Experts Say, “Start Planning 60 Days Ahead”
PASADENA HOME SALES STATISTICS FOR SECOND QUARTER 2015 COMPARED WITH THE FIRST QUARTER
In the Second quarter (04/01/2015 to 06/30/2015) 287 vs 194 homes sold on the first quarter. The Minimum Listing Price$374,990 vs $225,000 and Selling Price was $345,000 vs $200,000 with 1 vs 2 bedrooms, 1 vs 1 bath, 643 vs 620 square feet house, and 2869 sq ft lot, and 1 day on market.
Maximum Listing Price $6,488,00 vs $6,950,000 and Selling Price $6,475,500 vs $6,950,000 with 7 vs 5 bedrooms, 7 vs 10 baths, 8909 vs 8644 sq ft home, 55,240 vs 49,586 sq ft lot, and 342 vs 159 days on market.
Average Listing Price $1,035,584 vs $1,042,153 and Selling Price $1,044,311 vs $1,031,692 with 3 vs 3 bedrooms, 2 vs 2.5 baths, 2002 vs 2039 sq ft home, 10433 vs 10936 sq ft lot and 51 vs 67 days on market.
Number of hones sold on that price range: 45 vs 25 from 500K to 600K and 36 vs 31 sales were in the price range of 600K to 700K. From all the sales, 9 were short ales, 5 bank owned aka reo, 2 with notice of default and 5 homes on probate
MORTGAGES AND INTEREST RATE
For a Conventional Loan 30 year fixed it is at 5% with a 5% down payment for purchases with Private mortgage Insurance includes. Fha Loans at 3.75% 30 year fixed with 3.5% down payment
(For information purposes only) There is a 100% loan available for low and medium income families with NO Private Mortgage Insurance subject to qualification. VA Loans are for Veterans, it is a 100% loan, with NO Private Mortgage Insurance.
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