Pasadena Home Sales1st Quarter 2013 - Single Family

A look at sales, prices and recent activity

How is the Market?• Are You Buying or Selling a Home?

Low Interest Rates &

Low Inventory

Current Conditions

If You’re Selling

You Can Expect:

• A Quick Sale• Higher Prices• Multiple Offers

If You’re Buying.....

Buying is More Difficult:

• Low Inventory• Very High Competition• Possible Concessions

Monthly Unit Sales - Single FamilyConsistent

Monthly Unit Sales Increases

Prices are IncreasingSteady

Monthly Price Increases vs

Last Year

1st Quarter - Unit Sales

+ 12%

1st Qtr Median PricesIncreased Demand &

Low Interest Rates are having an impact on

Home Prices

What to Expect

• Things are not likely to change for a while• Interest Rates are forecasted to remain low• Inventory is going to be tight• Distressed Property is not expected to hit

the market, banks are not foreclosing• Cash & Offers with high down payments will

be preferred• Fewer Short Sales and Higher Prices due to

competition

RE/MAX Property Concierge

• Contact: Doug Willis• Broker• CA License # 01334541• Phone 626-432-4615