July 17, 2008

Pasadena Real Estate Update and Tips for Buyers

Ah, Pasadena: Early evenings at the Paseo, the Rose Bowl, and data-hungry home-buyers.

Last night Redfin had our first Red Carpet Event at the Westin Pasadena. Redfin CEO Glenn Kelman presented about home prices and the state of foreclosures around Pasadena, as well as tips for touring, negotiating, and generally being a savvy home-buyer. Following a host of buyer questions, people broke into little groups eating tasty snacks and talking local real estate. For those of you who missed it, the slides are here.

On the forums, folks were asking for a class outside of Pasadena. We’ll look at doing one downtown or West LA soon. Next Wednesday, there’s a class in Huntington Beach, and then on July 30th in Carlsbad. You can find the schedule and RSVP on our site.

Until then, here’s some data on Pasadena real estate to tide you over:

Pasadena Houses Sold From April 15 to July 15, 2008

Note: One $2m + transaction in Pasadena NW skewed the average price in that area high.

Area	# Deals	Final v. List	Average Price
Glendale-Chevy Chase/E. Glen Oaks houses	6	99.4%	$635,333
Glendale-Northwest houses	10	100.9%	$529,290
Glendale-South of 134 Fwy houses	5	93.4%	$529,500
La Crescenta/Glendale/Montrose & Annex houses	4	96.3%	$520,750
Pasadena NE houses	4	96.9%	$510,225
Pasadena NW houses	3	97.9%	$1,081,667
Pasadena SW and SE houses	7	91.3%	$867,000
Rossmoyne & Verdugo Woodlands houses	6	96.2%	$871,000

Pasadena Condos Sold from April 15 to July 15, 2008

Area	# Deals	Final v. List	Average Price
Glendale-Northwest condos	12	92.0%	$341,908
Glendale-South of 134 Fwy condos	9	108.9%	$399,011
Pasadena condos	8	97.4%	$504,750

Photo credit: rappensuncle’s on Flickr.

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