Ellie Viray, Realtor

July is just around the corner, 6 months have passed in Pasadena Real Estate. Here are single family attached & detached home sold in the first quarter of 2010 reported to I-Tech MLS.

• In January 2010, 27 of 50 closed sales were at list price or over.
• In February 2010, 24 of 47 closed sales were at list price or over.
• In March 2010, 26 of 62 closed sales were at list price or over.

The stats show that in Pasadena Real Estate, the sales are arriving very close to asking price. We have seen many listings receiving multiple offers and sold right after the Broker Open House.

This is "Altadena Fast Fact" for 2/27/2010.

There are 72 Active Listings on the PFAR MLS (single family attached/detached).

Lowest priced active: $229,990 - 2485 Saint Pierre, 2bed, 1 bath

Highest priced active: $2,998,000 - 2217 Crescent Drive, 5 bed, 7 bath

As of 2/1/2010:

• 14 Closed Sales
• 17 Pending Escrow
• 8 Expired Listing
• 3 Cancelled Listing

Checking the MLS today, Altadena market showed:

• 70 Active Listings
• 18 Pendings as of 9/1/2009
• 35 Closed Sale as of 9/1/2009
• Lowest Price Active $249,900 (597 Crosby Street)
• Highest Price Active $3,500,000 (2212 Crescent Drive)
• Lowest Price Sold $205,000 (335 Crosby Street)
• Highest Price Sold $1,500,000 (1533 E. Altadena Drive)

Here are NEW LISTINGS in Altadena (as of 7.27.09). There are some pretty stunning looking homes in the $1,000,000 range.

*Information from Itech MLS, can change w/o notice.

According to recent report from CAR, existing sale of single family homes reported in May showed an increase of 35.2%, while the median home price declined by 30.4%. The statewide median price of an existing single family home increased 4.2% in May.

Statewide Median Home Price May 2009

• Sngle Family Home $267,570
• Condo $236,660

Home prices are affordable for first time home buyers, plus the low mortgage rates and buyer tax credits are bringing many people out into the real estate market. And buyers may not get a chance like this again for a long time.

The 10 cities in California with the highest median home price in May 2009 were:

• Los Altos $1,484,000
• Palo Alto $1,400,000
• Cupertino $965,000
• Santa Barbara $870,750
• danville $785,500
• Los Gatos $769,500
• Santa Monica $740,000
• Arcadia $700,000
• Campbell $691,000