80 Pasadena homes closed escrow last month and 36 sold to cash buyers – 45% of Pasadena home sales sold for cash. Shocking! A lot of this is foreign money – Frightening! As the average selling price continues to climb, inventory remains tight.
Year-over-year comparison:
Last year, 117 Pasadena homes sold, with an average price per square foot of $448, average days on the market of 50, and an average selling price of $920,589.
