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