1. up2date
realestate.com
up2date Real Estate Market Report for Pasadena
-March 2009 Home Sales
-Single Family
-Townhomes & Condominiums
-Housing Charts and Graphs
-Analysis and Commentary
2. up2date
realestate.com
Pasadena – All Residential Units
Median Price
2009 $475,000
2008 $588,750
This months number was
% Change (19%) a big increase over last
months median price of
$435,000
3. up2date
realestate.com
Number of Homes Sold- All Residential
2009 98 units
Good sign for March
2008 76 units
% Change 28%
Average Days on Market
current days on market / cumulative days on market
Selling times are
2009 75 / 118
beginning to come
2008 57 / 110
down
% Change 31%
4. up2date
realestate.com
Pasadena – Single Family Units
Median Price
2009 $567,500
2008 $660,000
Huge rebound from
% Change (14%)
last month’s number
of $470,000
5. up2date
realestate.com
Number of Single Family Homes Sold
2009 58 units
Increased unit
activity …..
2008 43 units
% Change 35 %
Average Days on Market
current days on market / cumulative days on market
2009 51 / 93
Means fewer days
2008 62 / 146
on market
% Change (17%)
6. up2date
realestate.com
Current Inventory of Single Family Homes
Number Median Price Days/Mkt
Active 346 $667,000 95
Contingent 104 $498,500 68 / 87
Pending 58 $577,800 76 / 100
7. up2date
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Townhomes & Condominiums
Median Price
2009 $362,900
2008 $470,000
Condo/Townhome
prices finally held
% Change (23%)
steady month to
month
8. up2date
realestate.com
Townhomes & Condominiums
Number of Units Sold
Almost 2.5 times the
2009 41 units February volume
2008 31 units
% Change 32%
Average Days on Market
current days on market / cumulative days on market
2009 112 /154
2008 56 / 71
% Change 100%
9. up2date
realestate.com
Current Inventory of Townhomes & Condominiums
Number Median Price Days/Mkt
Active 266 $499,975 107
Contingent 40 $359,500 84 / 139
Pending 28 $423,000 97 / 107
Prices appear to be
rising
10. up2date
realestate.com
Pasadena Annual Median Home Prices
$725,000
$700,000
$675,000
2004
$650,000
2005
$625,000
2006
$600,000
2007
$575,000
2008
$550,000
2009
$525,000
$500,000
$475,000
Big February –March increase
$450,000
$425,000
$400,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
11. $425,000
$475,000
$525,000
$575,000
$625,000
$675,000
$725,000
$775,000
Jan
Feb
Mar
Apr
May
Jun
Jul
2004
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
2005
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
2006
Aug
Sep
Oct
Nov
up2date
Dec
Pasadena Median Home Prices
Jan
Feb
realestate.com
Mar
Apr
May
Jun
Jul
2007
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
2008
Sep
Oct
Nov
Dec
Jan
Feb
Mar
12. up2date
realestate.com
Pasadena Monthly Unit Home Sales
250
200
150
100
50
0
2004 2005 2006 2007 2008 2009
13. up2date
realestate.com
Analysis and Forecast
• March was one of the most positive months we have seen in the last 1.5
years
• Unit sales and median prices staged a big rally compared to February ’09
• Condo/Townhome units which have lagged behind Single Family showed
big gains
• Homes in escrow confirm that prices are on the rise
• Selling times for all properties are decreasing
Outlook
- Sales numbers for April indicate early market increases
- News reports out this week say Banks will begin the foreclosure process
as grace periods and Govt programs have been announced