Let’s dissect the Pasadena Housing Markets Stats for November 2018: Last month 63 Pasadena homes closed escrow. Pasadena closings are down due to the holiday season and the upcoming Rose Parade and Rose Bowl. Selling prices ranged from $530,000 for a two bedroom one bath, 976 sq ft home on Montana St. to 4,198,000 for a five bedroom, six bath, 6,039 sq ft estate at 609 Woodland Road. Eleven Pasadena listings (less than 20%) had price reductions prior to selling.
Thirty-four of the Pasadena homes sold for over asking price, six sold at asking price, and twenty-nine sold for less. The absorption rate and price per square foot are nearly the same. The median selling price was $1,068,000, which is much higher than last months $885,000.