A review of home sales and market activity in South Pasadena from January - June 2013, compared to the same period for 2012. Also a look at what the next few months will bring.

1. South
Pasadena
Home Sales….
1st Half 2013
South Pasadena Real Estate
sees high demand in 2nd
Quarter

2. January – June
2013 vs 2012
Jan-June ’13 Jan – June ‘12 % Change
Median price $ 932,500 $ 870,000 + 7%
Units Sold 62 53 + 17%
Single Family
6 mos Year to Date

3. January – March
2013 vs 2012
Jan - Mar ’13 Jan – Mar ‘12 % Change
Median price $ 879,000 $ 883,000 -
Units Sold 21 23 -9%
Single Family
1st Quarter Year To Date

4. April - June
2013 vs 2012
Apr - Jun ’13 Apr - Jun‘12 % Change
Median price $975,000 $790,000
+23 %
Units Sold 41 30 +37 %
Single Family
2nd Quarter Year to Date

5. South Pas Market
Characteristics
 Homes Sold at 103.4% of their asking Price
 Limited Availability of Homes for Sale
 Mortgage Rates were Rock Bottom in the
2nd Quarter
 Improving California Economy
 Distressed Property shortage (banks are
not foreclosing on delinquent
homeowners)
What Has Happened

6. South Pas Market Outlook
 Inventory to remain low
 Interest Rates are Rising but will remain
low by historical standards
 Distressed Property to remain non-existent
 Increasing Median Prices
 Entry price point increasing causing
Condo’s & Townhomes prices to increase
What to Expect

7. Has Your Ship Sailed ?
 There is still time to take
advantage of market
opportunities
 Prices may be higher, but your
home buying dollar is going
further, thanks to lower interest
rates
 As Fall approaches, look for less
competition among home buyers
Have I missed the best time

8. Thinking of Selling ?
 There is still plenty of Momentum
left in this market
 South Pasadena Market is less
volatile and shows demand
inelasticity
 See our “10 Keys to a
Successful Home Sale” to
maximize the value of your
home
Recommendations - Sellers

9. If You Plan to Buy……
Buyer Recommendations
 Multiple offers will still be the
norm
 Work with one real estate agent
and discuss ways to increase the
strength of your offer and how to
get it accepted
 Offer the seller something of
value unique to their situation

10. Home Prices are UP,
Do You know the
New Value of Your HOME?
Call Us Today! 626-432-4615
Doug & Deena Willis
Broker, Owners
RE/MAX Property Concierge
266 Monterey Rd.
South Pasadena, CA
Ph 626-432-4615
CA RE Lic # 01334541 & 01354143