Let’s dissect the numbers for the Pasadena Housing Market in July 2020. The least expensive home sold was a two-bedroom, one-bathroom, 808-square-foot home at 430 Del Rey Ave. It sold for $620,000, $21,000 over the asking price. The most expensive home sold was a five-bedroom, five-bathroom, 5,212-square-foot home located at 405 S. Sierra Bonita Ave. This colonial estate sold for $4,595,000.
I have clients trying to break into this market, and it’s tough. It’s highly competitive. Many buyers have large down payments and are in a position to waive both loan and appraisal contingencies. The bottom line is price – how high are you willing to go?
Pool please. Consumers looking to upgrade their lockdown experience are investing in their outdoor spaces. Houzz has seen a tripling of searches for pool builders.
When coronavirus first hit I was convinced that it would tank the housing market. Boy was I wrong!