South Pasadena CA Condos Lofts Townhomes For Sale and Update
This is a summary of South Pasadena condos, lofts and townhomes for sale and an update of real estate activity for the first six months of 2014. Statistical information is from our local multiple listing service(mls) as of July 8, 2014.
While South Pasadena is primarily known for its single family homes, there are a limited number of condos, lofts and townhomes in this small city. For information regarding the city and a recap of the South Pasadena single family home market check South Pasadena, CA Homes for Sale and Mid-Year 2014 Market Update.
There are currently just ten properties in the condominium, loft and townhome segment of the South Pasadena real estate market. They range in list price from $420,000(a two bedroom/one bath condo conversion with approximately 856 square feet) to $730,000(a four bedroom townhome with approximately 1542 square feet). There are another four in escrow. In the first six months of 2014, there have been 22 mls-reported closed transactions which ranged in prices from $307,000 to $815,000 with an average sales price of $550,181(median sales price $523,126). They sold at an average 101.64% of last list price. The average sales price per square foot was $432.93.
For the January through June period in 2013, there were 31 mls-reported closed sales. These sales ranged from $285,000 to $790,000 with an average sales price of $474,816(median $439,900). They sold at an average 101.61% of last list price. The average sales price per square feet for the period was $387.08.
Inventory in this South Pasadena real estate market segment continues to be a challenge although the level currently available for sale is higher than last year, today’s buyers are savvy and critical. They are looking for value and that comes in the form of that ideal combination of price and presentation.
Whether you are a prospective buyer or a property owner and would like to know how to succeed in today’s South Pasadena real estate market - let’s discuss your needs. There’s so much more than just a few hundred words worth of information. I can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.
South Pasadena CA Condos Lofts Townhomes For Sale and Update
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