91106 Market Update - October 2023

Pasadena Absorption Rate

• calendar_month 10/28/23
• category Absorption Rates
• post Pasadena

October 2023 at-a-glance Active Listings - 10 Median List Price - $5,315,000 Price Per SqFt (active listings) - $882 # of Homes Sold - 2 Average Time on the Market - 29 Days Median Sold Price - $812,500 Sold Price Per SqFt - $642 Absorption Rate - 20%

Californians Can Buy and Sell ADU Homes Like Condos Thanks to AB 1033

• calendar_month 10/22/23
• category NEWS
• post Current Real Estate

It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...

Absorption Rate Analysis August 2023

A Low Drama Month to Follow a High Drama Year

• calendar_month 09/06/23
• category LA Real Estate
• post Current Real Estate

After a few months of drama, it seems the summer’s absorption rates are going into the fall with a whimper instead of a bang. No record highs for any neighborhoods. No lows either. Compared to previous months, the shifts in position were modest with the exception of one desert community. Can you guess which one? It’s also worth noting that this marks one full year of Absor...

Warner Park Free Summer Concerts

Schedule Announced

• calendar_month 02/11/23
• category Local Events

Summer is the perfect time to get outside and enjoy the beautiful weather, and what better way to do that than by attending a free concert in the park? Outdoor concerts are a staple of summertime and offer a perfect opportunity for families, friends, and music lovers to come together and enjoy live music in a relaxed, laid-back atmosphere. This summer marks the 48th consecutive ye...

Coachella Valley Home Spotlight

The Massive Mansion That Became the Most Expensive Home in the Valley

• calendar_month 02/06/23
• category Design
• post Home Spotlight

All photos: Realtor.com/Coldwell Banker When was the last time you saw a home constructed on a scale comparable to Bob Hope’s Palm Springs home? Or with the same kind of creativity as Lloyd Wright’s Mayan-inspired Sowden House? Or even the convention-defying oddness of the Las Vegas Underground House? You just don’t see ambitious houses like these being ...

Robert Frost

• calendar_month 01/23/23
• category Words to Live By
• post Robert Frost

"The best way out is always through."

Absorption Rate

Learn what this metric is and how it's useful in Real Estate

• calendar_month 10/09/22
• category Real Estate Knowledge

What is an Absorption Rate?  Speaking from the real estate context, an absorption rate offers a percentage illustrating the amount of homes sold over a set period of time. We can use this figure to gauge whether a market is tipped in favor of the buyer or the seller. For simplicity’s sake, we’re going to be reporting the absorption rate on a monthly basis. And how do we find...

HOME TIPS: Avoid Bad Feng Shui in 2021

• calendar_month 09/27/21
• category Home Tips

Modern sellers are using every strategy to gain an advantage over their competitors since more and more homeowners— even real estate agents — are paying closer attention to the little details and use of good feng shui: an ancient Chinese practice that brings balance and harmony with nature to your house. Here are a few ways you can avoid bad feng shui, increase your home’...