Looking back at February 2013:
15% of the Pasadena home sales were distress sales (versus last month 10%)
28% of the single family real estate transactions in Pasadena were cash sales (same as Feb 2014) the cash buyer continues to be a major player in Pasadena real estate sales
61 homes sold, the average price per sq. ft. was $401.33, the average Pasadena home sold in 59 days at an average selling price of $875,110. The absorption rate was 2.11%
Last month only 48 single family homes sold in Pasadena, inventory continues to be tight and it’s a strong sellers market.