Last month, November there were 56 Pasadena real estate sales. Most Pasadena homes are selling quickly near (or over asking price). The absorption rate of 2.72% indicates a very strong seller's market - less than three months of inventory.
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Last month (September 2015), the most expensive Pasadena luxury home sale was 1150 S. El Molino. This 6 bedroom, 7 bath Italian Revival home, constructed in 1911 was designed by Charles Driscoll The home is over 6,000 square feet on over ½...
Having just closed a sale to my Pasadena home buyers, I know how competitive the Pasadena real estate market is. In all but two months of this year, the average Pasadena home sold for over $1,000,000.