As I mentioned in my previous Post, this Investor client wanted to know what the demographics were in Pasadena before she was ready to buy some Investment Property. Now with that said, I did some research and at the same time felt this would be a great Blog Post to share for others as well.
Looking at the Average Sales Price, looks like the Single Family Market is pretty strong in Pasadena when it comes to price increases. Hence it would be a good investment even if you only look at the year over year price increases.
Inventory has increase slightly but not enough for all the ney sayers to say that the market is going to change from a Seller's to a Buyer's Market. I just do not see that as a trend in the near term.
When people ask me how is the Real Estate Market the first place I look at is how many days it takes to sell a home. Now you tell me with the average sales price above and the average days on market, How is the Market? My answer is it is fast and it is a Seller's Market. Now if you have other questions please reach out to me directly!
If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!
If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations.
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