How's theÂ market in Pasadena'sÂ San Rafael HillsÂ Real Estate area week ending 3/21/11?
San Rafael Hills Real EstateÂ is a Sellerâ€™s Market â€“ ever so slightly. Here's why:
Â· 5.3 months supply of homes trending
Â· 8Â Homes available (1 new)
The 6 month numbers are as follows:
Average Sale Price: $850,222
Median Sale Price: $825,000
Average Days on Market: 76
Average Sale Price to List Price Ratio: 95.40
Of Special Note this week: San Rafael Hills Real Estate is seeing a return to a Sellerâ€™s market! There were 3 properties that closed escrow this week in the hills, one plot of land and 2 homes, all contiguous to one another! These properties were the first to sell since December 9th!Â The San Rafael Hills market also saw the return of a home that had been on the market for a long time before, and now itâ€™s staged! Something must have worked because it received a strong offer right away even though the price only came down $50,000! Letâ€™s hope this trend keeps up (even though only one house went into escrow this week)!