Architectural treasures and real estate for sale in the city of Pasadena, California.
It’s rumored Tesla signed a new lease at 117 West Colorado Boulevard in Pasadena. The luxury electric car maker will occupy 3,000 square feet of space in a pricey retail location, currently housing Starbucks Coffee. The term of the lease is five years. It’s interesting they are only a few blocks from Rusnak Auto Dealerships, […]
We read many articles about the real estate market, and sometimes our eyes glaze over. This stuff is important if you are thinking of buying or selling, but often it’s not easy to make sense, what with numbers, charts, graphs all pointing in different ways and saying something that may be forgotten by the end […]
This time last year, we looked forward to a year where real estate would once again be a positive force, for consumers and the American economy. We think that 2013 has, in large part, lived up to our expectations—perhaps even exceeded them. We hope you agree. November 2013 Two or three months ago we saw […]
Next time you wonder why your HOA fees are increasing, or the amount you will pay if you buy a condo, remember this interesting article in the Wall Street Journal’s Mansion section today. Its entitled “The Climbing Cost of Condo Care”, written by Sanette Tanaka. Tanaka points out that property managers are paying more to […]
The National Association of Realtors publishes results of a survey every month called its Realtor Confidence Index. The Index is based on a 0 – 100 scale, with 50 indicating moderate confidence, zero weak, and 100 strong. The confidence index for single family homes dropped from 69 in August to 60 in September; for townhouses […]
The California real estate market has had a decent performance in 2013 so far. Here is a snapshot of 2013 and some projections for 2014. Next week we will review Pasadena real estate for October. For the first nine months of 2013, California sales of existing single-family detached homes were down 3.2 percent when compared […]
Pending home sales in the U.S declined for the fourth consecutive month in September (and rose in Pasadena), as higher mortgage interest rates and higher home prices curbed buying power, according to the National Association of Realtors®. In addition there was growing insecurity over lawmakers’ inability to agree on a budget and that hurt consumer […]
Pasadena’s list price and sale price trends often differ from the media reports on the national real estate scene. Here’s one of an ongoing series on Pasadena real estate. Prices. What’s for Sale and What’s Been Sold. The median listing price for a home for sale in Pasadena is $640,930 including properties through September 30, […]
Breathe deeply, everyone. You can relax. Take down those signs. It looks like the 710 surface extension plan has finally been buried. No, really. Earlier this month, the California State Senate passed SB 416, a bill sponsored by La Cañada Flintridge Sen. Carol Liu, which will speed up the sale of state-owned land long ear-marked […]
The inventory of existing single-family homes last month would last 3.1 months, the California Assn. of Realtors said Monday. That’s up from 2.9 months in July but down from 3.2 months last year. In our Pasadena community there was an inventory of 1.7 months’ of single-family homes for sale in August, down from 1.8 months […]