How Did South Pasadena Homes Sell in 2015?
This is a look at home sales in South Pasadena, California for 2015 with a comparison to 2014. I will also share a recap of homes on the market for sale as well as those in escrow.
Statistical information in this report has been gathered from our local multiple listing service (mls) and may not include all sales in the city.
While the information is deemed reliable, it has not been verified and is not guaranteed.
South Pasadena has a small town charm where you can find tree-lined streets with character homes as well as more modern homes with incredible views in the hills. The city which is an independent city - not a part of Pasadena - is used extensively in films, television, commercials, video and print media as it can often fit the role as Anywhere USA.
The school district is well-regarded and the library plus the city’s parks and recreation programs are quite popular. Many small independently owned businesses and restaurants further enhance the neighborhood feel of the community.
Known to locals and fans of the city alike as South Pas, the city is quite convenient to the Arroyo Seco Parkway(110) as well as other freeways and a Gold Line light rail station at Mission and Meridian which is also the home to the weekly Farmers Market(held each Thursday -- check here for more information.
In 2015, there were 136 mls-reported closed transactions. These sales ranged from $400,000(basically land value) to $4,400,000 with an average sales price of $1,344,314 (median price $1,147,500). Nearly 64% of 2015 transactions closed at or above their last list price.
In 2014, there were 127 sales ranging from $496,854 to $3,745,000 with an average price of $1,181,882(median $1,100,000). Collectively, they sold at 103.76% of last list price.
There are currently just 15 South Pasadena homes for sale with an additional nine in escrow. A year ago while compiling information for this report, there were also 15 properties on the market.
South Pasadena remains a competitive market where homes need to be well-priced and well-presented in order to capture the attention of today’s savvy buyers.
As with any numbers presented, there are nuances and additional information to be shared than can be found in a report as brief as this. If you would like to know more about South Pasadena real estate whether you are a prospective buyer or a homeowner thinking of selling...let’s discuss what is important to you. I can be reached at 818.516.4393 cell. I look forward to hearing from you.
Check the following slideshow to get a glimpse of South Pasadena.
Published: January 19, 2016
How Did South Pasadena Homes Sell in 2015?
Comments(17)