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South Pasadena CA - May 2011 Sales Recap & Market Report -- Condos/Townhomes/Lofts

By
Industry Observer CalDRE #01165532

South Pasadena CA - May 2011 Sales Recap & Market Report -- Condos/Townhomes/Lofts

While the city of South Pasadena is known for its tree-lined streets, character homes filled with architectural interest, highly acclaimed schools and an almost "Mayberry-like" atmosphere -- did you know you can find condos, townhomes and yes, even, lofts in the city sometimes called "Tree City"?

Eastside, westside and right near the Mission Street Gold Line station, those who desire the lifestyle living in a condominium, townhome or loft can find it in South Pasadena.

South Pasadena CA - May 2011 Sales Recap & Market Report -- Condos/Townhomes/Lofts

According to our local multiple listing service, there were six sales in this category during May 2011.  The selling prices ranged from $319,000 to $580,000.  Two of these sales occurred at Station Lofts near the Mission Street Gold Line stop and one was at Mission Commons at Fremont and Mission -- both new construction projects.   The median price for all units sold during May 2011 was $412,000.    In May 2010, there were also six sales but the mix of those sales was different.   The sales ranged from $299,500 to $905,000.   Included in the sales were two units at Mission Meridian Village(constructed near the Gold Line station in 2005) and a unit in the San Pasqual complex.  The median sales price was $515,000.

There are currently 27 condos, townhomes or lofts on the market for sale in South Pasadena ranging in price from $269,900 to $648,000,   12 properties are in escrow with five of those in back-up status and seven in pending status.  

South Pasadena CA - May 2011 Sales Recap & Market Report -- Condos/Townhomes/Lofts

Want to live in South Pasadena?  Want more information?   Contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

 

 

 

 

Posted by

Michael Jacobs

 

CalBRE # 01165532

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Michael:

Great local info. Always interesting to see what is happening around the country.

Jun 11, 2011 04:29 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Thanks Alan and Michele --- its close-in and convenient location combined with good schools, unique shopping/dining, a great library make it a great choice for many.   

Jun 11, 2011 05:08 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Richard -- thanks, as always, for your comments.  Regarding public contacts -- it's a bit difficult to measure as some who call/email will only say "I saw you on the internet" but there have been a couple of localism posts where I have definitely known the source to be Active Rain readers or at least where the source originated.  

Jun 11, 2011 08:46 AM