Let’s dissect the Pasadena Housing Markets Stats for December 2018: Last month 62 Pasadena homes closed escrow. Pasadena closings are about the same as last months 63, which is steady for the holiday season and rose parade festivities. Selling prices ranged from $450,000 for a two bedroom two bath, 871 sq ft home on Forest Ave. to 8,800,000 for a five bedroom, eight bath, 8,307 sq ft estate at 1500 Lombardy Rd. Twenty Pasadena listings had price reductions prior to selling.
Thirty of the Pasadena homes sold for over asking price, eight sold at asking price, and twenty-four sold for less. The median selling price was $904,000, which is quite a bit less than last months $1,068,000.