It’s a new year and for those of you trying to buy your first home, you know it’s a seller’s market. Buyers have little negotiating power. So what’s happening with Pasadena real estate values?
Comparing Pasadena real estate values January 2014 vs. January 2013:
In 2013, 53 homes sold at an average price per sq. foot of $370.26
Short Sales and foreclosures comprised 23% of Pasadena home sales
Average days on market was 71, absorption rate 2.77%
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