Here’s our update on the Pasadena Housing Market for September 2021
Of the 89 Pasadena sales, 58 homes sold over the asking price. The average selling price was $1,727,991, while the average list price was $1,676,363. Selling prices ranged from $650,000 for a 993-square-foot home on a 3,755-square-foot lot to $13,255,572 for the former Orel Hershiser estate.
The average price per square foot ranged from $395.06 to $1,118.14 (the Hershiser Estate). This disparity proves why the average price per square foot is not the best way to arrive at your Los Angeles home’s value. Unless your home is in a tract of similar style homes, such as Pasadena’s Pegfair Estates, you are comparing apples to oranges. This method sums everything about the home up in this one calculation. Its square footage, lot size, condition, and amenities are reduced to this number. It is critical that if you want to learn your home’s value, you only consider homes that are similar to yours.
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