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|
Here are the real estate statistics for the last 2 months (based on ITEC Multiple Listing Service):
|Single Family Residence||Jan-10||Feb-10|
|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|
|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|
|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.
PasadenaViews Real Estate Team
Pasadena Real Estate Agents