80 Pasadena homes closed escrow last month and 36 of them sold to cash buyers – that’s 45% of Pasadena home sales sold for cash. Shocking! A lot of this is foreign money – Frightening! As the average selling price continues to climb, inventory continues to be tight.
Year over year comparison:
Last year, 117 Pasadena homes sold, average price per square foot $448, average days on market 50, average selling price $920,589.
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