How's the market in the Pasadena CalTech Real Estate area week ending 4/10/11?
CalTech Area Real Estate is a Seller's Market. Here's why:
• 3 months supply of homes trending
• 9 Homes available (2 new)
The 6 month numbers are as follows:
Average Sale Price: $972,941
Median Sale Price: $975,000
Average Days on Market: 66
Average Sale Price to List Price Ratio: 95.34
Of Special Note this week: Properties in the area continue to receive a tremendous reception by the public. One open house from Sunday, April 3 reported over 150 attendees, while another property already in escrow received an additional 3 offers this week, as backups. The average sale price slid up just a touch, as did the median, while the average days on market dipped by 3 from the previous week. Anyone want to sell? It still has to be priced right - look at that List Price to Sale Price Ratio!
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