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National Real Estate Market Trends . . . How Do We Compare in Pasadena, Sierra Madre, San Marino, San Gabriel, Alhambra and Temple City?

I hope you all had a nice holiday weekend . . . how national home prices fared we won’t know for a bit, but we did get some numbers for March. Prices have fallen over 14% from last year, reports the S&P/Case-Shiller Home Price Index:


“There are very few silver linings that one can see in the data,” says David Blitzer, chairman of S&P’s index committee. “Most of the nation appears to remain on a downward path.”

In the index’s 10 major metropolitan areas, prices fell 2.4% from February to March and 15% year over year. As per usual, Las Vegas was the ugly duckling – prices down 26% in the last year. Additionally, new home sales plunged 42% in April, year over year, but were actually up 3% from March: the first new home sales up-tick in six months.

So what happened over the same time period in Pasadena? South Pasadena? San Marino? Sierra Madre? San Gabriel? Alhambra? Temple City?

Stay tuned . . . these market reports will be filtering out in the next couple of days!

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