Pasadena Housing Market February 2019, forty-five Pasadena homes closed escrow. Selling prices ranged from $540,000 for an 800 square foot one bedroom, one bath on Estado St. to $8,930,000 for a 9,422 square foot 8 + 10 estate on Wentworth Ave. Let’s take a closer look at Pasadena Real Estate Values as of February 2019:
Pasadena Housing Market February 2019 Recap
Twenty-one Pasadena homes sold over the asking price, showing strong buyer demand. Two properties sold at their listed price. However, 22 homes sold for less than the original asking price, suggesting some negotiation room. Nine price reductions occurred during the month, signaling a slight adjustment in pricing.
The number of days homes spent on the market decreased, pointing to a faster-moving market. Price per square foot, average sales price to list ratio, and median selling price increased. This reflects a market that remains competitive, with prices continuing to rise. The absorption rate decreased indicating moving slowly towards a seller’s market
My partner, Kris Jardino, closed the sale of 589 N. Garfield in Pasadena. This charming three-bedroom, two-bath townhome attracted seven offers. Kris successfully negotiated a sale $31,000 above the asking price, further proving the market’s strength and high demand for desirable properties.
