Yesterday I had a someone tell me that it didn't matter what real estate company I worked for, it matters what efforts I'll do for him or her to get their home sold. What do YOU think? Does the reputation of the real estate company or the reputation and representation from the Realtor matter more?
| Date | 11/08 | 12/08 | 1/09 | 2/09 | 3/09 | 4/09 | 5/09 | 6/09 | 7/09 | 8/09 | 9/09 | 10/09 | 11/09 | 12/09 | 1/10 |
| For Sale | 179 | 163 | 140 | 134 | 123 | 90 | 91 | 95 | 89 | 84 | 73 | 65 | 63 | 68 | 63 |
| New Listing | 28 | 38 | 35 | 43 | 41 | 44 | 42 | 52 | 55 | 40 | 43 | 37 | 35 | 28 | 31 |
| Sold | 17 | 25 | 29 | 20 | 20 | 31 | 28 | 31 | 34 | 33 | 33 | 28 | 30 | 44 | 13 |
| Pended | 20 | 27 | 37 | 20 | 26 | 37 | 30 | 35 | 40 | 39 | 29 | 37 | 36 | 25 | 23 |
| Months of Inventory based on Closed Sales | 10.5 | 6.5 | 4.8 | 6.7 | 6.2 | 2.9 | 3.3 | 3.1 | 2.6 | 2.5 | 2.2 | 2.3 | 2.1 | 1.5 | 4.8 |
| Months of Inventory based on Pended Sales | 9.0 | 6.0 | 3.8 | 6.7 | 4.7 | 2.4 | 3.0 | 2.7 | 2.2 | 2.2 | 2.5 | 1.8 | 1.8 | 2.7 | 2.7 |
| Absorption Rate based on Closed Sales | 9.5 | 15.3 | 20.7 | 14.9 | 16.3 | 34.4 | 30.8 | 32.6 | 38.2 | 39.3 | 45.2 | 43.1 | 47.6 | 64.7 | 20.6 |
| Absorption Rate based on Pended Sales | 11.2 | 16.6 | 26.4 | 14.9 | 21.1 | 41.1 | 33.0 | 36.8 | 44.9 | 46.4 | 39.7 | 56.9 | 57.1 | 36.8 | 36.5 |
| Avg. Active Price | 656 | 621 | 621 | 644 | 637 | 749 | 808 | 772 | 844 | 813 | 836 | 767 | 730 | 753 | 880 |
| Avg. Sld Price | 566 | 461 | 534 | 516 | 394 | 396 | 600 | 580 | 537 | 533 | 566 | 551 | 583 | 576 | 404 |
| Avg. Sq. Ft. Price | 327 | 311 | 321 | 330 | 264 | 294 | 318 | 312 | 303 | 321 | 322 | 318 | 313 | 323 | 322 |
| Sold/List Diff. % | 97 | 95 | 96 | 99 | 101 | 101 | 98 | 99 | 98 | 99 | 100 | 100 | 98 | 100 | 100 |
| Sold/Orig LP Diff. % | 92 | 91 | 90 | 96 | 93 | 97 | 97 | 93 | 95 | 93 | 95 | 98 | 93 | 97 | 100 |
| Days on Market | 83 | 72 | 80 | 67 | 84 | 89 | 50 | 81 | 87 | 94 | 58 | 59 | 86 | 56 | 76 |
| Median Price | 430 | 425 | 410 | 442 | 330 | 340 | 450 | 510 | 440 | 485 | 530 | 520 | 542 | 491 | 400 |
| *All reports are published Feb. 2010, based on data available at the end of Jan. 2010. All reports presented are based on data supplied by CARETS. CARETS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by CARETS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. |
It looks like if you want a piece of the Southern California Real Estate Market - but don't have a whole lot of cash - you'll have to "go east young man (or woman)!"
Los Angeles County
Average List Price Median List Price Average Days On Market
Single Family under $600K $357,407 $350,000 104
Single Family over $600K $1,271,195 $899,000 112
Condo/Townhome under $400K $255,224 $250,000 112
Condo/Townhome over $400K $602,774 $525,000 112
Orange County
Single Family under $1M $561,027 $535,000 104
Single Family over $1M $2,724,987 $1,799,000 131
Condo/Townhome under $600K $315,326 $299,900 102
Condo/Townhome over $600K $1,117,344 $895,000 119
Riverside County, CA
Single Family under $700K $270,477 $249,900 118
Single Family over $700K $1,378,965 $999,000 151
Condo/Townhome under $500K $191,459 $170,000 126
Condo/Townhome over $500K N/A N/A N/A
San Bernardino County, CA
Single Family under $700K $280,086 $250,000 110
Single Family over $700K $1,452,017 $1,048,790 128
Condo/Townhome under $450K $215,371 $199,000 121
Condo/Townhome over $450K N/A N/A N/A
Join leaders of the Pasadena area environmental groups in an informal setting and learn about their activities and programs. All are welcome!
On Saturday, September 13th prepare to gather at 4:30pm and listen to informal presentations at 5pm. Then at 6pm you can have a potluck picnic under the oak trees south of the Nature Center at Eaton Canyon Park, 1750 N. Altadena Drive in Pasadena. Bring a dish that serves 6 to 8 people. Beverages, plates and utensils will be provided. For information and to RSVP, contact coordinator Ginny Heringer at 626-793-4727 or ginnyh@ix.netcom.com
Directions to Eaton Canyon Park: from the 210 freeway in Pasadena, take Altadena Drive north about 1.5 miles; about 500 feet after crossing New York Drive, turn right into the park.
On Tuesday, September 2nd at 7pm, the Land Use Committee (a sub-committee of the Altadena Town Council) will meet at the Community Center on Altadena Drive.
One of the items of particular interest that will be on the agenda include the Monte Cedro retirement development that is under construction on the site of the former Scripps Home on El Molino/Calaveras/Alameda.
If you can't make the meeting and would like to find out more about the development (that should be completed in 2012) you can call 626-300-6214 or 866-603-8881 to reserve seating at one of two future events planned on September 9th at 10am at the Women's Cith Club of Pasadena or on September 10th at 10:3am at the University Club of Pasadena. www.montecedro.org
Just FYI...at the September 2nd meeting at the Community Center, also up for discussion is a proposal for the refurbishment and joint use of the tennis courts at Eliot Middle School. The courts have been un-usable for several years.
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