by Kathy Gibson | Aug 5, 2022 | Buying, Market, Neighborhood
Photo by Erda Estremera on Unsplash 5 Essential Tips for Moving to a Big New City Moving to a big city, such as the Los Angeles area or Pasadena can seem daunting. You’ll have to consider living costs, taxes, real estate, making new friends, finding employment, and more. This can be an incredibly stressful, yet also exciting, time of your life. The following tips will help you move to a large new city: 1. Budget for Higher Living Costs Higher living costs are inevitable when you move to a big city. The world’s greatest cities, such as New York City, London, and Los Angeles, come with endless career opportunities but a hefty price tag. The average cost of living in Los Angeles is $1,073 for one person without rent. That’s significantly more than most of the United States. However, you can budget by using apps like Mint, which allows you to manage your spending all from one account. 2. Look for Big City Attractions You’ll find more attractions in a big city than in a small town. Los Angeles, for example, has some of the best tourist attractions in the United States, including the Hollywood Walk of Fame, Griffith Observatory, and Santa Monica Pier. Visiting the city’s best attractions when you first move can make you feel at home. If you’re a sports fan, Los Angeles has some of the best sporting events. For example, take in a game at the famous Dodgers Stadium. Find great rates for Los Angeles Dodgers tickets online. Some online ticket sellers even offer 360-degree virtual in-seat views. 3. Connect at Social Events Moving...
by Kathy Gibson | Mar 23, 2022 | Buying, Market, Neighborhood, Selling
Altadena This week the median list price for a single family home in Altadena, CA 91001 is $1,295,000 Market action index hovering around 81, which is an increase over last month’s market action index of 76. Inventory has increased to 31. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Pasadena This week the median list price for a single family home in Pasadena, CA is $1,901,444. The market action index (MAI) is hovering around 67, which is an increase over last month’s market action index of 63. Inventory has increased to 80. The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their...
by Kathy Gibson | Mar 8, 2022 | Buying, Market, Neighborhood, Selling, Uncategorized
Altadena This week the median list price for Altadena, CA 91001 is $1,250,000. Market Action Index is hovering around 78, which is an increase over last month’s market action index of 76. Inventory has increased to 25. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Pasadena This week the median list price for Pasadena, CA is $1,650,000. The Market Action Index is hovering around 63. This is less than last month’s market action index of 64. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Inventory has increased to...
by Kathy Gibson | Feb 2, 2022 | Market
Pasadena Quarterly Market Insights Report (Micro): Q4 2021 Home sales in greater Pasadena trended down with a 2 percent decline while the average sales price increased by 8 percent to $1.2 million. South Pasadena single-family home sales activity rebounded form last year’s fourth quarter, increasing 28 percent while condo prices there increased 36 percent. Desirable San Marino saw a 40 percent increase in year-over-year single family homes sales activity. The average sales price for that single-family in San Marino rose to $2.7 million. Number of Sales Average Sold Price Days on Market TYPE 2020 2021 %CHANGE 2020 2021 %CHANGE 2020 2021 %CHANGE Alhambra SFR CONDO 57 52 55 41 -3.5% -21.15% $818k $595k $927k $649k 13.4% 9% 26 42 33 35 26.9% -16.7% Altadena SFR CONDO 92 0 92 0 0% N/A $1.18m 0 $1.26m 0 7.4% N/A 30 0 21 0 -30% N/A Pasadena SFR CONDO 264 177 227 166 -14% -6% $1.56m $717k $1.7m $869k 10.5% 21.2% 35 40 31 31 -11.4% -22.5% San Gabriel SFR CONDO 60 20 72 31 20% 55% $980k $618k $1.13m $831k 15.6% 34.4% 20 30 24 30 20% 0% San Marino SFR CONDO 30 0 42 0 40% N/A $2.66m 0 $2.75m 0 3.4% N/A 60 0 50 0 -16.7% N/A South Pasadena SFR CONDO 29 14 37 19 28% 36% $1.84m $887k $1.74m $959k -5.6% 8.2% 24 19 27 18 12.5% -5.3% *Numbers are rounded *Extracted from Compass California Blog. Click here for the original...
by Kathy Gibson | Nov 11, 2021 | Market
Pasadena Quarterly Market Insights Report (Micro): Q3 2021 Home sales activity in Pasadena increased 22 percent compared to last year’s third quarter. Home prices were strong with the average sales price increasing 28 percent to $1.3 million. The average sales price for Pasadena condos hit a 29 percent increase at $923,698. Year-over-year condo sales in Alhambra was quickly rising to 60 percent. Number of Sales Average Sold Price Days on Market TYPE 2020 2021 %CHANGE 2020 2021 %CHANGE 2020 2021 %CHANGE Alhambra SFR CONDO 42 37 56 59 33% 60% $804k $580k $928k $645k 15% 11% 20 37 18 25 -10% -32% Altadena SFR CONDO 92 1 106 1 15% 0% $1.1m $475k $1.4m $689k 25% 45% 26 7 26 40 0% 472% Pasadena SFR CONDO 225 133 244 183 8% 38% $1.4m $717k $1.7m $924k 24% 29% 33 35 26 36 -21% 3% San Gabriel SFR CONDO 71 13 79 27 11% 108% $927k $690k $1.14m $782k 23% 13% 26 29 26 18 0% -38% San Marino SFR CONDO 35 0 41 0 17% N/A $2.2m 0 $3.5m 0 60% N/A 43 0 33 0 -23% N/A South Pasadena SFR CONDO 35 9 42 10 20% 11% $1.6m $818k $1.9m $923k 16% 13% 37 26 21 22 -43% -15% *Numbers are rounded *Extracted from Compass California Blog. Click here for the original...