South Pasadena real estate is still very much in demand and the homes are holding value. The family atmosphere, wonderful South Pasadena schools and the limited inventory make homes that are prepared for sale and priced well quite in demand.
Single Family Homes in South Pasadena are selling at 94.84% of asking price. Although one home sold $51,000 over asking at 106% of asking.
Condos and townhomes in South Pasadena are selling close to 97% of asking price.
The lowest priced South Pasadena home in October is at 1108 Foothill Street and is listed for $439,000. It is a small (listed as having 755 sq. ft.) 2 bedroom, 1 bath.
The highest priced South Pasadena home is at 1133 Buena Vista Street with 7 bedrooms adn 7 baths and over 7,500 sq. ft. This South Pas estate is listed at $3,600,000.
Read More: South Pasadena City Guide - relocation guide for South Pasadena
Real Estate Guide - Everything You Need To Know to Buy or Sell Your Home
South Pasadena real estate and housing statistics for August through October 2008:
| Single Family Residence |
Aug-08 | Sep-08 | Oct-08 |
| New Listings |
8 | 10 | 13 |
| Total Listings |
26 | 33 | 34 |
| Sales Pending |
1 | 9 | 8 |
| Homes Sold | 11 | 5 | 5 |
| Listings Expired |
3 | 3 | 5 |
| Average Days on the Market |
119 | 68 | 96 |
| Average Price Per Sq. Ft. |
$483 | $499 | $493 |
| Average Median Price |
$915,000 | $930,000 | $940,000 |
| Average Selling Price |
$795,273 | $1,145,178 | $1,037,300 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
10.2 | 28.6 | 29.5 |
| Condos and Townhomes |
Aug-08 | Sep-08 | Oct-08 |
| New Listings |
3 | 6 | 4 |
| Total Listings |
15 | 18 | 13 |
| Sales Pending |
1 | 5 | 2 |
| Homes Sold | 3 | 5 | 4 |
| Listings Expired |
4 | 5 | 0 |
| Average Days on the Market |
77 | 111 | 186 |
| Average Price Per Sq. Ft. |
$352 | $397 | $401 |
| Average Median Price |
$533,000 | $590,500 | $733,500 |
| Average Selling Price |
$561,000 | $637,200 | $647,200 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
21.7 | 15.6 | 14.1 |
Real estate data based on information from ITEC (Pasadena Foothills
Association MLS service)
Interested in seeing what available for sale? Click on the form below to search for full access to the Multiple Listing Service.
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.
Interested in seeing what available for sale? Take a look at the home listings below. The information is updated real-time as new homes are entered into the Multiple listings service:
