Clearly doing better than others and Altadena is one of them
Pasadena, CA (PRWEB) July 14, 2010
The number of home sales and the average sales price of Altadena homes for sale are on the rise, reports Altadena and Pasadena real estate specialist Shannon J. Miller. The Zillow Home Value Index for Altadena shows that homes values here have risen by 7.6 percent year-over-year.
“We are in the midst of a recession,” says Miller, “but some communities are clearly doing better than others and Altadena is one of them. Apart from its housing market showing signs of recovery, the community and its nearby areas throughout the Los Angeles metro area can also take heart in the fact that the region was included in Forbes magazine’s top ten list of ‘Cities Where the Recession is Easing.’”
Altadena is in unincorporated Los Angeles County, a census-designated place that is only ten minutes north of downtown Pasadena and around half an hour from downtown L.A. The average sales price of a home here in May 2010 was $623,817, a significant increase from May 2009’s $532,026.
“According to Forbes, one of the reasons why the Los Angeles metro area is actually faring better than one would think is the fact that the banking and financing industries here remain strong and the housing market is picking up,” says Miller. “You can certainly see this in Altadena and Pasadena, where both home sales and home prices have been steadily on the rise since the last quarter of 2009.”
A licensed Real Estate Broker and a native of Pasadena, Miller has more than 15 years of experience in the real estate industry. She has a particular expertise in Altadena and Pasadena, CA homes for sale, including Altadena foreclosures. For more information on the real estate market in the region, as well as to view properties that are currently for sale, visit her site, http://www.ShannonJMiller.com.