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Nearly 50% of Pasadena Home Sales were Purchased with Cash

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.

Pasadena April 2014 Detailed Stats_Page_1 Pasadena April 2014 Detailed Stats_Page_2

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