Pasadena Home Values November 2017: The Pasadena real estate market remained strong last month. Fifty-nine homes changed hands, showcasing a wide range of values. Prices started at $510,000 for more modest properties and climbed to $4,900,000 for luxury estates. This variety reflects Pasadena’s diverse market, appealing to first-time buyers and high-end investors.
The absorption rate showed a slight decrease compared to the previous month. This dip signals a robust market for Pasadena home sellers. Buyers will feel even more pressure with fewer homes expected to hit the market during the holiday season. Competition will likely intensify as inventory shrinks. This seasonal trend often favors sellers, as demand remains strong while supply tightens.
The median selling price reached $915,000. This means half of the homes sold for over $915,000, while the other half sold for less. It’s a clear indication of solid demand and healthy pricing. The average price per square foot climbed to $610, marking the year’s highest rate. This increase highlights the ongoing appreciation of Pasadena properties.
Meanwhile, we are busy preparing our Pasadena Spanish pool home for sale. The team is working hard to ensure it shines when it hits the market. We expect to list it right after the first of the year, which is perfectly timed for early spring buyers. This stunning property promises to attract significant interest.
If you want to learn more about Pasadena homes for sale, call Phyllis. She has deep knowledge of the market and can help you find the perfect home or investment property. With inventory tightening, now is the time to act.
