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26% of Pasadena Home Buyers are Paying with Cash

Pasadena May 2014 Detailed Stats_Page_1 Pasadena May 2014 Detailed Stats_Page_2

The Pasadena and much of the San Gabriel Valley real estate market is being fueled by the cash investor.  Many of them are coming from china. Last month 26% of Pasadena homes buyers paid with cash.  Not as many as last month, but still tough competition for Pasadena home buyers.  Only 6% of last month’s home sales were short sales or foreclosures.

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