Pasadena At-A-Glance Real Estate Statistics – May 2011

Here’s a latest list of the newest home listings in Pasadena:

• Fri, 19 Apr 2024 14:11:00 +0000: $799,000 :: 1183 E Lexington Street, Pasadena CA, 91104 - Pasadena Home Search
  
  
  
  
  3 beds, 1 bath
  Home size: 1,249 sq ft
  Lot Size: 6,953 sq ft
  Added: 03/31/24, Last Updated: 04/19/24
  Property Type: Single Family
  MLS Number: P1-17055
  Community: Pasadena (NE)
  Status: Conditional
  
  
  Located on a quiet cul-de-sac in upper Pasadena, this 1950s home was designed & built by the Seller's Father and is on the market for the first time in history! This charming property is filled with potential and presents the perfect opportunity for the next owner & their contractor to breathe some new life into this well-loved home. Set amidst lush, landscaped grounds, the home has charming original details such as wood paneling, pocket doors, and built-ins. Enter through the original diamond-paned front door and into the living room with an attractive mantled fireplace. The kitchen includes a charming breakfast nook with classic mid-century diner-era booth seating and access to the garage where the washer & dryer are located and the attic is accessed, providing additional storage space. The dining room is connected to the back screened porch, providing a great flow for indoor/outdoor dining and entertaining year-round. There are three bedrooms and a full bath with separate shower & tub and charming original tiled counter. The large backyard features mature shade trees, fruit trees (lime, tangerine, & Meyer lemon), a concrete patio, and plenty of room to garden, play, or relax. The wide driveway affords off-street parking and the cul-de-sac presents a great neighborhood feel, including a fun Halloween get-together every year. Close proximity to parks, shops, restaurants, and schools, this property is ready to be transformed into your home for many years to come!
  
  Listed with David Knight CalDRE: 01829234 | (626) 657-0359, Keller Williams DTLA
  

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  Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
  
  

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• Fri, 19 Apr 2024 13:29:00 +0000: $849,000 :: 425 Vineyard Place, Pasadena CA, 91107 - Pasadena Home Search
  
  
  
  
  2 beds, 2 baths
  Home size: 999 sq ft
  Lot Size: 3,960 sq ft
  Added: 04/18/24, Last Updated: 04/19/24
  Property Type: Single Family
  MLS Number: P1-17309
  Community: Pasadena (SE)
  Status: Active
  
  
  Welcome to 425 Vineyard Place in Pasadena! This charming 2-bedroom, 2-bathroom home sits on a corner lot and has been beautifully updated throughout, offering modern comforts and stylish finishes. As you come inside, you'll be greeted by the inviting living room featuring wood-look tiled flooring, dual-paned windows allowing ample natural light, and recessed lighting creating a warm ambiance. The living area seamlessly flows into the open kitchen, which boasts stone countertops, an eat-in bar perfect for casual dining, and a sleek 5-burner gas range for culinary enthusiasts. Adjacent to the kitchen, a convenient door leads to a patio area, ideal for relaxing outdoors or enjoying al fresco meals in a private setting. The primary suite is a peaceful retreat with its own set of dual-paned windows, a large closet providing ample storage space, and recessed lighting for added comfort. The ensuite bathroom is a highlight, featuring a custom tiled bathtub and shower combination, offering a luxurious spa-like experience. The second bedroom is generously sized, offering versatility and space for various needs, whether it's a guest room, home office, or personal sanctuary. The second bathroom has a single sink vanity and custom tiled shower and tub. This home is not only tastefully updated but also conveniently located near Pasadena's many amenities, making it a wonderful opportunity for comfortable and stylish living in a desirable neighborhood. Whether you are a first time home buyer or looking to down-size, don't miss the chance to make this beautifully renovated property your new home!
  
  Listed with Jason Berns CalDRE: 01787757 | (626) 826-4544, Keller Williams Realty
  

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  Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
  
  

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• Fri, 19 Apr 2024 11:47:00 +0000: $1,299,000 :: 244 Marguerita Lane, Pasadena CA, 91106 - Pasadena Home Search
  
  
  
  
  2 beds, 2 baths
  Home size: 1,279 sq ft
  Lot Size: 4,566 sq ft
  Added: 04/08/24, Last Updated: 04/19/24
  Property Type: Single Family
  MLS Number: P1-17137
  Community: Pasadena (SW)
  Status: Conditional
  
  
  This one-of-a-kind Spanish Colonial Revival can be found in the renowned Marguerita Lane Historic District, also referred to as the Spanish Revival Village. It is one of the original ''studio houses'' designed by the Schutt Brothers & is listed in the National Register of Historic Places. A rustic wooden gate opens to a private brick courtyard where you spot the quintessential red clay Spanish tile roof. A hearty Wisteria vine climbs its way up to frame the side of a lovely veranda. The threshold is emphasized by the original strip of hand-painted traditional blue & white Spanish tiles. As you open the elegant French doors you realize they were just an introduction to the intimidating fortress-like double doors within, lodged with iron rivets & secured with a hefty iron latch. The living room is breathtaking with dramatic hand hewn beamed ceilings, Saltillo tile & an impressive corner fireplace. It is utterly majestic with a raised hearth & a substantial hand carved mantel displaying the Greek classic anthemion & palmette design motif. A number of graceful arches, built-in bookshelves, a niche lined with festive Spanish Majolica tiles & a recessed window all add further dimension & character. The kitchen boasts another pair of hand hewn beams & as you tilt your head back you find an extra high wood beam ceiling. A massive plastered vent hovers over a retro stove accompanied by an arched recess & decorative switchplates. Custom wood cabinetry, taupe tile countertops & a pantry with plenty of shelving are also featured. A vintage iron chandelier rests over an adorable built-in breakfast nook with views of the back courtyard & the soothing sculptural fig tree, climbing roses, & dignified olive tree among the verdant elephant ears. As you enter the Primary bedroom, you mark the ornate sconces & again, beamed ceilings but they are embellished by the addition of some unique saw woodwork. Here you can see the original oakwood flooring & where it shifts into Saltillo tiles for a darling alcove decorated with lion corbels, built-in shelving & a window looking out to the front courtyard. The main bathroom is spacious & features a walk-in shower with frameless glass doors & a large vanity. The guest room has an extensive built-in bookshelf, wood beam ceilings, elongated hexagon Saltillo tile & hand-painted Spanish tile surrounding the fireplace. Double doors open to a bathroom divided by soothing arches, with a retro sink front & center & a shower on the other side.
  
  Listed with Cariy Hernandez CalDRE: 01211566 | (626) 862-3591, Keller Williams Realty
  

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  Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
  
  

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• Fri, 19 Apr 2024 11:23:00 +0000: $788,000 :: 697 E California Boulevard #7, Pasadena CA, 91106 - Pasadena Home Search
  
  
  
  
  2 beds, 3 baths
  Home size: 1,257 sq ft
  Lot Size: 12,886 sq ft
  Added: 04/10/24, Last Updated: 04/19/24
  Property Type: Condo/Townhouse/Co-Op
  MLS Number: P1-17165
  Community: Pasadena (SE)
  Status: Conditional
  
  
  Fabulous townhouse style condo in absolute move-in condition located in the heart of Pasadena. This wonderful, bright unit has new vinyl plank flooring throughout, newly remodeled bathrooms and has been freshly painted. The unit features large closets, laundry on the main level and a nice deck off the master bedroom for enjoying your morning coffee or afternoon cocktail. Attached garage with extra storage leads directly to the unit. Nearby is everything South Lake has to offer--grocery stores, shopping, fine restaurants, and the Gold Line. Don't miss this move-in ready unit!
  
  Listed with Terry Shelton CalDRE: 00776479 | (626) 497-1998, Sotheby's International Realty, Inc.
  

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  Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
  
  

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• Fri, 19 Apr 2024 10:39:00 +0000: $1,995,000 :: 999 N Hill Avenue, Pasadena CA, 91104 - Pasadena Home Search
  
  
  
  
  4 beds, 2 baths
  Home size: 2,176 sq ft
  Lot Size: 13,016 sq ft
  Added: 04/18/24, Last Updated: 04/19/24
  Property Type: Single Family
  MLS Number: 24381909
  Community: Pasadena (NE)
  Status: Active
  
  
  In the heart of Pasadena's coveted Bungalow Heaven area is this warm and inviting Craftsman circa 1913. Surrounded by native landscaping and a sweet picket fence, this very special home maintains much of its original charm with updates for easy modern living, including solar panels for energy efficiency. Just beyond the covered front porch, the living room boasts sought-after details such as hardwood floors, original woodwork, classic built-ins, and stained glass windows. Both the den and dining areas are spacious and open to the artistically remodeled kitchen with a breakfast nook. Generous in size, there is plenty of room for cooking and entertaining in this gathering space. A laundry room and full size bathroom complete the main level layout. Upstairs there are four bedrooms that share a recently refreshed bathroom. The backyard is a paradise, featuring a detached 331sf studio and 328sf office. Spacious and private with a grassy area for play, multiple covered patios, and an outdoor fireplace, this is a backyard that will make friends and family happy with plenty of room to relax and enjoy the outdoors. This prime Pasadena location is moments from Old Town Pasadena, Republik Coffee, Tender Greens, The Huntington, and so much more. A tranquil setting for this charming home filled with light and character makes this a one-of-kind find in one of the city's best locations.
  
  Listed with Mary Regal CalDRE: 01963054 | 310-913-7651, Compass
  

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  Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
  
  

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Prior Real Estate Market Reports for Pasadena California

April 2011

Pasadena Real Estate Market Overview – 2009 vs 2010

As we start a new year, it’s always interesting to look at year over year data to see the trends in real estate activities.

Media keeps regurgitating national statistics and I get constant calls from my mom in panic that the real estate market is crashing.  🙂  So… let’s look at a few of the critical local stats.

• The volume of home sales was definitely down in 2010.  662 homes were sold in 2010 vs 775 in 2009 – a 17% reduction in inventory.
• The average sales price, however, went up by almost 6% from $755,626 in 2009 to $803,296 in 2010.
• Foreclosures have been on everyone’s mind.  I’ve been talking about shadow foreclosure inventory for awhile now.  However, there were only 31 sales in 2010 compared to 21 sales in 2009.  Most REOs that sell are in the lower price point with the average sales price $441,909 for 2010.
• Investors are out in force.  58% of all single family home short sale that successfully closed escrow were purchase for ALL cash.
• Only 1 in 4 properties that were being sold in a short sale process closed escrow.

Sold Pasadena Real Estate Market Statistics:

Data is based on information from the Pasadena Foothill Association of Realtors ITEC MLS for the periods shown.
Display of MLS data is deemed reliable but is not guaranteed accurate.

	2010	2009	% Chg
Single Family Homes
Volume	662	775	-17.1%
Price/Sq. Ft.	$390	$383	1.8%
Ave Sales Price	$803,296	$755,626	5.9%
Days on Market	69	70	-1.4%
Size/Sq. Ft.	1,986	1,924	3.1%
REO Volume	51	50	2.0%
Short Sales Volume	27	12	55.6%
Condos & Townhomes
Volume	416	463	-11.3%
Price/Sq. Ft.	$360	$351	2.5%
Ave Sales Price	$482,987	$455,724	5.6%
Days on Market	81	83	-2.5%
Size/Sq. Ft.	1,333	1,301	2.4%
REO Volume	31	21	32.3%
Short Sales Volume	27	12	55.6%

Pasadena’s Single Family Homes – Real Estate report for August 2010

When we are looking at Pasadena home sales data for August 2010, please keep in mind that most of these homes have actually went under contract sometime in June or July.  Hot summer months – in more ways than one.  Yes… it was hot.  🙂  But, for real estate purposes, this is also the busiest home selling activity.

Many Pasadena home buyers take advantage of vacation time or kids being out of school to go shopping for their next home.

August in itself, had the lowest number of new home listings in Pasadena at only 77 comparing to close to 100 in the previous months.

The lowest priced home for sale listed in Pasadena was $220,000.

The highest priced home for sale listed in Pasadena was $6,650,000

Pasadena Single Family Home Sales statistics:

Single Family Residence	May-10	Jun-10	Jul-10	Aug-10
New Listings	96	97	100	77
Total Listings	310	308	342	282
Sales Pending	87	90	84	50
Homes Sold	70	76	73	50
Listings Expired	25	29	33	46
Average Days on the Market	59	58	68	68
Average Price Per Sq. Ft.	$378	$401	$373	$388
Median Selling Price	$548,000	$687,000	$668,000	$565,000
Average Selling Price	$620,090	$862,668	$825,831	$823,022
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	19.2	17.6	20.3	24.4

Let’s take a look at the actual Pasadena home sales prices by area:

South West Pasadena

Average price per square foot for homes in the South West Pasadena neighborhood increased by 40.3% from August 2009 to August 2010 from $423 per sq. ft. to $593 per sq. ft.

The South West Pasadena homes also sold 54% faster in the same span of time.  The average time on the market for these homes in August 2009 was 93 and in August 2010 was 43 days.

On average the homes in South West Pasadena sold at 98% of list price.

See all Pasadena South West homes for sale here.  These home listings are updated “real time”.

READ THE FULL POST ON PASADENA REAL ESTATE 2010 SUMMER STATISTICS HERE

Pasadena real estate housing statistics for January 2010

In reviewing the numbers of home sales in Pasadena California for January 2010 and comparing it to January 2009, the stats that jump out at me are:

Pasadena Single Family Houses for Sale

• The inventory is a bit lower and it takes a lot less time to sell a home in Pasadena this year than last.
• Price per square foot of sold homes is actually higher this year than last.
• Even though there’s less inventory, almost twice as many units sold in January of this year than last.
• And, fewer home listings expired.

Pasadena Condos for Sale

• Again less inventory this year, but significantly higher number of sales – in January of 2009, only 5 condos sold and 33 in January of 2010.
• Price per sq. ft. of sold condos is a bit lower at $367 vs. $379
• Absorption rate is only 19.6 weeks in 2010 vs 158 weeks in 2009

Pasadena Townhouses for Sale

• A lot more new townhome listings this January than last year.  However, the total number of units is consistent at 67.
• Only 4 townhomes sold in January of 2010 vs 11 in 2009
• Price per square foot is significantly higher and is over $400.  This is most likely driven by a small number of sales.  That number will come down in February as volume of sales rises.

Single Family Residence	Jan-09	Nov-09	Dec-09	Jan-10
New Listings	81	53	45	67
Total Listings	239	226	204	207
Sales Pending	31	67	65	61
Homes Sold	28	69	68	48
Listings Expired	48	36	53	22
Average Days on the Market	130	67	84	87
Average Price Per Sq. Ft.	$333	$368	$330	$355
Median Selling Price	$505,000	$620,000	$810,000	$531,500
Average Selling Price	$548,981	$714,001	$729,829	$664,954
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	37.0	14.2	13.0	18.7
Condos	Jan-09	Nov-09	Dec-09	Jan-10
New Listings	44	24	23	56
Total Listings	183	172	143	149
Sales Pending	2	35	29	33
Condos Sold	5	29	31	33
Listings Expired	24	17	24	37
Average Days on the Market	113	86	67	79
Average Price Per Sq. Ft.	$379	$377	$369	$367
Median Selling Price	$207,450	$485,000	$398,000	$413,000
Average Selling Price	$427,950	$491,121	$474,298	$414,088
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	158.6	25.7	20.0	19.6
Townhomes	Jan-09	Nov-09	Dec-09	Jan-10
New Listings	8	14	11	26
Total Listings	67	67	54	67
Sales Pending	6	23	12	2
Townhomes Sold	11	15	27	4
Listings Expired	8	4	20	0
Average Days on the Market	115	59	67	65
Average Price Per Sq. Ft.	$349	$397	$373	$421
Median Selling Price	$ 462,500	$   520,000	$   545,000	$   503,500
Average Selling Price	$ 436,991	$   539,267	$   585,007	$   504,250
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	26.4	19.4	8.7	72.6

Year To Date Pasadena Real Estate Market Statistics:

[altos_chart st=”CA” cid=”1994″ zid=”2894335″ rt=”sf,mf” ra=”a” q=”a” left=”median_price” size=”m” timeSpan=”e” endDate = “2009-11-20” /] [altos_chart st=”CA” cid=”2018″ zid=”2898911″ rt=”sf,mf” ra=”a” q=”a” left=”median_per_sqft” size=”m” timeSpan=”e” endDate = “2009-11-20” /]

July 2009 Real Estate Market Report:

See the latest Pasadena Real Estate Market and Housing Report for housing trends as of August 2009.

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:

As I published March 2009, Pasadena Real Estate Market Housing statistics and report, there were several key points that jumped out at me when I looked at the numbers:

1. The housing inventory is falling in every category – Pasadena homes, Pasadena condos and Pasadena townhomes. In a normal real estate market the inventory will pick up as we get closer to spring and summer months. The number of newly listed Pasadena properties stays the same, but the number of Pasadena home sales almost doubled in March 2009.

2. Absorption Rate – a key real estate statistic – is significantly lower for each of the tracked categories. Absorption rate is an indicator that sellers use to anticipate how long it will take to market their homes for sale. For example, looking at Pasadena single family homes, a Pasadena home seller should understand that if the rate of sales and current inventory remains the same, it will take them on average 21.7 weeks to sell their home. That’s a significant drop in home marketing time from 35.7 and shows a trend towards getting back to a more balanced real estate market.

3. The most significant change in pricing is seen at the Pasadena condo level. Now is the time to get excellent Pasadena condo deals. The price per square foot on a Pasadena condo is at an all time low of $315 per sq. ft. Take a look at Pasadena’s real estate market analysis for the last five years and you’ll see that we’re back to 2003 price levels.

Read the full Pasadena Real Estate Market Report for March 2009 here.

Real estate market Pasadena California statistics for January and February 2009:

nventory of Pasadena homes each month for both January and February almost doubled from December of 2008.  More homes are available for sale and more homes are selling.  February 2009 ended the month with 37 Pasadena homes sold and 57 homes under contract.  This is very much in line with what I’ve been seeing with my clients.  A lot of offers are being placed on homes and once again we are seeing multiple offers in homes under $500,000.  It’s also interesting to note that single family residences (SFR) in Pasadena sold a bit over 97% of asking price.

The number of available Pasadena condos for sale doubled as well from the end of 2008.  A huge increase in the number of Pasadena condos under contract from last year was seen in the month of February.  This doesn’t surprise me since condos have experienced a more significant price drop.  I was able to help my buyers purchase a condo last month in the South Lake Avenue district just steps from Macy’s for only $249,500.  And the price included a seller concession of an additional $7,500 towards closing costs.  Quite frankly, this type of purchase was impossible only a few months ago.

READ MORE:  Complete statistics and inventory for Pasadena housing – beginning of 2009

Pasadena real estate market report for December 2008:

December has been uneventful for Pasadena’s real estate market. Inventory of homes and condos dropped from last several months to 250 homes and 158 condos. While the number of available Pasadena townhomes for sale increased to 76 units.

Since, there was an increase in the number of homes sold and the number of Pasadena sellers that decided to take their homes off the market, absorption rate dropped dramatically.

I expect that we will see a lot more Pasadena property listings hit the market in January since many home sellers wait until after the holidays to list their Pasadena home for sale. I also expect banks to start releasing foreclosures that they’ve been holding on to for book keeping purposes.

While prices have been basically flat over the last several weeks, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are becoming more available and Pasadena buyers are tending to get more home for their money.

Read More:  Complete statistiscs for Pasadena real estate – December 2008

Interested in searching for Pasadena homes and condos for sale?  Here’s a list of all available properties including foreclosures:

Pasadena Real Estate Market Statistics for October 2008 through December 2008:

Single Family Residence	Oct-08	Nov-08	Dec-08
New Listings	72	56	46
Total Listings	303	261	250
Sales Pending	61	29	40
Homes Sold	71	42	69
Listings Expired	54	53	83
Average Days on the Market	141	115	102
Average Price Per Sq. Ft.	$411	$402	$373
Average Selling Price	$811,092	$699,591	$760,146
Median Selling Price	$620,000	$445,750	$560,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	18.5	26.9	15.7
Condos	Oct-08	Nov-08	Dec-08
New Listings	43	39	26
Total Listings	165	159	158
Sales Pending	26	7	22
Homes Sold	31	17	19
Listings Expired	16	27	29
Average Days on the Market	135	110	60
Average Price Per Sq. Ft.	$401	$377	$355
Average Selling Price	$442,758	$428,641	$410,363
Median Selling Price	$415,000	$455,000	$380,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	23.1	40.5	36.0
Townhomes	Oct-08	Nov-08	Dec-08
New Listings	12	27	20
Total Listings	68	68	76
Sales Pending	3	10	13
Homes Sold	15	5	14
Listings Expired	10	5	26
Average Days on the Market	72	36	116
Average Price Per Sq. Ft.	$347	$426	$351
Average Selling Price	$ 544,820	$ 604,600	$540,214
Median Selling Price	$ 519,900	$ 575,000	$465,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	19.6	58.9	23.5

Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service)

Read More: going into escrow in October.

Pasadena real estate market report for October 2008:

Pasadena’s real estate inventory of homes has decreased in October to 127 units overall – inclusive of single family residences, condos and townhomes. It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from. The sales have closed strongly in October at 117 units. Next month, we will see a marked decrease in this number as evidenced by the decline in the

This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports. Median home sales prices provide a more accurate picture since the median signifies that 50% of Pasadena homes sold for more and 50% of these homes sold for less. Hope that you will find it useful.

Market Action Indicator for Pasadena’s real estate is currently in the buyer’s zone though not strongly so. The 90-day Market Action Index stands this week at 22 so buyers should expect find reasonable levels of selection. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

The highest sold home in Pasadena for October was at 485 South Grand Avenue, a 4 bedroom/4 bath luxury estate with 6,000 sq. ft. on a 24,345 sq. ft. lot which sold for $4,300,000 at 95.56% of its asking price.

The lowest sold home in Pasadena for October was 476 East Mountain Street, a 1 bedroom and 1 bath with 624 sq. ft of a 2,580 sq. ft. lot whcihc sold for $233,000. This home sold over its original asking price of $226,900.

Overall, October’s single family residences sold at 95.20% of their asking price.

Housing Market Statistics for Pasadena California for August 2008 through October 2008:

Single Family Residence	Aug-08	Sep-08	Oct-08
New Listings	80	78	72
Total Listings	325	341	303
Sales Pending	43	95	61
Homes Sold	69	59	71
Listings Expired	36	59	54
Average Days on the Market	133	115	141
Average Price Per Sq. Ft.	$407	$396	$411
Average Selling Price	$923,986	$751,228	$811,092
Median Selling Price	$657,000	$655,000	$620,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	20.4	25.0	18.5
Condos	Aug-08	Sep-08	Oct-08
New Listings	31	46	43
Total Listings	136	156	165
Sales Pending	9	38	26
Homes Sold	27	21	31
Listings Expired	22	35	16
Average Days on the Market	115	121	135
Average Price Per Sq. Ft.	$397	$445	$401
Average Selling Price	$515,896	$459,540	$442,758
Median Selling Price	$399,500	$350,000	$415,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	21.8	32.2	23.1
Townhomes	Aug-08	Sep-08	Oct-08
New Listings	11	16	12
Total Listings	57	69	68
Sales Pending	6	18	3
Homes Sold	13	15	15
Listings Expired	4	12	10
Average Days on the Market	111	130	72
Average Price Per Sq. Ft.	$385	$358	$347
Average Selling Price	$ 597,477	$ 512,933	$ 544,820
Median Selling Price	$ 539,000	$ 500,000	$ 519,900
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	19.0	19.9	19.6

Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).

Pasadena Single Family Homes for Sale:

[idx-listings linkid=”58687″ count=”500″]

Pasadena Condos for Sale

[idx-listings linkid=”58694″ count=”500″]

Pasadena Townhomes for Sale

[idx-listings linkid=”67690″ count=”300″]

Pasadena Income Property for Sale

[idx-listings linkid=”67691″ count=”500″]