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

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

• Thu, 19 Jun 2025 19:29:00 +0000: $1,888,100 :: 250 S Berkeley Avenue, Pasadena CA, 91107 - Pasadena Home Search
  
  
  
  
  5 beds, 1.75 baths
  Home size: 2,094 sq ft
  Lot Size: 7,184 sq ft
  Added: 05/13/25, Last Updated: 06/19/25
  Property Type: Single Family
  MLS Number: P1-22212
  Community: 648 - Pasadena (SE)
  The price of this listing was last reduced on 5/30/2025 by 9%
  Status: Active
  
  
  A wonderful Traditional Cape Cod home in a prime location nestled on a picturesque street in one of Pasadena's most coveted neighborhoods. This spacious single level residence offers timeless elegance and comfort just minutes from Cal Tech, The Huntington Library, Art Museum & Botanical Gardens, shopping & dining along Lake Avenue. Boasting five generously sized bedrooms and two well-appointed bathrooms (1 full and 1 three quarter), the home features a desirable central hall floor plan that seamlessly connects the living spaces. The sun drenched living room is a warm and inviting space, complete with a wood burning fireplace and expansive windows that fill the room with natural light. Entertain guests in the formal dining room, adorned with a stunning chandelier and framed by two large windows. The kitchen offers classic- wood cabinetry, granite countertops and backsplash, modern appliances and a convenient breakfast bar that opens into a breakfast room featuring charming built-in shelves & cabinetry. Adjacent to the kitchen is a laundry room with washer & dryer hookups, access to the California basement and an exterior door to the driveway. Primary bedroom is spacious enough to accommodate a king-sized bed with additional furnishings and includes a walk-in closet. A secondary bedroom with the convenience of an ensuite three quarter bath, while a full bathroom serves the additional bedrooms. The fourth and fifth bedrooms are situated at the rear of the home, offering peaceful backyard views-perfect for guests or home office. Additional highlights include central air and forced air heating system throughout. There is a second rear exit leading to a covered patio , backyard with a grassy area and mature fruit trees. (Orange & Tangerine ). Ideal for entertaining or relaxing! The detached two car oversized garage is located at the rear of the property, is complemented by an extended driveway with ample parking for multiple vehicles. This rare gem offers comfort, space and an unbeatable location-truly a special opportunity to own a home that blends classic details with everyday functionality. Don't miss your chance to see this Pasadena treasure!
  
  Listed with Barbara Campanella CalDRE: S | 626-523-2826, Coldwell Banker Realty
  

  ---

  
  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/!
  
  

  ---

• Thu, 19 Jun 2025 18:25:00 +0000: $1,500,000 :: 1430 N Roosevelt Avenue, Pasadena CA, 91104 - Pasadena Home Search
  
  
  
  
  3 beds, 2 baths
  Home size: 1,783 sq ft
  Lot Size: 7,001 sq ft
  Added: 06/19/25, Last Updated: 06/19/25
  Property Type: Single Family
  MLS Number: P1-22816
  Community: 646 - Pasadena (NE)
  Status: Active
  
  
  Resting on a peaceful, tree-lined street in the desirable President's Street neighborhood of Northeast Pasadena, 1430 N Roosevelt Ave offers more than just beautiful updates, curb appeal, and majestic mountain views. This picturesque, private home is a thoughtful blend of comfort, style, and easy everyday living. As you enter, the spacious living room provides a warm welcome and invites joyful moments of togetherness. With gleaming hardwood floors, a handsome fireplace, and radiant windows all around, you'll love how the ambiance is both relaxed and elevated. The nearby dining room, with classic wainscoting, offers the perfect setting for Sunday night feasts before another busy week begins. Beautifully remodeled in 2021, the kitchen is effortlessly elegant with a fresh, modern aesthetic. Generous proportions, integrated stainless appliances, and tons of natural light make this an ideal spot for whipping up your favorite recipes. As an added bonus, the breakfast bar overlooks the family room, which brings everybody closer together. When it's time to rest, your primary suite is a peaceful retreat with a cathedral ceiling, newly built custom closet, and a luxurious, dual vanity en suite with a decadent soaking tub. Two additional bedrooms are cheerful, filled with light, and share a spacious hallway bath. The home's idyllic, exceptionally private backyard invites year-round outdoor enjoyment, with a red brick patio for al fresco dinners and a newly added pool to delight in summer time festivities. A versatile detached studio offers even more flexibility--perfect as a home office, art studio, or fitness room you've always wanted. A gorgeous home for planting roots and filling with love, 1430 N Roosevelt Ave is the perfect slice of paradise you've been dreaming of!
  
  Listed with Evangelyn Lin CalDRE: N | 626-807-6581, eXp Realty of California, Inc.
  

  ---

  
  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/!
  
  

  ---

• Thu, 19 Jun 2025 17:59:00 +0000: $2,600,000 :: 1841 Rose Villa Street, Pasadena CA, 91107 - Pasadena Home Search
  
  
  
  
  3 beds, 3 baths
  Home size: 2,241 sq ft
  Lot Size: 10,586 sq ft
  Added: 06/09/25, Last Updated: 06/19/25
  Property Type: Single Family
  MLS Number: 25549761
  Community: 648 - Pasadena (SE)
  Status: Conditional
  
  
  Step through lush-lined iron gates into a magical garden that leads to a covered porch, perfect for watching hummingbirds while enjoying your morning coffee or tea. A charming Spanish Mediterranean style home, fully remodeled from floor to ceiling for modern living. A Chef's kitchen offers Viking appliances and custom granite countertops perfect for preparing gourmet meals. Inside, a storybook Batchelder fireplace anchors the living room with hand-glazed tiles and warm hardwood floors, a homage to Pasadena's Arts & Crafts heritage. Three generous bedrooms line a long hallway, while an oversized den stretches toward the outdoors. Floor-to-ceiling glass accordion sliders disappear to reveal an expansive backyard centered around a majestic olive tree that feels as old as the San Gabriel Mountains. Here, manicured gardens featuring Apricot, Meyer Lemon, Lime, Mandarin Orange trees, and - of course, roses - give way to a shimmering saltwater pool and a cabana with its own full bath, ideal for guest quarters, a studio, or effortless poolside entertaining. From fireside evenings and weekend swim parties to tranquil mornings under the olive's silvery canopy, 1841 Rose Villa offers the space to gather, recharge, and savor California living at its most magical. Mere blocks to premium schools, The Huntington Library and Gardens, and trendy South Lake Avenue shops and restaurants.
  
  Listed with Victoria Massengale | 323-640-2924, Compass
  

  ---

  
  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/!
  
  

  ---

• Thu, 19 Jun 2025 17:20:00 +0000: $1,499,000 :: 239 S Marengo Avenue #112, Pasadena CA, 91101 - Pasadena Home Search
  
  
  
  
  3 beds, 2.5 baths
  Home size: 2,249 sq ft
  Lot Size: 946,428,120 sq ft
  Added: 03/06/25, Last Updated: 06/19/25
  Property Type: Condo/Townhouse/Co-Op
  MLS Number: P1-21152
  Community: 648 - Pasadena (SE)
  Status: Active
  
  
  First time on the market for sale. Own a contemporary, spacious and serene home base near the heart of Pasadena. Set in the sleek Monaco Terrace, walking distance from the Del Mar Gold Line station and Pasadena shopping and dining, this stylish three-level condominium is open, modern and filled with the latest amenities. On the first level, a gourmet island kitchen gleams with quartz counters, tile backsplash and stainless steel appliances including a built-in microwave. The spacious living room opens to this setting, the dining area, and a private front patio. A half bath completes this floor. The second level is home to two bedrooms, a full bath, another balcony and a laundry room. The third floor is reserved for the master suite, with a generous walk-in closet and large full bath. It enjoys direct access to a private wraparound balcony with street view. Glass exterior doors, carpet, striking light fixtures and sleek blinds add to the polished tone. Behind-the-scenes amenities include security system, central HVAC, tankless water heater, and two-car detached garage. Outdoors, features an inviting landscaped courtyard with a barbecue and grassy area.
  
  Listed with Max Pellegrini CalDRE: S | , Engel & Voelkers Pasadena
  

  ---

  
  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/!
  
  

  ---

• Thu, 19 Jun 2025 17:07:00 +0000: $1,929,000 :: 405 Sequoia Drive, Pasadena CA, 91105 - Pasadena Home Search
  
  
  
  
  3 beds, 1.75 baths
  Home size: 2,258 sq ft
  Lot Size: 7,602 sq ft
  Added: 04/04/25, Last Updated: 06/19/25
  Property Type: Single Family
  MLS Number: P1-22736
  Community: 647 - Pasadena (SW)
  Status: Active
  
  
  Updated traditional with views in the San Rafael Hills! Sited above lush landscaping on quiet, gently curving Sequoia Drive, this three bedroom, two bath property offers privacy and stunning San Gabriel mountains vistas. Character elements include charming brick front steps, walkway, and fireplace, transitioning to a saltillo tile front porch. This well-preserved historic home is a tapestry of stylistic features: here, hand-troweled plaster walls, and flattened arches juxtaposed with tongue-in-groove paneled ceilings and grand picture windows. The entry vestibule is stylish and timeless in a uniquely Southern California way: the arched plaster niche is reflected in the mirrored wall and picture window which capture treetop and foothill scenery. Beamed wood ceilings and Saltillo brick floor in the entrance enhance the organic, outdoor-indoor feel, as do narrow-plank hardwood floors and coved plaster ceilings in the spacious living room. With a floor-to-ceiling decorative brick fireplace and raised basketweave pattern brick hearth, plus oversize picture windows, the living room is both inviting and expansive. The flow between public spaces is effortless here: living room on the east side of the home leads to the family room through a generous archway to the west, and adjacent dining room. Boasting original coved ceilings and built-in buffet, the dining room leads to an updated kitchen with shaker cabinetry, quartz countertops and stainless steel appliances. With the beautiful mountains framed in the window above the kitchen counter, it's a dream spot to prepare dinner, or make morning coffee - and the adjoining laundry room with utility cabinetry, side-by-side washer/dryer and folding counter is perfectly placed. Private spaces include two comfortably-sized bedrooms and a full bath, as well as the primary suite with cathedral vaulted ceiling and walls of picture and triangular gable windows. Family room with beamed tongue-in-groove wood ceiling, wet bar and sliding door to the open-air deck offers an ideal space to entertain and appreciate fabulous indoor-outdoor living. A mature olive tree, brick patio and lower dining deck in the back yard provide a private space for quiet relaxation, with prime western exposure for garden enthusiasts or those looking for a spot to install a grassy pad. Enjoy easy parking in the finished two car garage with lofted storage in this coveted neighborhood convenient to Pasadena, Downtown and all the best of Northeast LA.
  
  Listed with Teresa Fuller | 626-483-0710, COMPASS
  

  ---

  
  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/!
  
  

  ---

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″]