- Pasadena August 2009 Home Sales

- Single Family

- Townhomes & Condominiums

- Housing Charts and Graphs

- Analysis Commentary

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Pasadena – All Residential Units

Median Price

2009 $570,000

2008 $572,500

% Change (-) Home prices continue to show monthly gains bouncing off of their January 2009 lows

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Number of Homes Sold- All Residential

2009 123 units

2008 108 units

% Change 14%

Average Days on Marketcurrent days on market / cumulative days on market

2009 73 / 71

2008 74 / 144

% Change -%

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Pasadena – Single Family Units

Median Price

2009 $640,000

2008 $650,000

% Change (1.5%)

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Number of Single Family Homes Sold

2009 83 units

2008 70 units

% Change 18 %

Average Days on Marketcurrent days on market / cumulative days on market

2009 73 / 73

2008 79 / 104

% Change ( 7.5 %)

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Current Inventory of Single Family Homes

Number Median Price Days/Mkt

Active 288 $757,500 110 / 100

Contingent 62 $569,000 117 / 94

Pending 78 $459,450 85 / 51

up2dateTownhomes & Condominiums

Median Price

2009 $465,000

2008 $451,200

% Change 3 %

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Big jump in Condo sales prices as

higher priced units are finally beginning

to sell

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Townhomes & Condominiums

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Number of Units Sold

2009 40 units

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%

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Current Inventory of Townhomes & Condominiums

Number Median Price Days/Mkt

Active 204 $539,500 102 / 92

Contingent 33 $379,900 122 / 95

Pending 69 $429,000 61 / 36

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Oct

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Oct

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Jan

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Jan

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ust

2004 2005 2006 2007 2008

$425,000

$475,000

$525,000

$575,000

$625,000

$675,000

$725,000

$775,000

Pasadena Median Home Prices

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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec $400,000

$425,000

$450,000

$475,000

$500,000

$525,000

$550,000

$575,000

$600,000

$625,000

$650,000

$675,000

$700,000

$725,000

Pasadena Annual Median Home Prices

2004

2005

2006

2007

2008

2009

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Jan

Feb Mar Apr

May Ju

n Jul

Aug Sep Oct

Nov Dec0

50

100

150

200

250 Pasadena Monthly Unit Home Sales

2004 2005 2006 2007 2008 2009

up2date• Analysis and Forecasts

• Homes sales in August (units) fell from their highs in July. However that is not uncommon as the summer selling season takes a break

• As 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 condominiums

• There 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 November

• It 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)

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