How's the market in Pasadena's San Rafael Hills Real Estate area week ending 8/1/11?

 

San Rafael Hills Real Estate is a Seller’s Market. Here's why:

·     4 months supply of homes trending

·     12 Homes available (1 New this week)

 

The 6 month numbers are as follows:

Average Sale Price: $803,605

Median Sale Price: $812,500

Average Days on Market: 64

Average Sale Price to List Price Ratio: 98.98

 

Of Special Note this week: After a great long vacation, I’m back to update the market in San Rafael Hills! My apologies for all those that were in market update withdrawal. These short term numbers may pale in comparison to the world market news of the last week, however, it’s still good for anyone interested to track what’s happening. We started August in a rather stable position with not much change, although inventory is down a bit from the month ago numbers that were last reported here. There were 2 notable events over the last week, a private sale that closed escrow at $795,000 and one new availability at the bottom of the price range – an as-is sale on Elmwood that also includes an adjacent lot. With 9 in escrow that might be impacted by world news, we’ll have to see what next weeks numbers look like to see how our local market responds in the short term. 

 

That’s the market in Pasadena's San Rafael Hills Real Estate area week ending 8/1/11

Lee Bothast, CN

2nd Generation Pasadena Area Realtor

International Diamond Society 2011

Coldwell Banker Residential Brokerage

626.533.3929 cel

www.leebothast.com

DRE# 01512696

www.241monterey.com - SOLD

www.250cordova.com - SOLD

www.625southorangegrove.com - SOLD

 
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2 Comments on San Rafael Hills Real Estate Market Update for week ending 8/1/11

AUG
08
2011
409,975 Points

Lee-Great market report for San Rafael Hills

The 6 month numbers are as follows:

Average Sale Price: $803,605

Median Sale Price: $812,500

Average Days on Market: 64

Average Sale Price to List Price Ratio: 98.98-WOW!
10:53pm • #1
1 Featured Post Outside Blog

Joseph, how does this compare to your market?
11:03pm • #2


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Lee Bothast

Pasadena, CA

More about me…

Coldwell Banker Residential Brokerage

Address: 2065 Huntington Dr., San Marino, CA, 91108

Office Phone: (626) 685-5204

Cell Phone: (626) 533-3929

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