pm Kobo Town (World Rhythm)
August 30	8 pm Mariachi Divas (Musica Latina)
August 31	7 pm Amy London (Jazz Night)

READ MORE: Pasadena, California

CLICK HERE FOR A LIST OF ALL LOCAL SUMMER CONCERT SERIES

(626) 204-3340

San Marino, California - Police Department Open House

2008-07-29T20:28:50Z

If you live in San Marino and want an opportunity to meet the people that serve and protect you, visit San Marino Police Department next Saturday, August 2nd.

WHERE: 2200 HUNTINGTON DRIVE, San Marino

TIME: 11:00 AM to 2:00 PM.

THERE WILL ALSO BE A DOCUMENT SHREDDING COMPANY ON SITE FOR FREE SHREDDING OF YOUR PERSONAL DOCUMENTS.

FREE HOT DOGS AND SODAS WILL BE SERVED AND ALL ARE WELCOME!

Pasadena California Real Estate Market Report

2008-07-24T10:25:37Z

If you are living in Pasadena California or are thinking about relocating to Pasadena, you've come to the right place.

This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for Pasadena California. Bookmark this page and visit it each month to see how Pasadena homes, condos and townhomes are faring in today's real estate market.

If you are already a Pasadena homeowner and would like to get a monthly email sent to you with real estate activity around your Pasadena home, please click here and order your real estate monthly market report. You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list.

If you are seriously considering selling your Pasadena home and would like a private consultation, please contact me at 626-627-7107 or Irina@Irina4RealEstate.com.

Pasadena Real Estate Market Report for the month of June 2008:

Single Family Residence
New Listings	77
Total Listings	388
Sales Pending	54
Homes Sold	54
Listings Expired	48
Average Days on the Market	121
Average Price Per Sq. Ft.	$445
Average Selling Price	$968,727


Condos
New Listings	52
Total Listings	182
Sales Pending	30
Homes Sold	24
Listings Expired	34
Average Days on the Market	126
Average Price Per Sq. Ft.	$391
Average Selling Price	$503,451


Townhomes
New Listings	36
Total Listings	90
Sales Pending	9
Homes Sold	11
Listings Expired	7
Average Days on the Market	102
Average Price Per Sq. Ft.	$391
Average Selling Price	$ 555,236

Pasadena Real Estate Market Report for the month of May 2008:

Single Family Residence	May-08
New Listings	120
Total Listings	424
Sales Pending	43
Homes Sold	58
Listings Expired	52
Average Days on the Market	82
Average Selling Price	$955,191


Condos	May-08
New Listings	33
Total Listings	199
Sales Pending	14
Homes Sold	20
Listings Expired	20
Average Days on the Market	94
Average Selling Price	$538,075


Townhomes	May-08
New Listings	22
Total Listings	81
Sales Pending	7
Homes Sold	14
Listings Expired	33
Average Days on the Market	115
Average Selling Price	$592,857

* Data compiled from ITEC MLS

(626) 204-3340

Sierra Madre Real Estate Market Report

2008-07-24T09:47:04Z

If you are living in Sierra Madre or are thinking about relocating to Sierra Madre, you've come to the right place.

This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for Sierra Madre California. Bookmark this page and visit it each month to see how Sierra Madre homes and condos are faring in today's real estate market.

If you are already a Sierra Madre homeowner and would like to get a monthly email sent to you with real estate activity around your Sierra Madre home, please click here and order your real estate monthly market report. You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list.

If you are seriously considering selling your Sierra Madre home and would like a private consultation, please contact me at 626-627-7107 or Irina@Irina4RealEstate.com.

Sierra Madre Real Estate Market Report for the month of June 2008:

Single Family Residence	Jun-08
New Listings	23
Total Listings	60
Sales Pending	5
Homes Sold	5
Listings Expired	4
Average Days on the Market	131
Average Price Per Sq. Ft.	$475
Average Selling Price	$961,600


Condos and Townhomes	Jun-08
New Listings	1
Total Listings	5
Sales Pending	1
Homes Sold	4
Listings Expired	0
Average Days on the Market	233
Average Price Per Sq. Ft.	$435
Average Selling Price	$745,000

Sierra Madre Real Estate Market Report for the month of May 2008:

Single Family Residence	May-08
New Listings	14
Total Listings	41
Sales Pending	4
Homes Sold	9
Listings Expired	4
Average Days on the Market	72
Average Selling Price	$758,000


Condos and Townhomes	May-08
New Listings	3
Total Listings	9
Sales Pending	1
Homes Sold	1
Listings Expired	1
Average Days on the Market	65
Average Selling Price	$575,000

*Data gathered from ITEC MLS

(626) 204-3340