South Pasadena CA Homes for Sale and Market Update - August 2013
This is a summary of South Pasadena homes for sale as well as a market update for single family homes sold for the month of August and year-to-date 2013 with a comparison to the same period in 2012. Information is from our local multiple listing service statistics(MLS) as of September 6, 2013 and may not include all sales or activity that has taken place.
South Pasadena is celebrating its 125th birthday in 2013 as a separate city(not to be confused with its larger sibling to the north - Pasadena). South Pasadena prides itself as a city with a small town atmosphere and appeal but convenient to the big city. It’s highly acclaimed schools, well-regarded parks, recreation and library programs and locally owned businesses and dining establishments enhance the tree-lined streets filled with character homes. Its that image that filmmakers and advertisers covet when searching for that Anywhere USA feel so. It’s quite common to see crews mingling about while working. Recently, I was showing property to an East Coast transplant and when I turned the corner where the widow of President Garfield had a home we saw a line of police cars on the street -- all with the city of Boston insignia on side of each cruiser -- yes, another film shot.
Residents and visitors alike can be found on the late afternoon and early evenings each Thursday at the South Pasadena Farmer’s Market near the Gold Line station. A great place to choose fresh produce or other tasty goodies for the week, check out the latest merchandise from a old or soon-to-be-favorite vendor, take a taste of some food offerings or simply take in the friendly So Pas vibe.
Regardless of market conditions, South Pasadena is a popular place to live and inventory of homes available for sale are often in high demand. This is especially true these days. According to MLS statistics there are just 14 homes on the market for sale(this city’s population - by the way - is approximately 25,680 according the US Census in 2011). Currently, South Pasadena homes for sale range in price from $688,000 to $2,275,000. Another 21 are in escrow. During August 2013, there were 17 South Pasadena homes sold. Those transactions ranged in closed prices from $523,500 to $1,850,000 with an average sales price of $1,112,147(median $880,000).
During the same time period in August 2012, there were nine sales ranging from $633,000 to $1,200,000 with an average sales price of $845,444(median $852,000).
During the first eight months of 2013, MLS statistics reflect 96 transactions ranging in closed price from $400,000 to $2,700,000 with an average sales price of $1,094,264(median $957,500). The average sales price versus last list price for the period is 102.02%. In the same period of 2012, the 73 sales ranged in closed price from $300,000 to $4,100,000 with an average sales price of $959,031(median $865,000).
If you would like to get an idea of what’s available in South Pasadena homes for sale check www.camoves.com/michael.jacobs or better yet contact me directly 818.516.4393 cell or michaeljacobs@coldwellbanker.com.
South Pasadena CA Homes for Sale and Market Update - August 2013
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