Pasadena home values june 2017
Last month Pasadena home values ranged from $360,000 for a 624 square foot home to $4,380,000 for a 6,025-square-foot estate.The median and average price both describe data sets but differ in calculation and meaning. First, let’s explore the average price. You calculate it by adding all prices and dividing by the number of prices. Next, consider the median price. The median resists outliers, offering a better central value for skewed data, like housing prices. Conversely, the average reflects the total sum, useful for budgets or total costs. In short, use the median for typical values and the average for overall trends.The median value reflects that half of the Pasadena homes sold under $941,000 and the other half over.
Pasadena home values june 2017 recap: The absorption rate is at an all-year low – great for Pasadena home sellers. Most Pasadena homes continue to sell over the list price, typically with multiple offers.
Because of its beautiful character homes and historic neighborhoods, Pasadena real estate is highly sought after. The city itself is extremely walkable and boasts museums, fine restaurants, hiking trails, and an enviable rapid transit system. Click here to learn more about Pasadena’s most popular neighborhoods.
