South Pasadena Home Sales….1st Half 2013South Pasadena Real Estate sees high demand in 2nd Quarter

January – June2013 vs 2012

Jan-June ’13

Jan – June ‘12

% Change

Median price $ 932,500 $ 870,000 + 7%

Units Sold 62 53 + 17%

Single Family

6 mos Year to Date

January – March2013 vs 2012

Jan - Mar ’13

Jan – Mar ‘12

% Change

Median price $ 879,000 $ 883,000 -

Units Sold 21 23 -9%

Single Family

1st Quarter Year To Date

April - June2013 vs 2012

Apr - Jun ’13

Apr - Jun‘12 % Change

Median price $975,000 $790,000+23 %

Units Sold 41 30 +37 %

Single Family

2nd Quarter Year to Date

South Pas Market Characteristics

Homes Sold at 103.4% of their asking Price

Limited Availability of Homes for Sale Mortgage Rates were Rock Bottom in

the 2nd Quarter Improving California Economy Distressed Property shortage (banks are

not foreclosing on delinquent homeowners)

What Has Happened

South Pas Market Outlook

Inventory to remain low Interest Rates are Rising but will remain

low by historical standards Distressed Property to remain non-

existent Increasing Median Prices Entry price point increasing causing

Condo’s & Townhomes prices to increase

What to Expect

Has Your Ship Sailed ?

There is still time to take advantage of market opportunities

Prices may be higher, but your home buying dollar is going further, thanks to lower interest rates

As Fall approaches, look for less competition among home buyers

Have I missed the best time

Thinking of Selling ? There is still plenty of

Momentum left in this market South Pasadena Market is less

volatile and shows demand inelasticity

See our “10 Keys to a Successful Home Sale” to maximize the value of your home

Recommendations - Sellers

If You Plan to Buy……

Buyer Recommendations

Multiple offers will still be the norm

Work with one real estate agent and discuss ways to increase the strength of your offer and how to get it accepted

Offer the seller something of value unique to their situation

Home Prices are UP, Do You know the

New Value of Your HOME?

Call Us Today! 626-432-4615

Doug & Deena WillisBroker, OwnersRE/MAX Property Concierge266 Monterey Rd.South Pasadena, CA

Ph 626-432-4615CA RE Lic # 01334541 & 01354143