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South Pasadena Real Estate Update

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE#01512696

Heres the market update for South Pasadena Real Estate for this week:

It's a Seller's Market, Here's why:

  • 4 months supply of homes trending
  • 65 Homes available total

# Condos Available: 27

# Single Family Homes Available: 38 - 4 new this week

The 6 month numbers are as follows:

Average Sale Price: $879,891

Median Sale Price: $825,000

Average Days on Market: 56

Average Sale Price to List Price Ratio: 98.74 (anybody want to sell?)

Of Special Note this week: There were 3 price reductions in the single family category, always the more desireable properties compared to condos, and so this reflects the continued strength of the market. 3 homes went into escrow this week. There has been a consistent 4 month supply of homes over the last year in South Pasadena real estate, which shows it's seemingly never ending appeal to homebuyers despite the economy.

Posted by

Lee Bothast, CRS, CCS, CN

2nd Generation Pasadena Area Realtor

International President's Circle, 2017

Coldwell Banker Residential Brokerage

626.533.3929 cel

www.leebothast.com

CalBRE# 01512696

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