Let’s dissect the Pasadena Housing Market January 2020, year over year:
Pasadena real estate values continue to climb. The average selling price increased from last year as did the median. The average price per square foot also increased.
Just seventeen of these forty-six Pasadena homes had price reductions prior to selling. The least expensive home sold was a one bedroom, one bath, 528 square foot home at 294 E. Hammond for $550,000. The most expensive home sold was a three bedroom, five bathroom, 6,018 square foot home at 695 Columbia St. for $3,750,000.
What makes Pasadena real estate so desirable? There are many factors. Public transportation, specifically the Metro Rail is a major convenience. There are six Metro Rail lines throughout Los Angeles. Pasadena is serviced by the Gold Line, a 30+ mile light rail train line that runs between East Los Angeles and the San Gabriel Valley. Downtown Pasadena and Downtown Los Angeles are sited at the center. Pasadena is known for its beautiful historic neighborhoods. Public spaces, such as the Rose Bowl, Huntington Library and an assortment of museums add to its appeal.
Contact Phyllis to learn more about Pasadena housing and values.