Last month, ninety-four Pasadena homes closed escrow. Selling prices ranged from $520,000 for a 996-square-foot 2 + 1 to $4,330,000 for a 5,916-square-foot 4 + 5 estate. Let’s take a look at Pasadena Real Estate Values as of August 2018:
Fifty Pasadena homes sold over asking price, five at the listed price, and thirty-nine for less than asking. Note: There were twenty-four price reductions last month in the Pasadena real estate market. Days on market are inching up, but the absorption rate remains low.
We recently closed escrow on our Pasadena mid-century. We received a handful of offers, and we sold over the asking price. We have an Orange Grove condo we are preparing for sale and hope to have it market-ready in the next few weeks.
