Below are the July 2008 home sales figures for Arcadia and a couple surrounding cities.
|
CITY |
HOMES SOLD | MEDIAN PRICE | YOY CHANGE |
| ARCADIA | 76 | $633,000 | -9.57% |
| TEMPLE CITY | 35 | $550,000 | -8.18% |
| MONROVIA | 37 | $488,000 | -9.96% |
| PASADENA | 117 | $510,000 | -23.52% |
| SOUTH PASADENA |
13 | $750,000 | -11.76% |
| SAN MARINO | 14 | $1,191,500 | -22.38% |
**Edit: Added Sierra Madre**
SIERRA MADRE 8 $800,000 -17.95%
Woohoo, SoPas is down 11%, only 40% more to go!
Is the YOY change the Homes sold or the Median Price?
Thanks for the data. How about including Sierra Madre, too, next time?
Added!
$633k for Arcadia? Is this including unincorporated or are buyers able to get sellers down that far. I dont recall seeing a home at that price since the early 2000s. Condo sells must be included in those figures.
This data is inclusive of condos and PUDs for sure. A great deal of homes have sold for $650k-ish over the last 6 months. But they are mostly fixer-uppers, 50-80 years old and borderline Monrovia. $633k for a decent SFR home in Arcadia will happen when the condos and PUDs start hitting $400-500k.
Thank you, Arcadian. Those are high numbers for Sierra Madre.
No problem. I initially left the data out because so little homes were sold. But I guess sierra madre isn’t that big a city to begin with…
Very useful data for these cities from TheArcadian and also very informative presentation by T2 Partners LLC from YuLu. Great jobs.
Just found this. Hope it helps.
http://sastocks.files.wordpress.com/2008/06/t2_partners_presentation_on_the_mortgage_crisis_6_6_08.pdf
Great analysis! I jumped straight to the section titled “How to Profit from this Downturn.”