House/condo/townhome prices in the San Gabriel Valley (Pasadena: real estate, foreclosures)

[ZenMaster2008]

Just curious if anyone has any updated information on houses in the San Gabriel Valley? Just wondering what the lower end prices have dropped to. I'm not talking about Pasadena or South Pasadena but other areas where houses/townhomes/condos are cheaper. What can a decent house/townhome/condo be had for nowadays with the prices always falling? I did a search on a realty website and still couldn't find anything but maybe 2 or 3 units under $350k. Perhaps that is still what they are going for but I thought they would have come down by now or perhaps I don't know how to use the Internet very well

[shingo333]

I think it's getting close to your # but slowly. The SGV has been holding strong in comparison to the news describing a massive drop in $ for the Southland. Have you looked in West Covina and Diamond Bar. I think you can find stuff in that price range their.

[Macross21]

Surprisingly many cities such as Alhambra, Monterey Park, San Gabriel, Temple City, Rosemead hasn't really dropped much compared to cities outside the SGV such as in southeast LA county (Downey, Pico, Cerritos, Norwalk) and the south bay (Carson, Redondo, Gardena). Actually a month or two ago San Gabriel reported real estate prices actually going up (see the Pasadena Tribune for the article). The only reasoning I can come up for this could be that these are Asian majority cities and the Asians can continue to buy here to stay close to each other. There's still a ton of new homes still underconstruction within these cities now and there are many planned mix use still underway. There are other cities in the SGV which pricing has dropped significantly such as in Baldwin Park, West Covina, La Puente which are Latino majority.

[laraider]

target el monte is the best option

[Jonah1979]

Look at foreclosures...even in pasadena you can find a nice condo 2/2 in a good area in the mid 300s.