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Spring 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 | 30-60 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 | Increasing number of sales are multiple offers. Both in Short sales/REO’s and standard sales. Buyers need to become decisive faster and be more aggressive than ever before. |
| 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 - February 23rd, 2012 2:54pm
Free Tax Preperation Event! There's no getting around doing your taxes, but nothing says you have to do them on your own. Help is on the way! Free tax preparation assistance will be available to those who qualify at La Pintoresca Library, 1355 N. Raymond Ave., on Wednesday, Feb. 22, from 2 to 7 p.m. To qualify for help preparing and filing tax returns, families or individuals must have a maximum household income no greater than $50,000. Appointments are required, and taxpayers are asked to bring the following records: Photo ID; Social Security card or individual taxpayer ID number for each family member; all earnings statements (W-2s, 1099s, Social Security Income); copy of prior year tax return; bank account and routing numbers for direct deposit; tuition fees and expenses; and child care expenses. To make an appointment, call (626) 796-6870, ext. 0. This free event is sponsored by the office of Pasadena City Councilmember Jacque Robinson, the office of State Controller John Chiang, Women at Work, and Pasadena Public Library. For more information, contact District 1 Field Representative Tina Williams at tinawilliams@cityofpasadena.net or (626) 744-4444.
News for Pasadena, CA - February 23rd, 2012 2:51pm
Free Tax Preperation Event!
There's no getting around doing your taxes, but nothing says you have to do them on your own. Help is on the way! Free tax preparation assistance will be available to those who qualify at La Pintoresca Library, 1355 N. Raymond Ave., on Wednesday, Feb. 22, from 2 to 7 p.m.
To qualify for help preparing and filing tax returns, families or individuals must have a maximum household income no greater than $50,000.
Appointments are required, and taxpayers are asked to bring the following records: Photo ID; Social Security card or individual taxpayer ID number for each family member; all earnings statements (W-2s, 1099s, Social Security Income); copy of prior year tax return; bank account and routing numbers for direct deposit; tuition fees and expenses; and child care expenses.
To make an appointment, call (626) 796-6870, ext. 0.
This free event is sponsored by the office of Pasadena City Councilmember Jacque Robinson, the office of State Controller John Chiang, Women at Work, and Pasadena Public Library.
For more information, contact District 1 Field Representative Tina Williams at tinawilliams@cityofpasadena.net or (626) 744-4444.
News for Pasadena, CA - February 23rd, 2012 2:47pm
Thinking about holding a Yard Sale next weekend? Remember Pasadena enforces it's Yard sale permit laws go to: http://www.ci.pasadena.ca.us/Planning/BuildingandSafety/Yard_Sales/ to obtain a yard sale permit.
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.
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
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
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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