Pasadena At-A-Glance Real Estate Statistics – May 2011
Here’s a latest list of the newest home listings in Pasadena:
- Fri, 09 Apr 2021 22:15:00 +0000: $750,000 :: 35 N Raymond Avenue #201, Pasadena CA, 91103 - Pasadena Home Search
1 bed, 2 baths
Home size: 1,090 sq ft
Lot Size: 16,553 sq ft
Added: 04/07/21, Last Updated: 04/09/21
Property Type: Condo/Townhouse/Co-Op
MLS Number: TR21075096
Community: 647 - Pasadena (SW)
Status: Active
Great Location! This amazing find is a gorgeous split level one bedroom luxury condominium with controlled secure entry in the heart of Old Town Pasadena. This unit has an open floor plan with 20’ ceilings and lots of natural light from its very large windows featuring custom window treatments. The large loft master suite has a huge walk-in closet with custom built in shelves and drawers. The master bathroom features marble tile and walk-in shower with custom rain head. The kitchen has beautiful granite counter tops enhanced with lots of cabinets and drawers. The building was completely remodeled for luxury condominiums in 2006 with new HVAC, plumbing, and electrical. The Boston Centennial Building has gated parking and is elevator accessible to all levels. This pet friendly building is within walking distance to the parks, fine restaurants, shopping, beautiful Pasadena City Hall, movie theaters, and much more. Located two short blocks from the Metro Gold Line which runs from Union Station to Azusa (Citrus College). The bus lines nearby go to JPL, Cal Tech, Artcenter, PCC and North Hollywood. Enjoy the Pasadena lifestyle with world class museums, prestigious colleges, the Rose Bowl, the historic Rose Parade, and San Gabriel mountains all close by.
Listed with Julie McDonough CalDRE: 01013933, Amerisell Advantage Properties
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/! - Fri, 09 Apr 2021 22:13:00 +0000: $1,000,000 :: 235 San Miguel Road, Pasadena CA, 91105 - Pasadena Home Search
2 beds, 2 baths
Home size: 1,572 sq ft
Lot Size: 9,148 sq ft
Added: 03/24/21, Last Updated: 04/09/21
Property Type: Single Family
MLS Number: OC21063289
Community: 647 - Pasadena (SW)
Status: Active
Call your contractors! You're gonna need them for this single level, 1925 English Tudor Cottage FIXER in West Pasadena's coveted San Rafael neighborhood! It features high coved ceilings, hardwood floors, and an original vintage full bath. Technically it's a 2 bdrm, but the spacious den/office could be a great 3rd bdrm. It has mostly original features except for the 60s gas range, an added half-bath & some newer dual-pane vinyl windows. This home needs and deserves extensive work from top to bottom, inside and out; but its charming curb appeal, large front and rear yards, idyllic neighborhood, and sweet location will make it worthwhile. It has so much potential! In case you're looking for them, the 50 gal electric water heater and natural gas gravity furnaces are located in the sub-basement - small access door in bkyd. The roof age and material are both unknown. TRUST SALE, selling AS-IS.
Listed with Debbie Karimoto CalDRE: 00914940, HomeSmart, Evergreen 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/! - Fri, 09 Apr 2021 20:02:00 +0000: $899,000 :: 766 E Elizabeth Street Street, Pasadena CA, 91104 - Pasadena Home Search
2 beds, 1 bath
Home size: 1,200 sq ft
Lot Size: 9,148 sq ft
Added: 04/06/21, Last Updated: 04/09/21
Property Type: Single Family
MLS Number: P1-4135
Tract: Not Applicable
Status: Active
Built in 1939, this bright Craftsman Bungalow located on a tree-lined street in the Normandie Heights neighborhood of Pasadena. This single-level home w/ 1200 sq ft of living space with an abundance of charm, boasts 2 bedrooms and 1 full bathroom with original architectural details . Enter the light-filled Living Room w/ original built-in bookcases, fireplace, arched doorways and refinished wood floors throughout. A formal Dining Room and an amazing kitchen that has been updated thoughtfully with sustainable finishes that include custom Lytpus Brazilian wood cabinetry, recycled glass counter tops, Marmoleum flooring and refurbished antique stove. A large wood deck with a flowering shade tree, perfect for al fresco dining. The grassy, fully fenced rear yard is park like with multiple seating areas, raised vegetable/herb gardens and multiple fruit trees (orange, lemon and grapefruit). A separate Studio / Guest Space with new flooring and a private hot tub enclosure to relax and unwind. Detached garage w/workshop and plenty of storage w/ a freshly re-sealed driveway. This is a special house. Welcome Home!3D Matterport Tour: https://my.matterport.com/show/?m=dFBysySQ2qb&mls=1
Listed with Colette Dornblum CalDRE: 01952165, 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/! - Fri, 09 Apr 2021 18:01:00 +0000: $7,698,000 :: 637 Bellefontaine Street, Pasadena CA, 91105 - Pasadena Home Search
5 beds, 7 baths
Home size: 7,556 sq ft
Lot Size: 31,799 sq ft
Added: 03/08/21, Last Updated: 04/09/21
Property Type: Single Family
MLS Number: AR21049665
Community: 647 - Pasadena (SW)
The price of this listing was last reduced on 4/9/2021 by 1%
Status: Active
Brand New Construction in Pasadena. Located within the prestigious South Arroyo community in Pasadena, this flat parcel is 31,947 sqft. This Spanish contemporary home consists of 7,556 square feet features Five bedrooms and Seven baths. Come home and relax in your resort-like backyard complete with luscious landscaping and pool. No expense was spared in the building of this home. Open floor plan kitchen with marble counter island, recessed lighting, brand new stainless steel appliances and range hood. Kitchen and dining area overlook the backyard and pool. Hardwood floors throughout and plenty of windows for a bright open feel of this home. Living room with a fireplace leads directly to the backyard. Beautiful low maintenance landscaping in the front yard.
Listed with Nicholas Borrelli CalDRE: 01481673, Coldwell Banker George 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/! - Fri, 09 Apr 2021 16:58:00 +0000: $749,900 :: 621 N Garfield Avenue, Pasadena CA, 91101 - Pasadena Home Search
2 beds, 2 baths
Home size: 899 sq ft
Lot Size: 3,050 sq ft
Added: 04/09/21, Last Updated: 04/09/21
Property Type: Single Family
MLS Number: PF21073789
Community: 699 - Not Defined
Status: Active
Charming, move-in ready home in the heart of Pasadena. Situated on a corner with a gate and privacy hedges and an automatic gate at the driveway. Spacious living room, eat-in modern kitchen with stainless appliances including fridge, dishwasher, stove and range hood and conveniently located powder room for guests. Two natural light filled bedrooms and a full hall bathroom. Two car detached garage with space for additional cars. Just some of the features of this home are: Easy to care for landscaping, ductless AC units, custom closet doors, dual pane windows, indoor washer/dryer, Newer flooring and paint, copper plumbing and storage shed. Located near Old Town Pasadena, Rose Bowl, Villa Parke, Paseo Pasadena, Cal Tech, PCC and all that Pasadena is famous for with easy access to the 210/134 freeways.
Listed with Seta Chorbajian CalDRE: 01419425, Redfin Corporation
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).