Special offer

How's the Market in the "CalTech" area of Pasadena Real Estate for this past week?

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE#01512696

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!

Posted by

Lee Bothast, CRS, CCS, CN

2nd Generation Pasadena Area Realtor

International President's Circle, 2017

Coldwell Banker Residential Brokerage

626.533.3929 cel

www.leebothast.com

CalBRE# 01512696

Comments (1)

Jon Quist
REALTY EXECUTIVES ARIZONA TERRITORY - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

I bet  the "CalTech" area has pretty much always been a seller's market. Yes? No?

Apr 14, 2011 06:51 PM