Harb & Co. love number crunching! Let’s dive into the Pasadena Housing Market in June 2020:
The average and median selling prices are up from May to June. The absorption rate of 1.81% indicates a solid seller’s housing market in Pasadena.
Last month, the least expensive Pasadena sale was a one-bedroom, one-bath home, 502-square-foot home on 591 E. Ashtabula St., which sold for $510,000. This starter home sold for the asking price. The most expensive Pasadena home sale was a six-bedroom, six-bath, 6,049 square-foot home located at 1200 S. Oak Knoll which sold for $4,930,000.
While buyers are still looking for Pasadena homes, many home sellers are reluctant to place their homes on the market. During these COVID times, most occupied homes require a prequalification letter submitted prior to viewing. Pasadena Housing Market June 2020 is a new era… the goal is no longer to maximize showings through open houses and broker caravans but to limit showings to only those qualified to purchase today.
Keep up to date on real estate tips and trends at LAreBlog.com or simply pick up the phone and give us a call.
