South Pasadena real estate market statistics for the last 3 months are below. For a full analysis and commentary, please visit the original post at the South Pasadena Real Estate website.
South Pasadena real estate and housing statistics for September through November 2008:
| Single Family Residence |
Sep-08 |
Oct-08 |
Nov-08 |
| New Listings |
10 |
13 |
9 |
| Total Listings |
33 |
34 |
35 |
| Sales Pending |
9 |
8 |
0 |
| Homes Sold |
5 |
5 |
9 |
| Listings Expired |
3 |
5 |
6 |
| Average Days on the Market |
68 |
96 |
77 |
| Average Price Per Sq. Ft. |
$499 |
$493 |
$462 |
| Average Median Price |
$930,000 |
$940,000 |
$1,000,000 |
| Average Selling Price |
$1,145,178 |
$1,037,300 |
$998,833 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
28.6 |
29.5 |
16.9 |
|
|
|
|
| Condos and Townhomes |
Sep-08 |
Oct-08 |
Nov-08 |
| New Listings |
6 |
4 |
5 |
| Total Listings |
18 |
13 |
15 |
| Sales Pending |
5 |
2 |
1 |
| Homes Sold |
5 |
4 |
2 |
| Listings Expired |
5 |
0 |
3 |
| Average Days on the Market |
111 |
186 |
18 |
| Average Price Per Sq. Ft. |
$397 |
$401 |
$369 |
| Average Median Price |
$590,500 |
$733,500 |
$482,450 |
| Average Selling Price |
$637,200 |
$647,200 |
$482,450 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
15.6 |
14.1 |
32.5 |
Posted by Irina Netchaev, Pasadena Real Estate Agent
;)
;)
Hi Irina, it's very interesting to see the stats. I now know more about South Pas. Thanks.