La Canada Flintridge & La Crescenta Real Estate | Harb & Co.

Pasadena real estate values are they stabilizing or cooling?

Pasadena real estate statistics are compiled!  Both average price per square foot and average selling price have decreased for the third consecutive month.  The average days a Pasadena home is on the market has increased for the third consecutive month.  Los Angeles real estate values have stabilized.  Perhaps the slight decline is just reflective of the time of year.

Let’s take a look at where Pasadena real estate values were twelve months ago:

In October 2012, 19% of Pasadena home sales were foreclosures or short sales, versus October 2013 reflecting just 4%.  Last October 69 homes sold with an average price per square foot of $376.91.  Pasadena home values are up 16% over same month last year.

38% of Pasadena home sales are cash – just mind boggling!

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