Home sales in South Pasadena have been stable over the last few months with 13 single family homes sold in June and July and 11 in May. New listings are in the dozen range each month this summer.


Two new condo complexes went up for sale in July, thus increasing the number of available condos by 200% since June. I have been able to preview the complex on El Centro in the Mission District of South Pasadena. It has a very urban feel and look with open spaces, cement floors and exposed venting. It very much reminds me of the Prado building in Pasadena only on a much smaller scale. Even though it's new construction, in my opinion it's priced a bit high, at $400 to $500 per square foot, for its location right next to the Gold Line and a very spartan feel.

The other complex is at 815 Fairview Avenue also priced in the low to mid $400 per sq. ft. and built in 2009. featuring 1 bedroom with 2 bathrooms.

Given that only 4 condos and townhomes out of 22 new listings are resales and priced affordably, the choice for South Pasadena condo buyers is very limited unless you are looking for new construction and are willing to pay a premium.

It's interesting to note that the real estate sales activity has increased dramatically from January to June. Take a look at the chart below:

South Pasadena Real Estate Statistics April 2009 through July 2009:

Single Family Residence Apr-09 May-09 Jun-09 Jul-09
New Listings 18 12 11 14
Total Listings 41 50 41 39
Sales Pending 9 20 19 21
Homes Sold 5 11 13 13
Listings Expired 5 2 0 3
Average Days on the Market 56 61 55 92
Average Price Per Sq. Ft. $496 $465 $504 $465
Median Selling Price $953,000 $899,000 $1,205,000 $768,000
Average Selling Price $843,380 $990,636 $1,197,370 $905,477
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 35.5 19.7 13.7 13.0
Condos and Townhomes Apr-09 May-09 Jun-09 Jul-09
New Listings 1 4 7 22
Total Listings 12 13 12 34
Sales Pending 1 4 7 7
Homes Sold 1 2 4 3
Listings Expired 3 1 2 0
Average Days on the Market 67 29 34 152
Average Price Per Sq. Ft. $336 $318 $364 $326
Median Selling Price $590,000 $451,500 $572,500 $397,500
Average Selling Price $590,000 $451,500 $576,875 $370,333
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 52.0 28.2 13.0 49.1

Real estate data for South Pasadena from Pasadena Foothill Association of Realtors Multiple Listing Service (ITEC)

READ MORE: South Pasadena Five Year Real Estate Review

See all South Pasadena property in the Multiple Listing Service (MLS) below:


READ MORE:  Pasadena real estate update 2012 – see luxury home sales.

Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Are you relocating to Pasadena?  If so, take a look at our 365 Things To Do In Pasadena® .  Call us at 626-629-8439 to schedule a time for your free home buyer or home seller consultation!

Please visit South Pasadena homes, condos and townhomes for sale for additional property details.


South Pasadena City Guide

Pasadena Real Estate Guide

Altadena Foreclosures List

Burbank Foreclosure Home List

Pasadena Foreclosure Home List

South Pasadena Foreclosure Home List

If you are thinking of buying a South Pasadena home, South Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.


Pasadena Views Real Estate Team

Pasadena Real Estate Agents

Pasadena, California