Pasadena Home August Home Sales
Download as PPTX, PDF
1 like359 views
The document analyzes home sales data in Pasadena for August 2009. It shows that while home sales fell slightly from July 2009, the median home price has stabilized over the past 12 months. Inventory levels remain high but are falling, with about 5 months of supply for single family homes and 7.5 months for condos. Home sales are expected to increase further as many properties are currently in escrow.
Pasadena Home August Home Sales
- 1. Pasadena August2009 Home Sales
- 4. Housing Charts and Graphs
- 6. up2daterealestate.comPasadena All Residential UnitsMedian Price2009 $570,0002008 $572,500% Change (-)Home prices continue to show monthly gains bouncing off of their January 2009 lows
- 7. up2daterealestate.comNumber of Homes Sold- All Residential 2009 123 units 2008 108units % Change 14%Average Days on Market current days on market / cumulative days on market 2009 73 / 71 2008 74/ 144 % Change -%
- 8. up2daterealestate.comPasadena Single Family UnitsMedian Price2009 $640,0002008 $650,000% Change (1.5%)
- 9. up2daterealestate.comNumber of Single Family Homes Sold 2009 83 units 2008 70units % Change 18%Average Days on Market current days on market / cumulative days on market 2009 73 / 73 2008 79/ 104 % Change ( 7.5 %)
- 10. up2daterealestate.comCurrent Inventory of Single Family Homes Number Median Price Days/MktActive 288 $757,500 110 / 100Contingent 62$569,000 117/ 94Pending 78$459,45085/ 51
- 11. up2dateTownhomes & Condominiums Median Price 2009 $465,000 2008 $451,200 % Change 3 %realestate.comBig jump in Condo sales prices as higher priced units are finally beginning to sell
- 12. up2dateTownhomes & Condominiumsrealestate.comNumber of Units Sold 2009 40units 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%
- 13. up2daterealestate.comCurrent Inventory of Townhomes & Condominiums Number Median Price Days/MktActive 204$539,500102 / 92Contingent 33$379,900122 / 95Pending 69$429,00061/ 36
- 17. up2daterealestate.comAnalysis and ForecastsHomes sales in August (units) fell from their highs in July. However that is not uncommon as the summer selling season takes a breakAs 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 condominiumsThere 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 NovemberIt 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)