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Archive for September, 2008

3174 Orlando Road, Pasadena, is a great value.  Purchased by a professional home re-habber from a bank in January 2008, the home has been completely renovated, both systems (new electrical, plumbing, windows) and cosmetically (all new kitchen and baths).
Here are the “before” pictures:
        
         
Here is what it looks like now:
       
         
 

 While it [...]

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Who says the real estate market is dead?  Here is this week’s amazing home:
485 South Grand Avenue:  6,083 square feet (if you include the basement game room and wine cellar), 24,345 sq. ft. lot, and located on one of the best streets in Pasadena.  Priced at $4.5 million, or $739/sq.ft.!
The buyer will need a lot [...]

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Three great informative articles about the current real estate market:
Has the housing market hit bottom?
In some areas, foreclosures are increasing, housing inventories are higher than normal, and even well-qualified borrowers cannot receive mortgage loans. Many homeowners and home buyers also are becoming increasingly concerned about when the housing market will reach bottom. Although some areas, [...]

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Here is a great visual of current interest rates, courtesy of Rob Levy, Wells Fargo Mortgage (click on the image to view it larger):

Avon Walk for Breast Cancer
I am proud to let you know that my assistant, Keely, participated in this fundraiser last weekend, completing the 39.3 mile walk and raising over $2,200 for breast [...]

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765 La Mirada Avenue is a beautifully remodelled Spanish revival style home in the Mission District of San Marino.  Featuring a gourmet kitchen, spacious den with lush backyard view, and private balconies, this property is set at a great price of $1,599,000 and should sell quickly.

This Weekend in Pasadena
John Williams Conducts The Orchestras — This Saturday, [...]

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From Yahoo News!, by Rob Lever:
The unprecedented US takeover of struggling mortgage giants Fannie Mae and Freddie Mac offers hope for an easing of the credit and housing crunch while putting the government’s balance sheet on the line, analysts said Monday.
The initial market reaction was overwhelmingly positive to Sunday’s announcement of a government conservatorship — [...]

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Are there really that many foreclosure deals to be had in Pasadena?
I searched Foreclosure.com to find out how many foreclosed homes there are in Pasadena.  Here is what I found:
91106 – 16 foreclosures, of which the majority were condominiums.
91105 – 12 foreclosures.  Seven are in the San Rafael hills neighborhood which saw a lot of [...]

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The kids are finally back in school and, following the traditionally slow Labor Day weekend, the real estate market is back in full swing with lots of new listings in the Pasadena area.
Great Home of the Week:
1554 N. Holliston is a new listing in the Historic Highlands neighborhood of Pasadena.  It has been nicely renovated with [...]

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