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                 realestate.com

up2date Real Estate Market Report for Pasadena

       -March 2009 Home Sales
       -Single Family
       -Townhomes & Condominiums
       -Housing Charts and Graphs
       -Analysis and Commentary
up2date
                       realestate.com

Pasadena – All Residential Units


Median Price
2009             $475,000
2008             $588,750

                                   This months number was
% Change         (19%)              a big increase over last
                                    months median price of
                                            $435,000
up2date
                                  realestate.com

Number of Homes Sold- All Residential
         2009                        98 units
                                                              Good sign for March
         2008                        76 units
         % Change                     28%


Average Days on Market
         current days on market / cumulative days on market

                                                                  Selling times are
         2009                        75 / 118
                                                                 beginning to come
         2008                        57 / 110
                                                                        down
         % Change                       31%
up2date
                      realestate.com

Pasadena – Single Family Units


Median Price
2009            $567,500
2008            $660,000


                                  Huge rebound from
% Change        (14%)
                                 last month’s number
                                      of $470,000
up2date
                                 realestate.com

Number of Single Family Homes Sold
        2009                        58 units
                                                             Increased unit
                                                               activity …..
        2008                        43 units
        % Change                     35 %


Average Days on Market
        current days on market / cumulative days on market

        2009                        51 / 93
                                                             Means fewer days
        2008                        62 / 146
                                                                on market
        % Change                       (17%)
up2date
                                realestate.com

Current Inventory of Single Family Homes


                           Number          Median Price   Days/Mkt
Active                       346             $667,000        95




Contingent                   104             $498,500      68 / 87



Pending                      58              $577,800      76 / 100
up2date
                        realestate.com

Townhomes & Condominiums


    Median Price

    2009           $362,900

    2008           $470,000
                                    Condo/Townhome
                                    prices finally held
    % Change       (23%)
                                     steady month to
                                          month
up2date
                                          realestate.com

Townhomes & Condominiums
  Number of Units Sold
                                                                Almost 2.5 times the
           2009                        41 units                   February volume
           2008                        31 units
           % Change                      32%
  Average Days on Market
           current days on market / cumulative days on market

           2009                        112 /154
           2008                         56 / 71
           % Change                        100%
up2date
                           realestate.com

Current Inventory of Townhomes & Condominiums


                       Number           Median Price   Days/Mkt
Active                   266                $499,975     107


Contingent               40                 $359,500   84 / 139


Pending                  28                 $423,000   97 / 107
                      Prices appear to be
                             rising
up2date
                                      realestate.com
                             Pasadena Annual Median Home Prices

$725,000

$700,000

$675,000
                                                                                          2004
$650,000
                                                                                          2005
$625,000
                                                                                          2006
$600,000
                                                                                          2007
$575,000

                                                                                          2008
$550,000

                                                                                          2009
$525,000

$500,000

$475,000
                               Big February –March increase
$450,000

$425,000

$400,000
           Jan   Feb   Mar    Apr    May    Jun     Jul   Aug     Sep   Oct   Nov   Dec
$425,000
                         $475,000
                                    $525,000
                                               $575,000
                                                          $625,000
                                                                     $675,000
                                                                                $725,000
                                                                                           $775,000
       Jan
       Feb
       Mar
       Apr
       May
       Jun
        Jul




2004
       Aug
       Sep
       Oct
       Nov
       Dec
       Jan
       Feb
       Mar
       Apr
       May
       Jun
        Jul




2005
       Aug
       Sep
       Oct
       Nov
       Dec
       Jan
       Feb
       Mar
       Apr
       May
       Jun
        Jul




2006
       Aug
       Sep
       Oct
       Nov
                                                                                                                                    up2date




       Dec
                                                                                                      Pasadena Median Home Prices




       Jan
       Feb
                                                                                                                                      realestate.com




       Mar
       Apr
       May
       Jun
        Jul
2007



       Aug
       Sep
       Oct
       Nov
       Dec
       Jan
       Feb
       Mar
       Apr
       May
       Jun
        Jul
       Aug
2008




       Sep
       Oct
       Nov
       Dec
       Jan
       Feb
       Mar
up2date
                       realestate.com
             Pasadena Monthly Unit Home Sales

250

200

150

100

 50

  0




      2004    2005        2006         2007     2008   2009
up2date
                                realestate.com

                              Analysis and Forecast
•   March was one of the most positive months we have seen in the last 1.5
    years
•   Unit sales and median prices staged a big rally compared to February ’09
•   Condo/Townhome units which have lagged behind Single Family showed
    big gains
•   Homes in escrow confirm that prices are on the rise
•   Selling times for all properties are decreasing

                                     Outlook
    - Sales numbers for April indicate early market increases
    - News reports out this week say Banks will begin the foreclosure process
    as grace periods and Govt programs have been announced

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Pasadena Homes March up2date Sales Report

  • 1. up2date realestate.com up2date Real Estate Market Report for Pasadena -March 2009 Home Sales -Single Family -Townhomes & Condominiums -Housing Charts and Graphs -Analysis and Commentary
  • 2. up2date realestate.com Pasadena – All Residential Units Median Price 2009 $475,000 2008 $588,750 This months number was % Change (19%) a big increase over last months median price of $435,000
  • 3. up2date realestate.com Number of Homes Sold- All Residential 2009 98 units Good sign for March 2008 76 units % Change 28% Average Days on Market current days on market / cumulative days on market Selling times are 2009 75 / 118 beginning to come 2008 57 / 110 down % Change 31%
  • 4. up2date realestate.com Pasadena – Single Family Units Median Price 2009 $567,500 2008 $660,000 Huge rebound from % Change (14%) last month’s number of $470,000
  • 5. up2date realestate.com Number of Single Family Homes Sold 2009 58 units Increased unit activity ….. 2008 43 units % Change 35 % Average Days on Market current days on market / cumulative days on market 2009 51 / 93 Means fewer days 2008 62 / 146 on market % Change (17%)
  • 6. up2date realestate.com Current Inventory of Single Family Homes Number Median Price Days/Mkt Active 346 $667,000 95 Contingent 104 $498,500 68 / 87 Pending 58 $577,800 76 / 100
  • 7. up2date realestate.com Townhomes & Condominiums Median Price 2009 $362,900 2008 $470,000 Condo/Townhome prices finally held % Change (23%) steady month to month
  • 8. up2date realestate.com Townhomes & Condominiums Number of Units Sold Almost 2.5 times the 2009 41 units February volume 2008 31 units % Change 32% Average Days on Market current days on market / cumulative days on market 2009 112 /154 2008 56 / 71 % Change 100%
  • 9. up2date realestate.com Current Inventory of Townhomes & Condominiums Number Median Price Days/Mkt Active 266 $499,975 107 Contingent 40 $359,500 84 / 139 Pending 28 $423,000 97 / 107 Prices appear to be rising
  • 10. up2date realestate.com Pasadena Annual Median Home Prices $725,000 $700,000 $675,000 2004 $650,000 2005 $625,000 2006 $600,000 2007 $575,000 2008 $550,000 2009 $525,000 $500,000 $475,000 Big February –March increase $450,000 $425,000 $400,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • 11. $425,000 $475,000 $525,000 $575,000 $625,000 $675,000 $725,000 $775,000 Jan Feb Mar Apr May Jun Jul 2004 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2005 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2006 Aug Sep Oct Nov up2date Dec Pasadena Median Home Prices Jan Feb realestate.com Mar Apr May Jun Jul 2007 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2008 Sep Oct Nov Dec Jan Feb Mar
  • 12. up2date realestate.com Pasadena Monthly Unit Home Sales 250 200 150 100 50 0 2004 2005 2006 2007 2008 2009
  • 13. up2date realestate.com Analysis and Forecast • March was one of the most positive months we have seen in the last 1.5 years • Unit sales and median prices staged a big rally compared to February ’09 • Condo/Townhome units which have lagged behind Single Family showed big gains • Homes in escrow confirm that prices are on the rise • Selling times for all properties are decreasing Outlook - Sales numbers for April indicate early market increases - News reports out this week say Banks will begin the foreclosure process as grace periods and Govt programs have been announced