Pasadena Real Estate Market Conditions & Reports, Pasadena Market Trends, California

Market Commentary Provided by Payman & Jan Emamian

Report Date

Fall 2009

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Payman & Jan Emamian
Premier Realty
Pasadena, California
818-468-3116
pemamian@prula.com
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Nearest Metro Area

Los Angeles, CA

Buyers’ or Sellers’ Market

About 50-50

Average Time on Market

0-30 days

Market Trend

Increasing

Housing Inventory

Limited Supply

Average Home Price

$650,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 15%

Prices As % of Asking Price

99%

Multiple Offers?

Yes

Greatest Activity

Move-up Buyers

Buyer Activity for the past 90 days in Pasadena is

Seller Activity for the past 90 days in Pasadena is

Is Financing Available For Qualified Buyers in Pasadena?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Entire area

Reason to Buy/Sell

Population and job growth, good economic news, new industries and other

Average Sold Price

$650,000 - View Graph Trend

National Real Estate Market

Local Summary: Demand for housing has resulted in a limited supply. Sellers are receiving multiple offers very close to asking price. The market is being fueled primarily due to activity from move-up buyers.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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