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.
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