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Market Conditions in 91103 : Real Estate Advice

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Activity 1
Fri Sep 12, 2008
Keith Sorem answered:
Noreen
I am going to take issue with one post about the "market being really bad".

In Pasadena, Altadena, San Marino, and South Pasadena there were 155 homes sold in August of 2008. Last year in August of 2007we sold 160 homes. In July of 2008 we sold 150.

So in reality the market is about the same as last year. Market activity is increasing, inventory is lower. Last year we had 866 homes on the market in August, this year 837...but that's only 29 homes difference.

Just my opinion, talk with Irina, the first post. She knows that NOW is actually the time to buy. And she's right about the area also. I'll bet she can find you something in a nicer area.
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