Pasadena Home Values October 2017:
Last month, Pasadena saw 67 homes sell. Prices ranged from $520,000 to $6,200,000. The absorption rate did rise slightly. However, it still points to a strong market for Pasadena home sellers. Demand remains high, but inventory is tight. As the holidays approach, even fewer homes are expected to hit the market, putting more pressure on buyers eager to secure a home.
Pasadena Home Values October 2017 Recap:
The low absorption rate indicates a stronger market for Pasadena home sellers. Homes in Pasadena are selling fast. The average number of days on the market is just over one month. This quick turnaround shows strong demand from buyers. When you price your Pasadena home correctly, it sells quickly. Buyers compete for well-priced properties. Multiple offers often come in within days. This competition drives up the final selling price. In many cases, homes sell for more than the initial asking price. This outcome isn’t by chance. It’s the result of smart pricing and strong demand. By setting the right price from the start, you attract serious buyers who are ready to act.
Meanwhile, we are preparing our stunning Spanish pool home in Pasadena for sale. We’re unsure if it will be ready to list before the end of the year. Want updates on Pasadena homes for sale? Call Phyllis for the latest information.
