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Lee Bothast's Blog

By Lee Bothast | Agent in South Pasadena, CA

South Pasadena Real Estate Market Update week ending 3/21/11

Here’s 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 (down from last week!)
  • 57 Homes available total

# Condos Available: 29

# Single Family Homes Available: 28 - 2 new this week

The 6 month numbers are as follows:

Average Sale Price: $724,630 (increasing slightly from last week)

Median Sale Price: $646,000 (increasing slightly from last week)

Average Days on Market: 62

Average Sale Price to List Price Ratio: 98.49 (anybody want to sell?)

Of Special Note this week: 6 properties entered escrow this week, which is a continuation of the brisk seller’s market in South Pasadena homes from the previous week. Despite the lower median sales nationally reported yesterday, South Pasadena Real Estate is still bucking the national trend!

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