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Lee Bothast's Blog

By Lee Bothast | Agent in South Pasadena, CA

South Pasadena Real Estate Market Update

Heres the market update for South Pasadena Real Estate for this week:

It's a Seller's Market, Here's why:

  • 4 months supply of homes trending
  • 65 Homes available total

# Condos Available: 27

# Single Family Homes Available: 38 - 4 new this week

The 6 month numbers are as follows:

Average Sale Price: $879,891

Median Sale Price: $825,000

Average Days on Market: 56

Average Sale Price to List Price Ratio: 98.74 (anybody want to sell?)

Of Special Note this week: There were 3 price reductions in the single family category, always the more desireable properties compared to condos, and so this reflects the continued strength of the market. 3 homes went into escrow this week. There has been a consistent 4 month supply of homes over the last year in South Pasadena real estate, which shows it's seemingly never ending appeal to homebuyers despite the economy.

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