South Pasadena CA Update - Character Homes, Tree-Lined Streets and...

South Pasadena CA Market Update -- Character Homes, Tree-Lined Streets and so much more

This market update for South Pasadena covers the single family segment of our real estate market for the month and year-to-date period ending August 31, 2012 and compares it to the same period for 2011.   Character homes on tree-lined streets seem to make people think of many small towns across our country.  It’s no wonder that you can often find filming for movies, television shows and commercials as well as print and online advertising around the city of South Pasadena.   The city often fills in as Anywhere USA.

But life in South Pasadena goes beyond the ordinary -- it’s a real and very vibrant community.  Many small businesses, dining options, great parks and recreation programs and well-regarded schools enhance that small town feeling yet South Pasadena offers easy access to many big city conveniences.   The South Pasadena Gold Line station at Mission and Meridan is also home to the weekly Farmers Market and offers a great alternative to the more typical transportation mode in Southern California -- mass transit - what a concept, right?

So you see South Pasadena combines two very important features --- a small town atmosphere but with the conveniences of a much larger city.     Inventory of homes available for sale are historically low so it is not uncommon for properties that have been properly prepared for sell to receive attention(read that as an offer or multiple offers fairly quickly).

 Here’s a recap of some recent market statistics from our local multiple listing service:

August 2012 South Pasadena Single Family Home Sales Recap and Current Market Activity

• Nine properties sold ranging in closed price from $633,000 to $1,200,000
• Average sales price $845,444
• Median sales price $852,000
• 19 properties currently on the market for sale
• Homes available range in price from $409,000 to $1,620,000
• 20 single family homes are in escrow
• Last list price for those in escrow range from $549,000 to $2,150,000

August 2011 Sales Recap

• Seven properties sold ranging in closed price from $560,000 to $1,562,500
• Average sales price $891,000
• Median sales price $850,000

January through August 2012 Sales Recap

• 74 properties sold ranging in closed price from $300,000 to $4,100,000
• Average sales price $958,503
• Median sales price $867,500

January through August 2011 Sales Recap

• 83 properties sold ranging in closed price from $360,000 to $2,499,999
• Average sales price $957,261
• Median sales price $882,000

Would you like to more in-depth information regarding the city of South Pasadena?   Whether you are a homeowner considering selling, thinking about buying or just curious about the local real estate market -- I am happy to discuss the possibilities available in South Pasadena and beyond.  I can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

For more information around the city of South Pasadena

check the city website:

http://www.ci.south-pasadena.ca.us/

for school information:

http://www.spusd.net/

for South Pasadena Libary

http://www.ci.south-pasadena.ca.us/library/

for Parks and Recreation in South Pasadena

http://www.ci.south-pasadena.ca.us/parks/index.html

for information regarding the weekly Farmers Market

http://www.southpasadenafarmersmarket.org/SouthPasadenaFarmersMarket.org/Welcome.html