Let’s dissect the Pasadena Housing Market January 2020, year over year:
Pasadena real estate values continue to climb. The average selling price increased from last year as did the median. The average price per square foot also increased.
Just seventeen of these forty-six Pasadena homes had price reductions prior to selling. The least expensive home sold was a one-bedroom, one-bath, 528-square-foot home at 294 E. Hammond for $550,000. The most expensive home sold was a three-bedroom, five-bathroom, 6,018-square-foot home at 695 Columbia St. for $3,750,000.
What makes Pasadena real estate so desirable? Many factors contribute to its appeal. Public transportation is a major convenience. The Metro Rail connects Pasadena to the greater Los Angeles area. Six Metro Rail lines run throughout the city. Pasadena is served by the Gold Line, a light rail spanning over 30 miles. It stretches from East Los Angeles to the San Gabriel Valley. Both Downtown Pasadena and Downtown Los Angeles sit at its center, making commuting easy and efficient.
Pasadena is also famous for its beautiful historic neighborhoods. Tree-lined streets and classic architecture give the area its charm. Public spaces add even more value. The Rose Bowl hosts events and outdoor activities year-round. The Huntington Library offers stunning gardens and art collections. A variety of museums provide culture and history. All these features make Pasadena a sought-after place to live.
Contact Phyllis to learn more about Pasadena housing and values.
