Here are the only two things you need to know about the real estate market.

1] Interest Rates

Rates as of today, April 7, 2022

• 30 years fixed rate: 4.858%
• 15 years fixed rate:3.859%

If you wanted to buy a house for, say, $800,000
Down payment at 10%: $80,000
Estimated 30-year monthly mortgage payment: $3,732.03

2] What’s for Sale and What’s Been Sold in greater Pasadena

• New on the market in the last two weeks: 93
• Properties in Escrow or Pending in the last two weeks: 60
• Properties Sold in the last two weeks: 66
• Median List Price: $1,337,500

If you want to see properties that are brand-new on the market, here’s a way to be automatically notified…
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For more info or to search for property…AroundTownPasadena.com

 

P.S. Interest rates are moving up faster than anticipated, and buyer demand remains high, so if you are ready to buy (or sell), please call or text me at 626-825-9955 or email at hdefazio@dppre.com and I will tell you how I work for you through the deFazio Experience.

Greater Pasadena includes Altadena, Pasadena, South Pasadena, and LaCanada Flintridge