Pasadena June 2009 Home Sales Report
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The document analyzes home sales data from Pasadena in June 2009. It finds that the number of homes sold increased 45% from the previous year overall, and rose 42% and 57% for single family homes and townhomes/condos respectively. The median prices for most categories declined around 9% from 2008 levels. Inventory levels adjusted to a 5.25-5.5 month supply, with homes in escrow remaining high, signaling the turnaround in the housing market seen in previous months continued in June 2009.
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Pasadena June 2009 Home Sales Report
- 4. Housing Charts and Graphs
- 6. up2date realestate.com Pasadena – All Residential Units Median Price 2009 $505,000 2008 $599,000 % Change (15.6%) Very little change in the Median Price compared to May
- 7. up2date realestate.com Number of Homes Sold- All Residential 2009 135 units 2008 93 units % Change 45% Average Days on Market current days on market / cumulative days on market 2009 93/ 177 2008 69 / 183 % Change 34% Big change this month was in unit volume
- 8. up2date realestate.com Pasadena – Single Family Units Median Price 2009 $604,000 2008 $662,500 % Change (9%) Last months Median Price was $555,000, a 9% increase
- 9. up2date realestate.com Number of Single Family Homes Sold 2009 88 units 2008 62 units % Change 42 % Average Days on Market current days on market / cumulative days on market 2009 73 / 159 2008 66 / 144 % Change 10 % Sales of Single Family homes continue to show monthly unit gains
- 10. up2date realestate.com Current Inventory of Single Family Homes Number Median Price Days/Mkt Active 302 $749,500 110 / 102 Contingent 74$620,000 85 / 76 Pending 96$520,45079 / 69
- 11. up2date Townhomes & Condominiums Median Price 2009 $431,000 2008 $475,000 % Change (9%) realestate.com A $53K increase vs last month
- 12. up2date Townhomes & Condominiums realestate.com Number of Units Sold 2009 55 units 2008 35 units % Change 57% Average Days on Market current days on market / cumulative days on market 2009 119 / 186 2008 69 / 227 % Change 72% A 60% increase over last month
- 13. up2date realestate.com Current Inventory of Townhomes & Condominiums Number Median Price Days/Mkt Active 215$523,600 100 / 92 Contingent 50$449,500 100 / 122 Pending 43$425,000 80 / 41 Prices are trending higher
- 17. up2date realestate.com Analysis and Forecasts June appears to be the month that the housing market solidified the turnaround we have been seeing for the last few months Unit sales increased in single family homes and also the townhome/condominium market which had been in a slump Although the overall median price was very consistent with last months we saw more sales of higher priced single family homes Housing inventories have adjusted to between 5.25 and 5.5 months supply Homes in escrow are at very high levels as well, however slightly less that what was indicated at the end of May