Pasadena August 2015 Real Estate Values: The average Pasadena home sold for over $1,000,000 in all but two months of this year.
Having just closed a sale to my Pasadena home buyers, I know how competitive the real estate market is in this area. My client actively balances a demanding full-time job and a rigorous master’s program. However, many listings only appear during Thursday Broker Tours or weekend open houses. Every other weekend he attends intensive classes for his degree. Additionally, he misses critical opportunities to view homes if he can’t step away from work during lunch hours. Consequently, sellers, with ample buyer interest in this competitive market, don’t prioritize accommodating his schedule. Furthermore, limited showing windows make it challenging to compete with more flexible buyers. As a result, we often missed out on desirable properties.
Pasadena August 2015 Real Estate Values Recap:
Pasadena’s real estate market moves fast. The absorption rate reflects the current inventory. Homes would sell out in just over two months. Buyers act quickly here. High demand drives competition. Sellers hold the advantage. Properties rarely stay listed long. Consequently, inventory shrinks rapidly. Market trends favor swift decisions. Buyers must remain proactive. Otherwise, they miss opportunities. New listings barely keep up. Thus, the market remains tight.
