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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Pasadena. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Jan: 626-487-3678 or Payman: 818-468-3116
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| Average Home Price | $925,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $600,000 - $649,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Pasadena is | Increasing |
| Seller Activity for the past 90 days in Pasadena is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | We are seeing some multiple offers, particularly with foreclosures and other very competitively priced homes in the more desireable areas. We are even seeing homes go significantly above the asking price. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Interest rates are very competitive right now but people have to have great credit and steady employment to qualify. |
| Housing Inventory | Limited Supply |
| Inventory Comments | As compared with August of 2010, this August we have seen the days of market drop from 117 to 58, a significant difference. In addition, the sold/list price % has increased slightly, as well, from 97% to 98%. Over all, the numbers are improving from a year ago. There are fewer homes on the market but still plenty to choose from and most are well-priced for a quick sell. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Los Angeles |
| Housing Hot Spots | Linda Vista, San Rafael, Oak Knoll, San Marino, La Canada, Bungalow Heaven, Hastings Ranch, San Pasqual, Cal Tech, Brigden Ranch, Altadena. |
| Average Sold Price | $925,000 - View Graph Trend |
Pasadena Local News
News for Pasadena, CA - January 26th, 2012 7:50pm
Pasadena, CA: On March 9, 2012 6:00PM-10:00PM Pasadena hosts Art Night at City Hall and Cultural Institutions citywide.
News for Pasadena, CA - January 24th, 2012 6:58pm
On February 4, 2012 9:00AM-3:00PM City of Pasadena will be hosting a free E-Waste recycling to all residents and businesses in Pasadena. Additionally there will be free on site Document Shredding limited to 5 legal size boxes. For more information call 626-744-4087
News for Pasadena, CA - January 23rd, 2012 8:01pm
Sugar Ray will headline the Pasadena Rock and Roll Half marathon on February 19, 2012 which promises to be another great family event in Pasadena.
What Is Going On In The City of Roses? - September 30th, 2011 3:55pm
Happy Fall from beautiful Pasadena, California. We have had a busy summer full of activities and beautiful weather. Numerous games at the Rose Bowl as well as several charity 5K races, the annual Pasadena Marathon, the Wiggle Waggle Walk and lots of wonderful activities lay ahead. Real Estate activity has proven to be brisk as well this summer. Folks taking advantage of great prices and phenomenal interest rates to make their dreams of homeownership a reality! Whether you are looking to buy your first property, moving up because your family is growing or empty nesters looking for a gorgeous low-maintanance condo, we are here to help!
Contact Information
Jan and Payman Emamian
Jan: 626-487-3678 or Payman: 818-468-3116
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Jan and Payman Emamian
John Aaroe Group
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 Jan: 626-487-3678 or Payman: 818-468-3116
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