Each Los Angeles housing market is different. And as you can see from the Pasadena Housing Stats for November 2019, it can be seasonal as well.
Let’s dissect the Pasadena Housing Stats for November 2019: Per the Multiple Listing Service, last month eighty five Pasadena homes closed escrow. Pasadena closings increased from October as most people want to be in their new home for the holidays.
Selling prices ranged from $523,750 for a two bedroom one bath, 749 sq ft home on Flower St. to two luxury homes that sold at the same price of 2,800,000. One a five bedroom, eight bath, 8,307 sq ft estate at 3515 Locksley Dr. and the other at 2199 Kinneloa Ranch Rd., a four bedroom, five bath, 5,117 sq ft estate. Twenty of these Pasadena sales had price reductions prior to selling.
Forty two of the Pasadena homes sold for over asking price. Seven sold at asking price, and thirty six sold for less. The median selling price was $950,000. The absorption rate of 1.64% is the lowest of the year. This indicates a perfect time to be a Pasadena home seller.
