Some weeks in real estate are quiet. Others seem to compress several months of activity into a handful of days. The last two weeks have been one of those stretches for Hem-young.
A new property has come to market. Two very different transactions have moved into escrow. Another home is actively seeking a buyer who sees what makes it special.
From a distance, those are just status changes. Up close, they are four very different stories. Together, they offer an unusually good glimpse of what Greater Pasadena real estate activity actually looks like from inside the work.
ALSO — OPEN THIS WEEKEND
2463 Oswego Street #108, Pasadena
OPEN SUNDAY, 10/8 • 2–4 PM
See full details and photos for 2463 Oswego #108
See the full open house details in Saturday’s email.
855 Morada Place: Imagining What Comes Next
At 855 Morada Place in Altadena, Greater Pasadena real estate activity begins with a very different kind of property.
The home that once stood here was lost in the fire. Today, the property offers a serene residential lot filled with mature trees and established landscaping.
Redwood, Norfolk pine, Chinese elm, bird of paradise, bougainvillea, and orange trees fill the land’s tiers, while a backyard rose garden waits to bloom again.
Set on a street where many homes remain intact, and others are in the process of being rebuilt, the grounds invite you to imagine the beautiful possibilities at 855 Morada Place.
The property is offered at $608,000.
The property’s recent history is sad, of course. But there is possibility here too. Sometimes moving forward means finding another home. Sometimes it means creating one.
742 Locust #202: Now in Escrow
We recently introduced 742 Locust Street #202 at The Hudson.
Now it is in escrow.
The residence offers three bedrooms, three baths, and nearly 2,000 square feet of single-level living, with a private elevator opening directly into its foyer, abundant natural light, balcony space, and a private enclosed two-car garage.
Buyer interest moved the property into escrow, and Hem-young’s work with the seller has moved into its next stage.
That is one side of Greater Pasadena real estate activity: understanding what makes a property distinctive, presenting those qualities clearly, and then guiding an accepted offer toward closing.
See 742 Locust #202
1200 N. Michigan: The View From the Buyer’s Side
At 1200 N. Michigan Avenue, Hem-young is on the other side of the transaction.
Here, she represents the buyers. They found a home they wanted, but another buyer wanted it too. That changes the conversation. It is no longer simply, “Do we like this house?”
It becomes, “How much do we want it, what is it worth to us, and how do we put ourselves in the strongest position without losing sight of our own interests?”
Hem-young helped her clients evaluate the opportunity and shape their offer. Their offer was accepted.
The Pasadena home has three bedrooms, one bath and approximately 1,115 square feet. It is now in escrow.
This is another side of Greater Pasadena real estate activity: knowing how to compete when the right home attracts more than one buyer.
See 1200 N. Michigan Ave
Four Properties, One Busy Two Weeks
What stands out to us is not simply that four properties have been moving at once.
It is how different the stories are.
At Morada, the story is land, loss and the possibility of creating something new.
At Oswego, Hem-young continues putting a distinctive Pasadena home directly in front of buyers.
At Locust, buyer interest has moved a seller into escrow.
And at Michigan, Hem-young’s buyers faced competition and succeeded in securing the home they wanted.
That variety is what Greater Pasadena real estate activity looks like when you are actually working inside it.
It also gives Hem-young a useful perspective from both sides of the transaction.
When she represents a seller, she is not guessing about what today’s buyers are thinking. She is also working with buyers, evaluating homes with them and seeing what creates interest, hesitation and action.
When she represents a buyer, she understands what is happening on the listing side too: how sellers evaluate offers, where uncertainty enters a transaction and what can make one offer stand apart from another.
Greater Pasadena real estate activity is not one market experienced one way.
It is dozens of individual decisions happening at the same time.
That perspective helps Hem-young advise a seller about how a home should be positioned and helps a buyer understand when, and how strongly, to act.
If you are considering a move, whether buying, selling or still deciding which direction makes sense, contact Hem-young. She would be glad to talk with you about what she is seeing and how it may apply to your situation.
Sometimes the market looks like numbers.
These last two weeks have been a reminder that behind those numbers are people deciding what comes next.
Hem-young deFazio
The deFazio Experience at Compass
DRE# 00975285 – REALTOR®, ABR
626-825-5599
Nearly 700 properties sold
Clients consistently rate her 4.9 out of 5 stars
Six multi-unit projects sold for $94,500,000*
98% of her listings closed escrow
*This figure is based on an average sale price.
