Let’s look at the Pasadena Housing Market in December 2019: Sixty-five Pasadena homes closed escrow last month. Selling prices ranged from $590,000 for a three-bedroom one bath, 952 sq ft home on Elma Road to a six-bedroom, six-bath, 5,747 sq ft Colonial estate at 645 Landor Lane for $3,850,000.
Forty-one of the Pasadena homes sold for over asking price. Ten sold at asking price, and fourteen sold for less. Thirty-one of these Pasadena listings had price reductions prior to selling. The median selling price was $1,070,000. The absorption rate of 1.57% is the lowest in 2019. This reflects an opportune time to be a Pasadena home seller.
