pasadena home august home sales
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- Pasadena August 2009 Home Sales
- Single Family
- Townhomes & Condominiums
- Housing Charts and Graphs
- Analysis Commentary
up2daterealestate.com
up2daterealestate.com
Pasadena – All Residential Units
Median Price
2009 $570,000
2008 $572,500
% Change (-) Home prices continue to show monthly gains bouncing off of their January 2009 lows
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Number of Homes Sold- All Residential
2009 123 units
2008 108 units
% Change 14%
Average Days on Marketcurrent days on market / cumulative days on market
2009 73 / 71
2008 74 / 144
% Change -%
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Pasadena – Single Family Units
Median Price
2009 $640,000
2008 $650,000
% Change (1.5%)
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Number of Single Family Homes Sold
2009 83 units
2008 70 units
% Change 18 %
Average Days on Marketcurrent days on market / cumulative days on market
2009 73 / 73
2008 79 / 104
% Change ( 7.5 %)
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Current Inventory of Single Family Homes
Number Median Price Days/Mkt
Active 288 $757,500 110 / 100
Contingent 62 $569,000 117 / 94
Pending 78 $459,450 85 / 51
up2dateTownhomes & Condominiums
Median Price
2009 $465,000
2008 $451,200
% Change 3 %
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Big jump in Condo sales prices as
higher priced units are finally beginning
to sell
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Townhomes & Condominiums
realestate.com
Number of Units Sold
2009 40 units
2008 39 units
% Change 2.5 %
Average Days on Market
current days on market / cumulative days on market
2009 77 / 73
2008 72 / 208
% Change 7%
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Current Inventory of Townhomes & Condominiums
Number Median Price Days/Mkt
Active 204 $539,500 102 / 92
Contingent 33 $379,900 122 / 95
Pending 69 $429,000 61 / 36
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Jan
Fe
bM
ar
Ap
rM
ay
Jun
Jul
Au
gS
ep
Oct
No
vD
ec
Jan
Fe
bM
ar
Ap
rM
ay
Jun
Jul
Au
gS
ep
Oct
No
vD
ec
Jan
Fe
bM
ar
Ap
rM
ay
Jun
Jul
Au
gS
ep
Oct
No
vD
ec
Jan
Fe
bM
ar
Ap
rM
ay
Jun
Jul
Au
gS
ep
Oct
No
vD
ec
Jan
Fe
bM
ar
Ap
rM
ay
Jun
Jul
Au
gS
ep
Oct
No
vD
ec
Jan
Fe
bM
ar
Ap
rM
ay
Jun
eJu
lyA
ug
ust
2004 2005 2006 2007 2008
$425,000
$475,000
$525,000
$575,000
$625,000
$675,000
$725,000
$775,000
Pasadena Median Home Prices
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec $400,000
$425,000
$450,000
$475,000
$500,000
$525,000
$550,000
$575,000
$600,000
$625,000
$650,000
$675,000
$700,000
$725,000
Pasadena Annual Median Home Prices
2004
2005
2006
2007
2008
2009
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Jan
Feb Mar Apr
May Ju
n Jul
Aug Sep Oct
Nov Dec0
50
100
150
200
250 Pasadena Monthly Unit Home Sales
2004 2005 2006 2007 2008 2009
up2date• Analysis and Forecasts
• Homes sales in August (units) fell from their highs in July. However that is not uncommon as the summer selling season takes a break
• As predicted, the median price finally stabilized on a 12 month period (August 09 vs August 08)
• Monthly inventory supply is about 5 months on single family and about 7.5 months on townhomes and condominiums
• There are still large numbers of homes (single family & condos) in escrow. Look for inventory to fall further in the next couple of months.
• Congress is considering expanding or reinstating the first time homebuyer credit of $8000 set to expire in November
• It also appears that interest rates will remain at very desirable levels at least through the first quarter of 2010.
• Charts do not reflect merged data from MRMLS into I-Tech)
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