Pasadena Real Estate

As expected, the volume of sales has increased dramatically from April to May.  

Pasadena home sales increased by 20% from April and homes under contract are 23% higher.  Average selling price increased a bit as well.  Close to 100 new home listings came up on the market, but the inventory is still a bit under 300 homes.

Here's a chart from Altos Research group with the historical look at Median prices of Pasadena homes:

 

 

Pasadena Real Estate statistics for February 2009 through May 2009 (including condos, townhomes and houses):

Single Family Residence	Feb-09	Mar-09	Apr-09	May-09
New Listings	86	80	83	97
Total Listings	305	286	314	297
Sales Pending	57	78	95	117
Homes Sold	37	57	64	77
Listings Expired	51	36	34	35
Average Days on the Market	120	93	109	150
Average Price Per Sq. Ft.	$348	$349	$369	$364
Average Selling Price	$548,151	$687,300	$638,835	$695,670
Median Selling Price	$470,000	$542,500	$550,000	$565,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	35.7	21.7	21.3	16.7
Condos	Feb-09	Mar-09	Apr-09	May-09
New Listings	46	44	36	47
Total Listings	205	168	148	162
Sales Pending	29	23	30	56
Homes Sold	13	28	25	20
Listings Expired	19	25	23	33
Average Days on the Market	177	136	278	116
Average Price Per Sq. Ft.	$325	$315	$344	$324
Average Selling Price	$342,577	$391,946	$405,000	$389,550
Median Selling Price	$337,000	$337,250	$330,000	$360,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	68.3	26.0	25.7	35.1
Townhomes	Feb-09	Mar-09	Apr-09	May-09
New Listings	22	21	15	16
Total Listings	83	77	70	61
Sales Pending	17	13	18	33
Homes Sold	5	18	8	17
Listings Expired	17	6	8	18
Average Days on the Market	135	173	162	112
Average Price Per Sq. Ft.	$342	$338	$346	$317
Average Selling Price	$ 455,200	$ 494,583	$442,710	$ 450,118
Median Selling Price	$ 375,000	$ 485,000	$413,340	$ 400,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	71.9	18.5	37.9	15.5

Real estate data gathered from ITEC (Pasadena Foothill Association of Realtors)

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

San Marino City Guide

South Pasadena City Guide

Altadena Foreclosures List

Burbank Foreclosure Home List

Pasadena Foreclosure Home List

South Pasadena Foreclosure Home List

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

 

 

 

 

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