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

South Pasadena real estate market and housing statistics for 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)

Here's a nice visual of what's going on with South Pasadena prices from Altos Research:

Medium Chart

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

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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 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

South Pasadena Dusty Deals (TM) - Homes for Sale
South Pasadena Dusty Deals(tm) List for December 2009 - Your South Pasadena Real Estate Deals
Monterey Hills Condo and Townhome Inventory Still Low
Arcadia Real Estate - Homes for Sale Trends
San Marino California - Housing and Real Estate Report for March 2009

http://www.pasadenacarealestatehomes.com/009A08