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Nearly 50% of Pasadena Home Sales were Purchased with Cash

80 Pasadena homes closed escrow last month and 36 sold to cash buyers – 45% of Pasadena home sales sold for cash.  Shocking!  A lot of this is foreign money – Frightening!  As the average selling price continues to climb, inventory remains tight.

Year-over-year comparison:

Last year, 117 Pasadena homes sold, with an average price per square foot of $448, average days on the market of 50, and an average selling price of $920,589.

Pasadena April 2014 Detailed Stats_Page_1 Pasadena April 2014 Detailed Stats_Page_2

 

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