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Pasadena California Home Sales are on the Rise - 2Q09 Pasadena Real Estate Market Report and Statistics

Pasadena's real estate statistics and report for April 2009 through June 2009

The first month of the summer statistics for Pasadena home sales are in.  June outperformed May and we're seeing increases in the price per square foot of sold homes, condos and townhomes.

Homes on average are selling at 96.41% of asking price, but 30 out of 68 June home sales sold at full price or over asking.  That's almost 50% of sales! 

Pasadena condos are selling at 96.76% of asking price with 14 of 39 sales at full or above asking price.

Pasadena townhomes are doing quite well as well with 3 of 15 selling at or above asking with a 95.71% ratio of sold to asking price.

Home buyers are still out in droves.  All you have to do is visit an Open House on Sunday.  Multiple offers are more and more frequent which will be evident in the increase of the sold to asking ratio and the Pasadena sales prices when we look at next month's real estate statistics.

 Real Estate Statistics for Pasadena CA Home Sales - April 2009 through June 2009:

 

Single Family Residence Apr-09 May-09 Jun-09
New Listings 83 97 93
Total Listings 314 297 313
Sales Pending 95 117 111
Homes Sold  64 77 68
Listings Expired 34 35 31
Average Days on the Market  109 150 193
Average Price Per Sq. Ft. $369 $364 $408
Average Selling Price $638,835 $695,670 $881,754
Median Selling Price $550,000 $565,000 $660,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 21.3 16.7 19.9
       
Condos Apr-09 May-09 Jun-09
New Listings 36 47 38
Total Listings 148 162 152
Sales Pending 30 56 44
Homes Sold  25 20 39
Listings Expired 23 33 29
Average Days on the Market  278 116 155
Average Price Per Sq. Ft. $344 $324 $330
Average Selling Price $405,000 $389,550 $420,436
Median Selling Price $330,000 $360,500 $430,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 25.7 35.1 16.9
       
Townhomes Apr-09 May-09 Jun-09
New Listings 15 16 27
Total Listings 70 61 71
Sales Pending 18 33 24
Homes Sold  8 17 15
Listings Expired 8 18 5
Average Days on the Market  162 112 118
Average Price Per Sq. Ft. $346 $317 $340
 Average Selling Price  $442,710  $ 450,118  $ 528,200
Median Selling Price $413,340  $ 400,000  $ 480,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 37.9 15.5 20.5

Pasadena real estate data extracted from ITEC (Pasadena Foothill Association of Realtors)

Interested in seeing more historical real estate data for Pasadena Real Estate:

 Pasadena Real Estate Housing and Statistics Report for 2003 through 2008

Here's a quick overview of the last 7 days of Pasadena California real estate activity as captured by Altos Research:

 

Interested in seeing which homes are available for sale? The homes below are updated real time.

 

For more property details, please visit Pasadena homes and condos for sale.

Pasadena foreclosures - homes owned by banks - can be found below:

 

Property details for Pasadena foreclosed homes are found at the Pasadena Foreclosure homes for sale post.

 

READ MORE:

Pasadena Real Estate Guide

South Pasadena City Guide

Altadena Foreclosures List

Burbank Foreclosure Home List

Pasadena Foreclosure Home List

South Pasadena Foreclosure Home List

South Pasadena Foreclosure Home List

Pasadena Income Property for Sale

Pasadena Land for Sale

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

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Related Posts
Pasadena California Homes for Sale under $450,000
Pasadena real estate market report May 2008 to July 2008
Pasadena Real Estate Market Statistics and Analysis for February 2009
Pasadena Real Estate Dusty Deals(TM) - Sept 2008
Pasadena CA Real Estate - Homes and Condos for Sale in Pasadena California


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Posted on July 16, 2009 18:00:00
Posted by: Irina Netchaev
Irina Netchaev

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