South Pasadena Homes For Sale and Market Update
This is a real estate market activity report for South Pasadena. In this report, I will share information of homes for sale along with those in escrow and sales for the first four months of 2016 along with a comparison to the same period for the previous two years.
Statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the market.
South Pasadena is a separate city within the West San Gabriel Valley of Los Angeles County and is known for its small town atmosphere with tree-lined streets of character homes. In the hillside neighborhoods of the city you will find homes many with outstanding views. So Pas as it is known by locals and admirers alike is proud of its highly acclaimed schools, well-regarded parks and recreation programs along with unique shopping and dining which make it a popular destination for many. You will find a weekly Farmer’s Market, special holiday parades and art walks among other activities.
There are currently 18 South Pas homes for sale priced from $728,000 to $3,738,000 with another 17 in escrow. There have been 33 closed sales reported through April, 2016. They ranged from $652,500 to $4,230,000 with an average sales price of $1,409,228 (median sales price $1,165,000). They sold at 102.81% of last list price and for an average price per square foot of 602.60. .
In the same four month period in 2015, there were 32 mls-reported closed transactions ranging from $400,000 to $3,000,000 with an average sales price of $1,166,951 (median sales price of $1,132,500) They sold at 102.34% of last list price and for $557.30 per square foot on average.
During the same January through April time period in 2014, there were 45 mls-reported sales. Those transactions ranged from $496,854 to $1,991,000 with an average sales price of $1,096,591 (median $999,000). They sold at 103.43% of last list price and for $606.19 per square foot on average.
Inventory is slightly higher(last year 14 and 18 in 2016) and the market still favors sellers. Multiple offers and sale prices over list prices remain common but sellers 
should be advised that buyers are very aware of the market. As always price and proper presentation are critical along with location within the city.
Whether you are a prospective buyer or a homeowner thinking of selling, let’s discuss what is important to you and talk about a strategy that can help you win. I can be reached at 818.516.4393 cell.
Published: May 5, 2016
South Pasadena Homes For Sale and Market Update
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