South Pasadena Market Report - Condos/Townhomes/Lofts -- Oh My!
March/1st Quarter 2012 Report
Buster’s on Mission Street
notice the shadow from the railroad crossing?
ideally located across from the Mission Street Gold Line Station and Thursday Farmer’s Market
South Pasadena is not a suburb of Pasadena but its own separate city. You got that! Its own school district(and highly acclaimed it might be added), its own parks and recreation program, well-regarded library, its own Thursday farmer’s market near the Gold Line station, unique stores and restaurants and miles of tree-lined streets of character homes from smaller cottages to grand estates. All snarkiness(is that a word) aside - what if you are looking for a condominium, townhouse or loft in “Tree City”? Yes, you can find it in South Pasadena. While inventory in this category remains limited - working with the right Realtor(hint hint) you may hear of something before it hits the market.
Mission Meridian Village
Lofts, Condos, Townhomes and Three Patio Homes
Here’s the report for South Pasadena in the condominium, townhouse and loft category for the month of March and first quarter of 2012:
Monthly sales for March 2012: 3
Price range for sales: $351,000 to $551,000
Average sales price: $480,667
Median sales price: $538,000
Currently available for sale: 10
Range in price: $279,900 to $669,000
Number in escrow : 4
Range in price: $288,000 to $749,000
Monthly sales for March 2011: 4
Price range for sales: $287,000 to $430,000
Average sales price: $364,250
Median sales price: $370,000
Station Lofts
First quarter results 2012: 13
Price range for sales: $289,000 to $715,000
Average sales price: $478,538
Median sales price: $485,000
First quarter results 2011: 18
Price range for sales: $287,000 to $618,000
Average sales price: $404,028
Median sales price: $368,500
The biggest contributor to the decrease in the number of units in South Pasadena from 2012 to 2011 was the sale of the newly constructed units at both Station Lofts(seven in 2011 and one in 2012) and Mission Commons(two in 2011 and one in 2012). Station Lofts and Mission Commons are both sold out.
If you would like more detailed information regarding condos, townhomes or lofts in South Pasadena contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com
Ostrich Farm Lofts
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