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Buying or Selling a home in Pasadena? Wondering about current home values? Arm yourself with the market facts so you will be better informed and know what to expect.
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Pasadena Home Sales1st Quarter 2013 - Single Family
A look at sales, prices and recent activity
How is the Market?• Are You Buying or Selling a Home?
Low Interest Rates &
Low Inventory
Current Conditions
If You’re Selling
You Can Expect:
• A Quick Sale• Higher Prices• Multiple Offers
If You’re Buying.....
Buying is More Difficult:
• Low Inventory• Very High Competition• Possible Concessions
Monthly Unit Sales - Single FamilyConsistent
Monthly Unit Sales Increases
Prices are IncreasingSteady
Monthly Price Increases vs
Last Year
1st Quarter - Unit Sales
+ 12%
1st Qtr Median PricesIncreased Demand &
Low Interest Rates are having an impact on
Home Prices
What to Expect
• Things are not likely to change for a while• Interest Rates are forecasted to remain low• Inventory is going to be tight• Distressed Property is not expected to hit
the market, banks are not foreclosing• Cash & Offers with high down payments will
be preferred• Fewer Short Sales and Higher Prices due to
competition
RE/MAX Property Concierge
• Contact: Doug Willis• Broker• CA License # 01334541• Phone 626-432-4615