Let's take a look at the condo and townhome market in Pasadena California. This is going to be the first of four posts focusing on different areas of Pasadena. Our Multiple Listing Service has Pasadena divided into quadrants.
We'll look at South East Pasadena first. The boundary for MLS purposes is any condominium or townhouse in the 91101, 91106, 91107, 91225 and 91226 zip code that is South of the 210 Freeway.
Key Statistics for SE Pasadena Condos
Real Estate Inventory:
1. Total Number of South East Pasadena Condos and Townhomes for Sale: 123
2. Number of new listings on the real estate market: 43
3. Number of condominiums/townhouses going under contract (in escrow): 14
4. Number of Pasadena homes SOLD: 9
Pasadena Home Pricing:
5. Average Price of Pasadena Condos in the South East neighborhoods for Sale: $513,000
6. Average Sold Price of SE Pasadena Condos for Sale: $405,000
7. Average Price Per Square Foot of Sold Homes: $409
8. Difference of Sold to ORIGINAL List Price: 98%
Length of Market Time:
9. Days on the Market: 53
Observations:
A couple of interesting facts -
The volume of available condos and townhomes for sale went up by 7% from August of 2009. However, the actual number of units sold decreased by 61%.
Average price per square foot went up by 18.2% from $346 in August of 2009, but the average sales price went down by 3.6% from $532,000.
Average sold price is only 1.8% lower than 15 months ago.
South East Condos and Townhomes for sale:
See all South East Condo listings updated "real time" here.
READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®
Pasadena Single Family - 9 key real estate statistics report
If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-6298439.
Pasadena Views Real Estate Team
Pasadena Real Estate Agents
(626)629-VIEW (8439)
