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How's the Market in the "CalTech" area of Pasadena Real Estate for this past week? - 03/28/11 04:02 PM
How's the market in Pasadena's "CalTech" Real Estate area week ending 3/27/11?
CalTech Area Real Estate is a Seller's Market. Here's why:
•· 2 months supply of homes trending
•· 5 Homes available (1 new)
The 6 month numbers are as follows:
Average Sale Price: $971,000
Median Sale Price: $962,500
Average Days on Market: 69
Average Sale Price to List Price Ratio: 95.02
Of Special Note this week: Of all the homes sold in the last 6 months, 1/2 of the lower 10 priced homes sold at least at 101.09 % of list price! This is very different for the higher priced homes that were trending in the mid … (0 comments)
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San Rafael Hills Real Estate Market Update for week ending 3/21/11 - 03/23/11 01:56 AM
How's the market in Pasadena's San Rafael Hills Real Estate area week ending 3/21/11?
San Rafael Hills Real Estate is a Seller's Market - ever so slightly. Here's why:
•· 5.3 months supply of homes trending
•· 8 Homes available (1 new)
The 6 month numbers are as follows:
Average Sale Price: $850,222
Median Sale Price: $825,000
Average Days on Market: 76
Average Sale Price to List Price Ratio: 95.40
Of Special Note this week: San Rafael Hills Real Estate is seeing a return to a Seller's market! There were 3 properties that closed escrow this week in the hills, one plot of land and 2 … (1 comments)
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South Pasadena Real Estate Update for week ending 3/21/11 - 03/23/11 01:36 AM
Here's the market update for South Pasadena Real Estate for this week:
It's a Seller's Market, Here's why:
4 months supply of homes trending (down from last week!) 57 Homes available total # Condos Available: 29
# Single Family Homes Available: 28 - 2 new this week
The 6 month numbers are as follows:
Average Sale Price: $724,630 (increasing slightly from last week)
Median Sale Price: $646,000 (increasing slightly from last week)
Average Days on Market: 62
Average Sale Price to List Price Ratio: 98.49 (anybody want to sell?)
Of Special Note this week: 6 properties entered escrow this week, which is a continuation of … (0 comments)
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Pasadena Home For Sale - Renowned Cal Tech Area - 03/16/11 01:26 AM
450 Bonita Ave - Pasadena
In the desirable CalTech neighborhood, just a few houses North of San Marino, this elegant English Cottage style home is warm, well lit and provides an excellent floor plan. A grand Living Room greets visitors, and a spacious formal living room is adjacent. Two separate bedroom wings provide more privacy and accomodate the 3 generously sized bedrooms. An oversized full bathroom serves the front bedrooms while the master suite has it's own 3/4 bath. Beautifully refinished hardwood floors, new paint throughout, a California basement and a very clean, spacious backyard are featured. This wonderful Pasadena … (2 comments)
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South Pasadena Real Estate Update for week ending 3/14/11 - 03/16/11 01:16 AM
Here's the market update for South Pasadena Real Estate for this week:
It's a Seller's Market, Here's why:
4.26 months supply of homes trending 61 Homes available total # Condos Available: 28
# Single Family Homes Available: 33 - 2 new this week
The 6 month numbers are as follows:
Average Sale Price: $718,739 (weighed down by new development of 1 bedroom lofts)
Median Sale Price: $636,500 (weighed down by new development of 1 bedroom lofts)
Average Days on Market: 62
Average Sale Price to List Price Ratio: 98.57 (anybody want to sell?)
Of Special Note this week: 8 properties entered escrow this week! This … (0 comments)
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San Rafael Hills Real Estate Market Update for week ending 3/14/11 - 03/16/11 12:51 AM
How's the market in Pasadena's San Rafael Hills Real Estate area for this past week?
San Rafael Hills Real Estate is a Buyer's Market - ever so slightly. Here's why:
•· 6.15 months supply of homes trending (6 months is considered a balanced market)
•· 8 Homes available
The 6 month numbers are as follows:
Average Sale Price: $802,000
Median Sale Price: $792,000
Average Days on Market: 86
Average Sale Price to List Price Ratio: 95.46
Of Special Note this week: A numerical coincidence: 8 homes available, 8 homes in escrow, 8 homes sold over last 6 months. Some with superstitions might take this as a … (0 comments)
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Do You Know What's on your Shelf???? - 03/14/11 01:21 AM
If you work at all with buyers, I'd like to share an analogy that I've found very helpful in my own career, as well as sharing with new recruits in my office:
If you were a grocer, or a small town shopkeeper, would you have to know what is on your shelf? When people come in to your shop and ask "where's the ketchup, or what kinds of olive oil do you have, or tell me the difference between Dijon and Deli Mustard, what would they say if you said, "I don't know"? How long would you be in business?
So, as … (6 comments)
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South Pasadena Real Estate Update for week ending 3/7/11 - 03/07/11 11:49 PM
Here's the market update for South Pasadena Real Estate for this week:
South Pasadena Homes listed are in a Seller's Market, Here's why:
4.5 months supply of homes trending 66 Homes available total # Condos Available: 29
# Single Family Homes Available: 37 - 4 new this week
The 6 month numbers are as follows:
Average Sale Price: $722,415 (weighed down by new development of 1 bedroom loft sales)
Median Sale Price: $643,000 (weighed down by new development of 1 bedroom loft sales)
Average Days on Market: 61
Average Sale Price to List Price Ratio: 98.64 (anybody want to sell?)
Of Special Note this week: There were … (1 comments)
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San Rafael Hills Market Update for week ending 3/7/11 - 03/07/11 11:19 PM
How's the market in Pasadena's San Rafael Hills area for this past week?
San Rafael Hills Real Estate is a Seller's Market. Here's why:
•· 4 months supply of homes trending
•· 7 Homes available
The 6 month numbers are as follows:
Average Sale Price: $773,444
Median Sale Price: $745,000
Average Days on Market: 83
Average Sale Price to List Price Ratio: 95.80
Of Special Note this week: 2 new properties became available, one on Malcolm and another on Kaweah, while nothing else much changed, so it turned out to be a rather slow week! There is progress with one additional new property coming on in … (0 comments)
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Clean, Clean, Clean... - 03/04/11 01:10 PM
If there is only one thing that a seller should do to make a difference with their home before they put it on the market is clean it. I don't mean get the maid in to do a usual cleaning, but a DEEEEEP cleaning! No matter how old, outdated or how much work it needs, it should be clean.
Being a 2nd Generation Pasadena area Realtor, I learned long ago from my Realtor mom (Joan Bothast, Coldwell Banker San Marino 35 years!) that clean trumps all. It's relatively easy, it's relatively cheap (a little elbow grease on the part of the Realtor … (5 comments)
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South Pasadena Real Estate Update - 03/02/11 05:29 PM
Heres the market update for South Pasadena Real Estate for this week:
It's a Seller's Market, Here's why:
4 months supply of homes trending 65 Homes available total # Condos Available: 27
# Single Family Homes Available: 38 - 4 new this week
The 6 month numbers are as follows:
Average Sale Price: $879,891
Median Sale Price: $825,000
Average Days on Market: 56
Average Sale Price to List Price Ratio: 98.74 (anybody want to sell?)
Of Special Note this week: There were 3 price reductions in the single family category, always the more desireable properties compared to condos, and so this reflects the continued strength of the … (0 comments)
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San Rafael Hills Market Update - 03/02/11 02:19 PM
How's the market in Pasadena's San Rafael Hills area for this week?
San Rafael Hills Real Estate is a Seller's Market. Here's why:
•· 3.5 months supply of homes trending
•· 7 Homes available
The 6 month numbers are as follows:
Average Sale Price: $759,600
Median Sale Price: $695,000
Average Days on Market:83
Average Sale Price to List Price Ratio: 96.01
Of Special Note this week: 2 Homesellers that have been on the market for a long time (over 150 days) accepted offers this week. Combine this with the number of homes in escrow (7 including these 2), and it looks like the activity is picking … (0 comments)
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Lee Bothast
Pasadena,
CA
More about me…
Coldwell Banker Residential Brokerage
Address: 2065 Huntington Dr., San Marino, CA, 91108
Office Phone: (626) 685-5204
Cell Phone: (626) 533-3929
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