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Pasadena Real Estate Values October 2014

Pasadena August 2014 Detailed Stats_Page_1 Pasadena August 2014 Detailed Stats_Page_2

Now that summer is over, the market is slowing…. fewer closings and days on the market are increasing a bit.

Although the percentage of selling price to list is a robust 99.72%, it’s the lowest of the year.  Fewer homes are selling for over the asking price, and Pasadena homes are taking longer to sell.

28% of Pasadena home sales are to cash buyers.  The absorption rate of 1.91% indicates a solid seller’s market (lack of inventory).  Short sales and REOs (foreclosures) continue to impact the Pasadena real estate market little.

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