South Pasadena CA Homes For Sale and 1st Quarter 2015
Market Update
This is a summary of South Pasadena homes for sale along with those in escrow and sales for the first quarter of 2015. Statistical information has been gathered from our local multiple listing service(mls) and may not include all transactions in the market.
South Pasadena is a separate city within the West San Gabriel Valley of Los Angeles County and is known for its small town atmosphere with tree-lined streets of character homes. So Pas as it is known by locals is proud of its excellent school district(currently ranked in the top ten by the state of California), well-regarded parks and recreation programs along with unique shopping and dining make it a popular destination for many. You will find a weekly Farmer’s Market, special holiday parades and art walks among other activities.
There are currently 16 homes for sale ranging from $695,000 to $3,799,000 with another 19 in escrow. There have been 22 mls-reported closed transactions in the first three months of 2015.
Those sales ranged from $400,000 to $3,000,000 with an average sales price of $1,132,095 (median sales price of $948,000). They sold at 101.82% of last list price and for $555.26 per square foot on average.
During the same January through March time period in 2014, there were 30 mls-reported sales. Those transactions ranged from $496,854 to $1,960,000 with an 
average sales price of $978,665 (median $912,500). They sold at 103.05% of last list price and for $602.66 per square foot on average.
The lack of inventory of South Pasadena homes available for sale continues to make this real estate market quite challenging. When I completed this same report last year, the number of homes available for sale was 17 - just one more than this year. It is important to look at the story behind the numbers since the quantity is rather low. Whether you are a prospective buyer or a homeowner thinking of selling, let’s discuss what is important to you and talk about a strategy that can help you win. I can be reached at 818.516.4393 direct | cell.
If you would like to check 2014 sales results for South Pasadena homes see; South Pasadena CA Homes For Sale and Market Update 2014.
Published: April 9, 2015
South Pasadena CA Homes For Sale and 1st Quarter 2015
Market Update
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