How's the market for Pasadena’s CalTech Area Homes for sale for week ending 12/15/13?
CalTech Area Real Estate is a Seller's Market. Here's why:
• 2 months supply of homes trending
• 1 Home available (0 new this week)
The 6 month numbers are as follows:
Average Sale Price: $1,115,581
Median Sale Price: $951,000
Average Days on Market: 40
Average Sale Price to List Price Ratio: 109.66
Of Special Note this week: Compared to 9 months ago, these numbers are stunning. Inventory has been nearly non-existent for many months. March had 9 active listings and average price in the mid $800s. It’s clear that this is a great time to sell if you live in the Caltech area! It will be interesting to see if there is any significant change by March 2014. Stay tuned!
And that’s the market for Pasadena’s CalTech Area Homes for Sale for the week ending 12/15/13!
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