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Pasadena Real Estate Values

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, days on market increasing a bit.

Although the percentage of selling price to list is a strong 99.72% it’s the lowest of the year.  Fewer homes are selling for over 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 an extremely strong seller’s market (lack of inventory).  Short sales and REO’s (foreclosures) continue to have little impact on the Pasadena real estate market.

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