Pasadena real estate median sales price for single family homes went up 8.5% from last month. However, the median price is 17.1% higher than last February 2009. Looking at the last 3 years, the picture is not so pretty, pasadena's median price is down almost 30% from 2007.
| 1 month | 1 year | 3 years | |||||||
| Jan 10 | Feb 10 | % Change | Feb 09 | Feb 10 | % Change | Feb 07 | Feb 10 | % Change | |
| Median Price | 518 | 562 | 8.5%  |
480 | 562 | 17.1% |
780 | 562 | -27.9%  |
Here are the real estate statistics for the last 2 months (based on ITEC Multiple Listing Service):
| Single Family Residence |
Jan-10 | Feb-10 |
| New Listings |
67 | 70 |
| Total Listings |
207 | 216 |
| Sales Pending |
61 | 76 |
| Homes Sold | 48 | 46 |
| Listings Expired |
22 | 21 |
| Average Days on the Market |
87 | 82 |
| Average Price Per Sq. Ft. |
$355 | $356 |
| Median Selling Price |
$531,500 | $566,000 |
| Average Selling Price |
$664,954 | $659,696 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
18.7 | 20.3 |
| Condos | Jan-10 | Feb-10 |
| New Listings |
56 | 50 |
| Total Listings |
149 | 171 |
| Sales Pending |
33 | 28 |
| Condos Sold | 33 | 23 |
| Listings Expired |
37 | 8 |
| Average Days on the Market |
79 | 78 |
| Average Price Per Sq. Ft. |
$367 | $346 |
| Median Selling Price |
$413,000 | $425,000 |
| Average Selling Price |
$414,088 | $475,478 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.6 | 32.2 |
| Townhomes | Jan-10 | Feb-10 |
| New Listings |
26 | 21 |
| Total Listings |
67 | 61 |
| Sales Pending |
2 | 15 |
| Townhomes Sold | 4 | 15 |
| Listings Expired |
0 | 1 |
| Average Days on the Market |
65 | 92 |
| Average Price Per Sq. Ft. |
$421 | $337 |
| Median Selling Price |
$ 503,500 | $ 549,000 |
| Average Selling Price |
$ 504,250 | $ 514,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
72.6 | 17.6 |
Please note the data is a bit different from the table at the top of the post given the timing of home sales pull.
If you were to buy a Pasadena home 7 years ago, you'd still be ahead on your investment - about 30% ahead. Average price per square foot in February 2003 was $287.
Interestingly enough, Pasadena condos and townhomes did even better 7 years running. They are ahead over 45%.
| 1 month | 1 year | 7 years | |||||||
| Nov 09 | Feb 10 | % Change | Feb 09 | Feb 10 | % Change | Feb 03 | Feb 10 | % Change | |
| Avg. Sq. Ft. Price | 356 | 356 | 0.1% |
343 | 356 | 3.7% |
245 | 356 | 45.4% |
Pasadena Foreclosure Statistics:
There are currently 15 foreclosure homes available for sale.
Average foreclosure list price is $451,580.
17 Pasadena foreclosures are currently under contract and are in escrow.
In the last 6 months, there were 56 foreclosure homes that closed escrow and sold on average at 101% of list price.
35 of the 56 homes were sold over asking. Some as much as 18% over asking!
Interested in seeing what is currently available? If so, you can search all Pasadena Foreclosures here.
See all Pasadena Homes for Sale below:
See the listing feed of all Pasadena homes above for all the details and information. it is updated every few hours.
You can also see all the property listing feeds by city or zip code.
READ MORE:
San Marino Real Estate Statistics
San Gabriel Real Estate Statistics
PasadenaViews
Real Estate Team
Pasadena Real
Estate Agents
Pasadena, California
