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Pasadena April 2015 Luxury Real Estate Sales

Luxury real estate sales in Pasadena are thriving. Three Pasadena homes sold for over $3,000,000 last month (April). The most expensive Pasadena home sale was 1199 South El Molino. The 1913 Tudor home offers 6 bedrooms, 7 baths, 8700+ square feet on over an acre.  The home sold for $6,475,500 – 99.81% of asking price and purchased with cash! The previous sale was $1,765,000 in 2000.

There’s a combination of factors that are pushing prices higher — one is that there’s some demand for housing, and also there hasn’t been much of a rise in inventory.  Read the rest here.

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