July 20, 2009

Real Estate Statistics and Housing data for South Pasadena - June 2009

The inventory in South Pasadena is moving very quickly. South Pasadena home and condo prices are on the rise. Many "cash heavy" investors are out in the market competing with regular buyers. Multiple offers are still prevalent on well priced homes.

Lowest priced home sale in South Pasadena in June was at 1404 Oneonta Knl and sold at $681,000.

Highest priced South Pasadena home in June was at 543 Columbia Street which sold at $2,177,185.

South Pasadena Housing Analysis for April 2009 through June 2009:

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

Data gathered from ITEC (Pasadena Foothill Association of Realtors)

READ MORE: South Pasadena Five Year Real Estate Review

Latest South Pasadena Real Estate Market Report

To search for homes in South Pasadena, take a look at the listings below:

 

 

For South Pasadena property details, please visit South Pasadena homes for sale and South Pasadena Condos for Sale.

For weekly updates on South Pasadena real estate market activity, please feel free to request market analysis reports with detailed information by going to "How is the Market" section of this real estate site . These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

 

Read More:

South Pasadena City Guide

Take advantage of the $8,000 tax credit

Considering new construction? Don't miss $100 million tax credit

Property Title Insurance? Learn all about it!

Pasadena Real Estate Guide

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

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, CA

(626)629-8439

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