What’s Happening So Far This Year in South Pasadena CA Real Estate?
This is a look at real estate in South Pasadena, California for the first month of 2016 with a comparison to 2015. I will also share a recap of properties on the market for sale and in escrow. This report is divided into two parts --- single family homes and condominiums, townhomes and lofts. Statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all sales in the city. While the information is deemed reliable, it has not been verified and is not guaranteed.
South Pasadena(zip code 91030) has a small town charm where you can find tree-lined streets with character homes as well as more modern homes with incredible views in the hills. While the 
number is more limited, there are condos, townhomes and loft units in the city as well.
The city which is an independent city - not a part of Pasadena - is used extensively in films, television, commercials, video and print media as it can often fit the role as Anywhere USA. South Pasadena Unified School District is well-regarded and the library plus the city’s parks and recreation programs are quite popular. Many small independently owned businesses and restaurants further enhance the neighborhood feel of the community.
Known to locals and fans of the city alike as South Pas, the city is quite convenient to the Arroyo Seco Parkway(110) as well as other freeways and a Gold Line light rail station at Mission and Meridian which is also the home to the weekly Farmers Market(held each Thursday).
South Pasadena Homes
In January 2016, there were seven mls-reported closed transactions. These sales ranged from $800,000 to $1,618,000 with an average sales price of $1,112,214(median sales price of $1,005,000). They sold at 96.61% of last list price and for an average sales price per square foot of $476.02.
In 2015, there were four sales. The transactions ranged from $740,000 to $1,586,000 with an average price of $1,181,882(median $1,100,000). They sold at 98.33% of last list price and for $568.69 per square foot on average.
There are currently 17 South Pasadena homes for sale and additional thirteen in escrow. A year ago when compiling data for this report, there were ten on the market for sale with twelve in escrow.
South Pasadena Condos Townhomes and Lofts
There were four mls-reported closed sales in this category in January 2016. They ranged from $510,000 to $905,000 with an average sales price of $772,500(median $837,500). They sold at 101.81% of last list price and for an average price per square foot of $499.76.
In the first month of 2015, there were three transactions. The sales ranged from $395,000 to $523,500 with an average sales price of $437,833(median $500,000).
There are currently six properties on the market for sale with an additional eight in escrow. Those for sale range from $450,000 to $988,000. A year ago, there were seven available for sale and another six in escrow.
Summary
In short, the transactions in one given month should not be taken as a prediction of a full year. It is merely a snapshot look at properties on the market or for sale(and sold) in a particular given time frame. Further details are necessary in order for a potential seller to arrive at an appropriate listing price and for prospective buyers to determine their offer price.
For a better look at South Pasadena real estate trends, I suggest a look at my yearly reports:
Click here for a look at South Pasadena 91030 single family home sales in 2015.
Click here for condo townhomes and lofts transactions in 2015.
To know more about South Pasadena real estate I can be reached at 818.516.4393 cell. I look forward to discussing what is important to you..
Published: February 9, 2016
What’s Happening So Far This Year in South Pasadena CA Real Estate?
Comments(25)