Owner: Up2date URL:http://www.up2daterealestate.com Join Date: Mon, 21 Apr 2008 04:17:10 -0500 Rating:0 Site Description: A real estate blog featuring editorials, market stats, opinions and everyday musings about the overall market and more specifically, Pasadena, California. Site statistics:Click here
Pasadena California Residential Real Estate, 1st Quarter Recap 2008-04-17 19:10:19 Earlier this week we reported on the Pasadena
real estate market and the sales numbers for March.
Two things are quite obvious; unit sales are off by about 50% across the board. This seems to be true in LA County as well as California
. And secondly, inventory levels of homes listed for sale are at [...] Read more:Estate
, Recap
Pasadena California Real Estate Market Update for March ‘08 2008-04-14 20:08:42 If you have a property for sale and have been hopeful the market would begin to turnaround and show some signs of life, the March
sales results will likely disappoint you. We have yet to see any sign that home buyers are returning to the market, choosing instead to wait and see if prices fall [...] Read more:California
, Estate
, Market
, Pasadena
, Real Estate
, Update
Pasadena California’s Eco House Perspectives 2008-04-13 17:47:09 Rarely does home building generate much interest. It has become so commonplace, so routine. But then again, when has home building had anything exciting to really talk about?
The Pasadena
Eco House
has so many innovative new features and construction methods. The only thing noticeably absent is “traditional”. Many other industries are beginning to break the [...] Read more:California
Pasadena Residential Income Real Estate Report 2008-04-10 15:39:22 It is no surprise that the sluggish housing market is also having an impact on real estate that is purchased and held for investment. A few years ago everyone was a wannabe real estate investor, because real estate was the road to quick wealth and cocktail party conversation was dominated by how much our houses [...] Read more:Estate
, Income
, Pasadena
Mirrror Mirror on the Wall, What is the Fairest Appraisal of All 2008-04-07 19:48:50 Imagine if you were given the winning numbers to the Super Lotto drawing on Friday one day ahead of the drawing. Or if you suddenly had access to the victorious teams and point spreads on Saturday, the day before the football games take place on Sunday. How do you think you would do? My guess [...] Read more:Appraisal
Is the Seller Motivated? 2008-04-01 19:17:31 Could you define motivated?
I get this question all of the time from other Pasadena realtors about properties we have listed for sale. My response to a generic question that has many meanings and no answers is to counter a question with a question, tit for tat, “What do you mean”?
Anyone who asks this question is [...] Read more:Seller
Pasadena California Real Estate, a 5 Year Summary 2008-03-27 22:03:59 There has been much talk and speculation about the housing market and what is happening to home values. And while we understand that prices rose dramatically in Pasadena
during the last few years, it has been much harder to actually pinpoint where we stand today and what is likely to happen in the next few [...] Read more:California
, Estate
, Real Estate
, Summary
We Salute You, Real Estate Agent of Genius 2008-03-24 23:43:13 Occasionally I will see something that looks a little outrageous and decide to bring it to your attention. Maybe you agree with me or maybe you don’t. This weeks offering has to do with this picture. This photo was actually used in a listing photo of a house for sale with the caption “wine cellar”. [...] Read more:Agent
, Estate
, Real Estate
, Real Estate Agent
, Salute
The Pasadena Eco House, a Home Search Story 2008-03-18 23:51:08 If you have happen to be in the market to buy a house chances are you have a good idea of what your looking for or then again maybe you don’t. The good thing about Pasadena
is that there are many styles available to meet the demands of today’s home buyer’s. If your looking for [...] Read more:House
, Search
Show Me the Bottom 2008-04-21 18:13:40 With Pasadena home sales now taking in excess of 100 days to sell and selling at 95% of their asking price, price reductions have become commonplace. Houses are no longer stigmatized by being on the market and “For Sale” up to 4-6 months. Home sellers have now added the word “patience” to their vocabulary. Appointments [...] Read more:Bottom
Altadena Real Estate 1st Quarter Recap 2008-04-22 19:07:02 Sales of homes in Altadena from January through March are exhibiting about the same results we are seeing in Pasadena. In other words, Altadena is selling fewer homes, at lower prices and its taking them longer to sell.
photo courtesy of Frank Keeney of unwiredadventures.com
Altadena currently has about 210 residential properties that are listed for [...] Read more:Estate
, Recap
South Pasadena Real Estate 1st Quarter Sales Results 2008-04-24 19:00:35 South Pasadena
’s once hyperactive real estate market is experiencing the same anemic sales results as Pasadena and Altadena. The western edge of the San Gabriel Valley supports the latest trends in residential real estate with unit sales down 50%, and a median price decline of about 6%.
South Pasadena real estate sales results do indicate that [...] Read more:Estate
, Real Estate
, Sales
, South
Pasadena Real Estate Investment Trifecta? 2008-04-25 13:59:00 We’ve all heard the real estate success stories when people purchased an investment home at a low price and then were flabbergasted at the 5 or 6 digit appreciation they realized when they sold it a few years later. Everyday in the news, we hear or read about our country’s current economic slowdown, triggering a [...] Read more:Estate
, Pasadena
The 6% Pasadena Real Estate Sales Commission 2008-04-29 13:16:59 Home buyers are scarce and hard to find these days. The word is they soon may be declared an endangered species, by the local Realtor Association if home sales don’t increase soon. As inventory levels increase, many real estate agents will inform clients that they must increase the amount of commission offered on your property. [...] Read more:Commission
, Estate
, Pasadena
, Sales
Reforming the Housing Market, Where’s The Beef? 2008-05-06 16:32:03 As foreclosures increase and housing sales and values continue to decline its time to ask ourselves, “Where’s The Beef”? So far we have had a tremendous amount of proposals and opinions from our Presidential candidates, plus we have a government that’s intent on applying band aids to a patient that many perceive is already on [...] Read more:Housing
, Market
Pasadena California Housing Market Update 2008-05-08 23:56:25 Attempting to define the Pasadena
real estate market is akin to watching air run through a clear tube. You know its moving, you just can’t see it. I think that is what we are experiencing right now with Pasadena home sales. Conversations with other brokers and escrow agents indicate that there could be a small [...] Read more:California
, Housing
, Market
, Update
Pasadena California Real Estate April Recap 2008-05-13 13:25:50 The Pasadena
real estate market may be getting a pulse. After sales declines of 50% for the last three months, sales continued to decline but unit sales were of by a mere 28%, compared to April
‘07. Compared to last month, unit sales increased from 38 to 51 units or 34%. Looking at some other [...] Read more:California
, Estate
, Real Estate
, Recap
The Home Inspection, Who Inspects the Inspector? 2008-05-12 11:59:13 A home inspection in Pasadena is considered a necessary component of the home buying process. Although not legally required, it is standard practice to contract with a home inspector after the purchase agreement has been signed. In our arsenal of reports and disclosures, there is a form that informs a buyer that having a home [...] Read more:Inspection
, Inspector
Real Estate’s Condo_undrum 2008-05-19 22:43:31 With a little over 8 months of inventory on hand and more projects on the way, we have to ask the question;
Are Pasadena Condo
and Townhome Prices out of Sync with the Market?
Townhomes and condominiums offer many wonderful advantages to a single family house. That is of course you consider the amenities they offer an [...] Read more:Estate
, Real Estate
Pasadena Condominium & Townhome Building Boom 2008-05-21 18:30:04 Looking at all of the new construction projects in town you would never guess that Pasadena
real estate is experiencing a slow down. If you have made the decision to purchase a condominium or townhome then take your seat front and center. The catbird seat. You have many options these days. No matter what you [...] Read more:Building
Will Real Estate Find its Mojo? 2008-05-26 22:53:01 Mother nature unleashes its fury in the form of forest fires, tornados, hurricanes and earthquakes. Certain things can be done to minimize the damage and reduce the risk of destruction. However the extent to which you may suffer a loss is beyond your control. To a lesser degree, an economic disaster is occurring in the [...] Read more:Estate
Government Involvement in the Sale of Your Property 2008-05-30 19:17:18 The California Residential Purchase Agreement states that “the property is sold in its present physical condition, as of the date of acceptance, subject to Buyer’s investigation rights” or what others commonly refer to “AS IS”
As a real estate broker, I have a tremendous amount of respect for the California Association of Realtors or CAR. They [...] Read more:Government
Pasadena Eco House To Break Ground 2008-05-29 20:49:41 The highly awaited and much anticipated ground breaking for the Pasadena
Eco House
is now confirmed. The date has been scheduled for June 11, 2008. This house which is expected to be the only Platinum Certified LEED home in the area will utilize several new and innovative technologies designed to save and conserve our natural [...] Read more:Break
Pasadena California Real Estate and It’s Environmental Impact 2008-06-02 22:24:05 If you are in the process of purchasing Pasadena
real estate, there is an excellent chance that your property will be inspected by a city employee who will complete a 6 page form appropriately entitled “Housing Inspection Report”. Responsibility of the report and its findings can be negotiated through the purchase agreement. There are several [...] Read more:California
, Estate
, Real Estate
Pasadena Real Estate Broker Announces the Secret, Mankind to Benefit 2008-06-06 13:06:54 The content of this article may be the key to your future prosperity. For it holds the key to what so many have searched before. The text is not based upon hearsay, not based on opinion, but rather predicated on actual data. In these days when everyone has an opinion on the anemic housing market [...] Read more:Broker
, Estate
, Pasadena
Pricing Your Home to Sell, an Artful Science 2008-06-09 22:36:04 Pricing your Pasadena home correctly is the critical first step to a successful transaction. Last week I provided solid evidence in a post regarding the Pasadena Real Estate Secret, that if you price your home properly you will (1) sell it in much less time and (2) maximize the value, by selling it for more [...] Read more:Pricing
, Science
Pasadena Real Estate, May Sales Report 2008-06-11 13:45:06 May was an exciting month with the Phoenix Mars Lander arriving on the Red Planet. Its goal is to look for signs of life. Was there water on Mars? If the Mars Lander somehow became misguided and landed in the San Gabriel Valley, would it find signs of life in the Pasadena
Real Estate
market?
There [...] Read more:Sales
Pasadena Eco House Breaks Ground 2008-06-12 13:40:12 Construction sites are common throughout the City of Pasadena
. When the function is attended by the Mayor, Pasadena city officials and Channel 7 KABC, it makes for a special event.
The event was held on Wednesday afternoon at 2:00pm and was introduced by Deena Willis, an associate broker with Assist 2 Sell in Pasadena and [...] Read more:House
Pasadena’s Sidewalk Ordinance, Will that be Cash or Credit Card? 2008-06-17 12:37:20 Imagine this scenario: You have listed your home for sale and understand the market has been slow. There are many other Pasadena
homes for sale in your area. However a buyer loved your home and made a quick offer that was accepted. Escrow has been opened. The Pasadena City Occupancy inspection has been ordered, but [...] Read more:Credit Card
, Sidewalk
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