South Pasadena Homes For Sale and
Market Update
A Look At The Real Estate Market in South Pas for the First Four Months of 2017
This is a real estate market activity report for the South Pasadena real estate market. In this report, I will share information of homes for sale along with 
those in escrow and sales for the first four months of 2017 along with a comparison to the same period for the previous three years. Statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the city.
South Pasadena is a separate city within the West San Gabriel Valley of Los Angeles County and not part of its larger neighbor, Pasadena. It is known for its small town atmosphere with tree-lined streets of character homes. South Pas as it is known by both locals and admirers has highly acclaimed schools, well-regarded parks and recreation programs along with unique shopping and dining which make it a popular destination for many. The first photo in this post is The Dinosaur Farm - a toy and childrens book store that is just one example of what you can find among the unique shops along with dining spots in the city. You will find a weekly Farmer’s Market, special holiday parades and art walks among other activities.
There are currently twelve homes on the market for sale in the city ranging from $868,000 to $3,200,000 with an additional 18 in escrow. 30 sales have been reported in the mls from January through April this year ranging from $700,000 to $3,200,000 with an average sales price of $1,498,577 (median sales price $1,369,000). 60% have sold at or above list price for an average 101.74% and for $629.49 per square in the first four months of the 2017.
In 2016, there were 33 closed sales reported through April. The transactions ranged from $652,500 to $4,230,000 with an average sales price of $1,409,228(median $1,165,000). They sold at 102.81% of last list price and for an average price per square foot of $602.60 during the period.
In the same four months in 2015, there were 32 reported closed transactions ranging from $400,000 to $3,000,000 with an average price of $1,166,951 (median $1,132,500) They sold at 102.34% of last list price and for $557.30 per square foot on average.
During the same January through April time period in 2014, there were 45 mls-reported sales. Those transactions ranged from $496,854 to $1,991,000 with an average sales price of $1,096,591 (median $999,000). They sold at 103.43% of last list price and for $606.19 per square foot on average.
Inventory is currently slightly lower than last year. The market still favors sellers with multiple offers and sale prices over list prices common. Sellers should be advised that buyers are very aware of the market as a new listing will likely attract those who have recently “lost” a home in a bidding contest. As always price and proper presentation are critical as well as location within the city. Since South Pasadena is such a unique place - there are nuances in
the numbers that need more exploration when choosing the ideal market 
price and position. The same is true for buyers as they develop an offer strategy that is most favorable.
Let’s discuss what is most important to you as we work together to win in the still very competitive South Pasadena real estate market. I can be reached at 818.516.4393 cell.
Published: May 11, 2017
South Pasadena Homes For Sale and
Market Update
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