Market Action Indicator<\/a><\/strong> 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.<\/p>\n![\"market-action-index-october-20081\"](\"http:\/\/www.pasadenaviews.com\/wp-content\/uploads\/2009\/01\/market-action-index-october-20081.jpg\" "\\"market-action-index-october-20081\\"")
<\/strong><\/p>\nThe highest sold home in Pasadena<\/strong> 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.<\/p>\nThe lowest sold home in Pasadena<\/strong> 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.<\/p>\nOverall, October’s single family residences sold at 95.20% of their asking price.<\/p>\n
Housing Market Statistics for Pasadena California for August 2008 through October 2008:<\/h3>\n
\n\n\n<\/colgroup>\n\n\n<\/colgroup>\n\n\nSingle
\nFamily Residence<\/td>\n | Aug-08<\/td>\n | Sep-08<\/td>\n | Oct-08<\/td>\n<\/tr>\n |
\nNew
\nListings<\/td>\n | 80<\/td>\n | 78<\/td>\n | 72<\/td>\n<\/tr>\n |
\nTotal
\nListings<\/td>\n | 325<\/td>\n | 341<\/td>\n | 303<\/td>\n<\/tr>\n |
\nSales
\nPending<\/td>\n | 43<\/td>\n | 95<\/td>\n | 61<\/td>\n<\/tr>\n |
\n| Homes Sold<\/td>\n | 69<\/td>\n | 59<\/td>\n | 71<\/td>\n<\/tr>\n |
\nListings
\nExpired<\/td>\n | 36<\/td>\n | 59<\/td>\n | 54<\/td>\n<\/tr>\n |
\nAverage Days
\non the Market<\/td>\n | 133<\/td>\n | 115<\/td>\n | 141<\/td>\n<\/tr>\n |
\nAverage
\nPrice Per Sq. Ft.<\/td>\n | $407<\/td>\n | $396<\/td>\n | $411<\/td>\n<\/tr>\n |
\nAverage
\nSelling Price<\/td>\n | $923,986<\/td>\n | $751,228<\/td>\n | $811,092<\/td>\n<\/tr>\n |
\nMedian
\nSelling Price<\/td>\n | $657,000<\/td>\n | $655,000<\/td>\n | $620,000<\/td>\n<\/tr>\n |
\nAbsorption
\nRate (# of weeks to sell
\ncurrent inventory at present rate of sales)<\/td>\n | 20.4<\/td>\n | 25.0<\/td>\n | 18.5<\/td>\n<\/tr>\n |
\n| <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n |
\n| Condos<\/td>\n | Aug-08<\/td>\n | Sep-08<\/td>\n | Oct-08<\/td>\n<\/tr>\n |
\nNew
\nListings<\/td>\n | 31<\/td>\n | 46<\/td>\n | 43<\/td>\n<\/tr>\n |
\nTotal
\nListings<\/td>\n | 136<\/td>\n | 156<\/td>\n | 165<\/td>\n<\/tr>\n |
\nSales
\nPending<\/td>\n | 9<\/td>\n | 38<\/td>\n | 26<\/td>\n<\/tr>\n |
\n| Homes Sold<\/td>\n | 27<\/td>\n | 21<\/td>\n | 31<\/td>\n<\/tr>\n |
\nListings
\nExpired<\/td>\n | 22<\/td>\n | 35<\/td>\n | 16<\/td>\n<\/tr>\n |
\nAverage Days
\non the Market<\/td>\n | 115<\/td>\n | 121<\/td>\n | 135<\/td>\n<\/tr>\n |
\nAverage
\nPrice Per Sq. Ft.<\/td>\n | $397<\/td>\n | $445<\/td>\n | $401<\/td>\n<\/tr>\n |
\nAverage
\nSelling Price<\/td>\n | $515,896<\/td>\n | $459,540<\/td>\n | $442,758<\/td>\n<\/tr>\n |
\nMedian
\nSelling Price<\/td>\n | $399,500<\/td>\n | $350,000<\/td>\n | $415,000<\/td>\n<\/tr>\n |
\nAbsorption
\nRate (# of weeks to sell
\ncurrent inventory at present rate of sales)<\/td>\n | 21.8<\/td>\n | 32.2<\/td>\n | 23.1<\/td>\n<\/tr>\n |
\n| <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n |
\n| Townhomes<\/td>\n | Aug-08<\/td>\n | Sep-08<\/td>\n | Oct-08<\/td>\n<\/tr>\n |
\nNew
\nListings<\/td>\n | 11<\/td>\n | 16<\/td>\n | 12<\/td>\n<\/tr>\n |
\nTotal
\nListings<\/td>\n | 57<\/td>\n | 69<\/td>\n | 68<\/td>\n<\/tr>\n |
\nSales
\nPending<\/td>\n | 6<\/td>\n | 18<\/td>\n | 3<\/td>\n<\/tr>\n |
\n| Homes Sold<\/td>\n | 13<\/td>\n | 15<\/td>\n | 15<\/td>\n<\/tr>\n |
\nListings
\nExpired<\/td>\n | 4<\/td>\n | 12<\/td>\n | 10<\/td>\n<\/tr>\n |
\nAverage Days
\non the Market<\/td>\n | 111<\/td>\n | 130<\/td>\n | 72<\/td>\n<\/tr>\n |
\nAverage
\nPrice Per Sq. Ft.<\/td>\n | $385<\/td>\n | $358<\/td>\n | $347<\/td>\n<\/tr>\n |
\nAverage
\nSelling Price<\/td>\n | $
\n597,477<\/td>\n | $
\n512,933<\/td>\n | $
\n544,820<\/td>\n<\/tr>\n |
\nMedian
\nSelling Price<\/td>\n | $
\n539,000<\/td>\n | $
\n500,000<\/td>\n | $
\n519,900<\/td>\n<\/tr>\n |
\nAbsorption
\nRate (# of weeks to sell
\ncurrent inventory at present rate of sales)<\/td>\n | 19.0<\/td>\n | 19.9<\/td>\n | 19.6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).<\/p>\n Pasadena Single Family Homes for Sale:<\/h3>\n[idx-listings linkid=”58687″ count=”500″]\nPasadena Condos for Sale<\/h3>\n[idx-listings linkid=”58694″ count=”500″]\nPasadena Townhomes for Sale<\/h3>\n[idx-listings linkid=”67690″ count=”300″]\nPasadena Income Property for Sale<\/h3>\n[idx-listings linkid=”67691″ count=”500″]\n","protected":false},"excerpt":{"rendered":"Pasadena At-A-Glance Real Estate Statistics – May 2011 Here’s a latest list of the newest home listings in Pasadena: 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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":224,"menu_order":1,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-616","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/pages\/616"}],"collection":[{"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/comments?post=616"}],"version-history":[{"count":0,"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/pages\/616\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/pages\/224"}],"wp:attachment":[{"href":"https:\/\/www.pasadenaviews.com\/wp-json\/wp\/v2\/media?parent=616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |
![\"May](\"http:\/\/www.pasadenaviews.com\/wp-content\/uploads\/2010\/01\/May-2011-Real-Estate-Market-Activity-for-Pasadena.png\" "\\"May")
<\/p>\n![\"Property](\"https:\/\/images.marketleader.com\/HouseImages\/CAREG\/555\/f_P1-19555.jpg?PhotoAccessKey=dd7012f37dc79c5cf7da00cb6877dc45\")
<\/a>