Pasadena real estate statistics are compiled! Both the average price per square foot and average selling price have decreased for the third consecutive month. The average number of days a Pasadena home is on the market has increased for the third consecutive month. Pasadena real estate values: are they stabilizing or cooling? Perhaps the slight decline is just reflective of the time of year.
Let’s take a look at where Pasadena real estate values were twelve months ago:
In October 2012, 19% of Pasadena home sales were foreclosures or short sales, versus October 2013 reflecting just 4%—last October 69 homes sold with an average price per square foot of $376.91. Pasadena home values are up 16% over the same month last year.
38% of Pasadena home sales are cash – just mind-boggling!
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