Pasadena, CA Real Estate News

The , composed of Pasadena, Altadena, South Pasadena, and San Marino   Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market. September marks the eighth month in a row that the Market Index has increased to 0.32.  A year ago it was 0.26.   New Listings In September 244 new listings, compared to 156 in August, last year there were 230.   Pending Ratio New homes entering escrow are indicators of future sales.  This month we had 0.46, compared  with last year’s 0.18.   Listing Inventory      This month 761, in August 837, and last year 730.   Sold Listings In September132 homes sold, compared to August 155, and in 2007 sales of 87.   Average Sales Price The average this year was $830,283, down 33.5% fro...
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By Dawn Rickabaugh, Note Queen
(Dawn Rickabaugh (Note Queen) Owner Financing Consultant)
It's my privilege to speak to the agents at Keller Williams in Pasadena this Friday. The management is very supportive of every possible strategy to help their agents earn more commissions. KW is one of the most supportive and progressive real estate companies I've seen so far. Let's face it . . . the Real Estate "Warrior" of today needs more tools to get transactions closed. Having an open mind, some flexibility, and learning a little about seller financing and real estate notes can get your escrows closed, and give your seller what they need most. Do you have a seller stuck on price? What if you could show them how to get their price by offering terms? Is your listing getting ready to expire? What if you knew how to approach your seller about carrying paper? Do you know people who won...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
South Lake Avenue in Pasadena stretches from Colorado Boulevard at its northernmost end and winds all the way through Shoppers Lane before culminating at California Boulevard.  There's no longer a real lake near this 10 block shopping district packed with hundreds of shops, restaurants and offices.  The lake dried up long ago. South Lake Avenue's rich shopping heritage was born in the late 1940s with a department store built to look and feel like a country club.   Bullocks, now Macy's (currently under construction though December 2008) became the foundation of South Lake Avenue's reputation as a cosmopolitan shopping destination.  More department stores followed, making the area one of Pasadena's finest shopping districts. Today, antique English phone booths complete the district's Euro...
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By Doug Willis
(RE/MAX Property Concierge)
Anytime your work is recognized is recognized by your peers is an affirmation of a job well done, Anytime your experience is cited with a reference in a National news organization is confirmation that your knowledge and experience provides you with a level of authority, indicating that you have a special status in your area of expertise. Deena Willis is a contributing editor of a Pasadena Real Estate Blog, and has also recently just obtained her Eco Broker certification. She was recently interviewed about her knowledge of Energy Ratings and Green Homes, by a reporter for MSN and an article which featured "5 Tip-Offs That Your Home is an Energy Hog" Contributing to her understanding of home energy audits was the fact that she had a home energy rating completed on her own house. With the ...
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By Doug Willis
(RE/MAX Property Concierge)
The month of August has typically began the end of the summer selling season. However this August has been anything but typical. As a matter of fact, the real estate market for the last couple of years has been anything but typical. As we report the Pasadena home sales for the month of August we begin to see a couple of developments taking shape, one positive and one negative. On the positive side, unit sales for the July-August period are the highest they have been all year. Could the fact that median home prices continue to fall have something to do with that? Median prices took one of the biggest monthly declines that we have seen in the last several months. As banks continue to deal with repossessed inventory, the market for homes in the high $300's and low $400's has reestablished,...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
A luxurious way of living is coming to Pasadena This evening, I attended the grand opening of the Granite Park luxury private residence sales office in Pasadena.  Many Pasadena real estate agents visited the sales office to get an inside look at the urban living, luxury condos being built on the corner of Lake and California. Pasadena's Granite Park will offer 71 exclusive private residences with two to three bedrooms.  Each one of these luxury Pasadena condos will have a large private terrace, some as large as 1,400 sq. ft.  Each luxury residence is unique and no two are alike. These exclusive private residences will feature: Concierge Services with 24 hour security Viking Professional Series Appliances - and boy were they beautiful! Premium Kohler fixtures Secure Underground side-by-s...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
Million Dollar Pasadena Luxury Homes List My friend and one of the top realtors in Miami Beach luxury real estate market place, Ines Hegedus Garcia does a fabulous monthly post focusing on Million dollar luxury homes.  Following in Ines's footsteps, Pasadena Real Estate blog will be doing a monthly post featuring Pasadena luxury properties.  So without further ado, here's the August Million Dollar Sales for Pasadena. Currently there are 94 Pasadena single family properties currently listed for $1,000,000 or above. The highest listing is for $19,000,000 in the beautiful Oak Knoll neighborhood of Pasadena.  Located at 2 Oak Knoll Terrace next to Langham Pasadena Hotel (formerly Pasadena Ritz Carlton.) The lowest listing over $1,000,000 is listed for $1,058,000 - a 3 bedroom/3 bath home in...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
Tuesday, September 23, 2008The PFAR Charitable Foundation proudly presents its 17th annual "A Taste of Old Pasadena." Sample your way through Old Pasadena's finest restaurants on a walking taste tour! Each participating restaurant will provide maps to guide you on your tour - or you may simply follow the signs conveniently placed in front of the establishments. Date: Tuesday, September 23, 2008 Time: 5:30 pm to 9:00 pm Cost: $25 per ticket All proceeds go to local charities and Pasadena Foothill Association of Realtors scholarships. Tickets will be made available at the PFAR office at 1070 E. Green Street, Suite# 100Pasadena, CA  91106. For more information, please call 626-795-2455. This is one  of the most fun ways to experience Old Town.  Every year, more and more restaurants partic...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
What makes a craftsman bungalow so special? I was just reading Petrea Burchard's post about a Pasadena bungalow that she photographed and was reflecting on the fascination that many of us have over these beautiful bungalows that make Pasadena so special. What draws us to these homes?  Is it because they were so affordable and yet so beautiful?  Most of the homes in the Bungalow Heaven historic landmark district literally came out of the box.  In the early 1900s, you could buy a bungalow kit from Sears Roebuck if you lived on the East coast or on the West coast from The Ready Cut Bungalow Company.  These bungalow kit homes were priced from as little as $650.  Of course, the owners needed to throw in an extra $150 towards plumbing fixtures and a lot of sweat labor. Or, is it because a lot...
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By Linda S. Lane
(Dilbeck Real Estate Real Living)
Join leaders of the Pasadena area environmental groups in an informal setting and learn about their activities and programs. All are welcome! On Saturday, September 13th prepare to gather at 4:30pm and listen to informal presentations at 5pm. Then at 6pm you can have a potluck picnic under the oak trees south of the Nature Center at Eaton Canyon Park, 1750 N. Altadena Drive in Pasadena.  Bring a dish that serves 6 to 8 people. Beverages, plates and utensils will be provided. For information and to RSVP, contact coordinator Ginny Heringer at 626-793-4727 or ginnyh@ix.netcom.com Directions to Eaton Canyon Park: from the 210 freeway in Pasadena, take Altadena Drive north about 1.5 miles; about 500 feet after crossing New York Drive, turn right into the park.
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
HISTORIC HIGHLANDS   In late 2007, city of Pasadena has unanimously approved Historic Highlands as a Landmark Distirct.  It's about time since this area has some of the most beautiful craftsman homes in Pasadena. Historic Highlands Neighborhood website has this to share about the Historic Highlands history: What is known today as the Historic Highlands encompasses the estates and land holdings of two prominent Pasadena pioneers:  David MacPherson, former Santa Fe Railroad design engineer of the famed Mt. Lowe railroad; Ezra Dane, an orchardist who settled here in 1883.Ezra Dane crossed the plains from Massachusetts sometime between 1849 and 1852 and settled in Sonora County in Northern California where he became a prosperous farmer.  Driven from the area by an out break of malaria in th...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
In the previous post, Sell Your Pasadena Home in 30 Days or Less, we discussed the basic formula for selling your home.  There are three parts to your selling success: Preparing your Pasadena home for sale. Determining a price for your home. Deciding how to market your Pasadena home. Today, I wanted to go into a bit more detail on the type of marketing and advertisement methods that are available in today's Pasadena real estate market. We talked about the importance of bringing "eye balls" to see your home.  Exposure is of utmost importance in getting the highest possible price for your home and selling it in record time.  The more people that see your home, the more opportunity you have in selling it well. To fully market your home today, it is imperative that you put the power of the ...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
There's really no secret to selling your Pasadena home.  Experienced Pasadena real estate agents will tell you that it's all about following a specific series of steps or a proven formula that is absolutely proven to be successful. Here are your "Selling Your Home" formula ingredients Prepare your Pasadena Home for sale: Before you consider advertising or marketing your Pasadena home, you need to make sure that it's in market ready condition.  That involves several steps: Go through each room of your house and be honest with yourself about the items that need to be repaired or replaced.  Come on... you know what I mean... Order a pre-inspection by a California licensed real estate home inspector.  You can get a list of Inspectors from CREIA , California Real Estate Inspection Associatio...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
This Friday and every Friday through the end of August, make your way over to Pasadena's Colorado Paseo.  Join the fun with Dancing Under the Stars.  It's FREE and it's FUN!!! Aug 30, 2008 6:30 PM - 9:30 PM Paseo Colorado 280 East Colorado BoulevardPasadena,CA,91101 FREE   Friday 07/11/08 to Friday 08/29/08 Where: Paseo Colorado280 East Colorado BoulevardPasadena,CA,91101 Price: FREE Repeats Weekly on Friday FREE DANCE LESSONS ARE PROVIDED!!!!  What else can you be waiting for!!! If summer park concerts are more your style, then click on the link below! HAVE FUN!!! CLICK HERE FOR A LIST OF ALL LOCAL SUMMER CONCERT SERIES Posted By: Irina Netchaev - Pasadena California Real Estate Agent - Irina Netchaev & Associates.  Irina and her Team of Real Estate experts work in the beautiful Keller...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
Summer is about being outdoors, enjoying activities with friends and family and of course, heading over to your favorite park for a concert.  If that concert is free, well... that's even better. PASADENA, CA Location:  Levitt Pavillion, 87 North Raymond Avenue #250, Pasadena Call                     626-683-3230              August 1 8 pm Celtic Spirit (World Rhythms) August 2 8 pm Rolando Morales (Musica Latina) August 3 7 pm Billy Mitchell (Jazz Night) August 6 Circus Night (Children's Entertainment) August 7 7:30 pm Lisa Haley (American Music) August 8 Smader  Levi (World Rhythm) August 9 8 pm Nocy (Musica Latina) August 13  7 pm Steve Songs (Children's Entertainment) August 14  7:30 pm Stone Honey (American Music)  August 15  8 pm Tidawt (World Rhythms)  August 16  8 pm Los Pinguos ...
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By Tracy King, Tracy King
(Teles Properties)
Constant readers know I am the King of Eagle Rock, but my real estate license is good in the state of California, and I have sold a lot of real estate all over Northeast Los Angeles and the western end of the San Gabriel Valley including Altadena and Pasadena in my 18 years as a Realtor. Last week, I co-listed a terrific property at 3150 San Pasqual Street, Pasadena, for $1,875,000. We priced this to sell, not to market. We had 121 Realtors attend the Broker's Caravan last Thursday and 112 people attended the public open house last Sunday. We were given a good offer after the Realtor caravan and after a bit of negotiation came to a mutually acceptable agreement by the end of the open house. Wow, this sounds like the activity of the good old days, doesn't it? Here's the deal: we had sell...
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By Keller Williams
(Keller Williams Realty)
One of the most important trends in the current real estate market is creative financing.  Creative financing involves borrowing money from sources other than institutional lenders and banks.  Buyers have used it in past market downturns when bank financing became less desirable.  The most common form of creative financing is seller financing, in which the seller lends some or all of the money to the buyer.  And then because most home sellers don't want to be lenders, they sell the loan to an investor who does want to lend money and actually receive payments. Here's how it might work... Joe is selling a home for $500,000, but isn't finding many buyers.  Mike is interested in Joe's home, but doesn't have the 20% down he needs for a down payment, which he's required to have because his jo...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
If you are living in Pasadena California or are thinking about relocating to Pasadena, you've come to the right place.  This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for Pasadena California.  Bookmark this page and visit it each month to see how Pasadena homes, condos and townhomes are faring in today's real estate market. If you are already a Pasadena homeowner and would like to get a monthly email sent to you with real estate activity around your Pasadena home, please click here and order your real estate monthly market report.  You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list. If you a...
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By Doug Willis
(RE/MAX Property Concierge)
The Pasadena housing market continues to hobble on one leg. While this strategy seems to work well for Tiger Woods, and the manner in which he won the US Open It does not bode well if you are a property owner attempting to sell a house. June home sales continue to confirm what we have seen year to date with (1) fewer home's being sold (2) a continuing decline in the median sales price. June's median price was $700,000, compared to $790,000 last year, a decline of 11.3%. Compared to Pasadena's median home price last month of $760,000, prices declined 7.9%. June is normally a strong month for housing as evidenced by last years median price of $790,000 for May and June. The fact that we experienced further declines this past month  is a good indicator the housiing market continues to softe...
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