Pasadena CA Real Estate

I am meeting with a Duarte home seller this morning.  In preparation for the meeting or as we in real estate call a listing presentation, I looked at statistical data for real estate market performance in Duarte from 2003 and 2005.

Honestly, there were no major surprises.  When comparing Duarte’s real estate performance to Pasadena, San Marino and South Pasadena, the trends are very similar:

The home sale volume dropped significantly over the last couple of years:

An almost 50% decline in the volume of Duarte home sales from 2006 to 2008.

The most significant Duarte home price increases took place between 2003 and 2005.

The MAJOR difference between Duarte and its neighboring cities to the West is that the down-trending in home sales prices is more significant and home prices are still on the decline. 

Duarte home prices moved down 16% in 2008 from 2007 and almost 20% over the last two years.

READ MORE: Pasadena Real Estate Market Review 2003-2008
South Pasadena Real Estate Market Review 2003-2008
San Marino Real Estate Market Review 2003-2008

Here’s Duarte California real estate data of sold homes for 2003 to 2008 for your review:

Notice that the year ended with home sales closing at $305 per square foot.  The last month of December 2008 ended at $283 per square foot – 8% lower than the average home price sold of last year.  Not a good trend for Duarte home sellers, but a great opportunity for Duarte home buyers.

Duarte Real Estate Market statistics for December 2008:

Currently, there are 61 houses available for purchase in Duarte California.

See all Duarte California homes for sale below:

Posted by Irina Netchaev, Real Estate Agent.

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