Market Update for South Pasadena Homes for Sale, week ending 3/29/15
By Lee Bothast, CRS, 2nd Generation Pasadena Area Realtor
(Coldwell Banker Residential Brokerage)
Here’s the market update for South Pasadena Homes for Sale for the week ending 3/29/15: It's a Seller’s Market, Here's why: 1.75 months supply of homes trending (6 months is a balanced market) 26 Homes available total # Condos Available: 7 (2 new this week) # Single Family Homes Available: 19 (4 new this week) The 6 month numbers are as follows: Average Sale Price: $1,003,164 Median Sale Price: $869,000 Average Days on Market: 45 Average Sale Price to List Price Ratio: 101.60 Of Special Note this week: The spring market has officially begun and inventory is up, which is the time tested pattern to expect for South Pasadena Homes for Sale. However, the March trend seems to be hinting at a slower market, with all key indicators supporting this idea, even if just for March so far. The perce...
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