Let’s examine the Pasadena housing market for June 2022. The Pasadena market has held relatively steady from the previous month.
The sales price to list price ratio remains consistent with previous months. Homes are still selling above their asking prices. This shows that demand is strong. At the same time, the absorption rate stays low. A low absorption rate means homes are selling quickly, with limited inventory available. This is a positive sign for Pasadena sellers. It creates a favorable environment for homeowners to list and sell. With high demand and little competition, now is a great time to take advantage of the market.
The least expensive home sold last month was a one-bedroom, one-bathroom, 563-square-foot home located at 171 S. Michillinda Ave., selling for $552,000 original list price was $625,000. The most expensive home sold last month was a five-bedroom, five-bathroom, 3,998 square foot home located at 946 S. Madison Ave., selling for $4,105,000 originally listed for $3,995,000.
Price per square foot varied significantly, reflecting the diversity of properties in the market. For example, the lowest price per square foot was $429.71 for a 1,873 square foot home. This indicates a more affordable option, possibly with fewer upgrades. On the other hand, a 1,745 square foot home sold for a much higher price of $1,532.92 per square foot. This could be due to the home’s prime location, high-end finishes, or unique features that set it apart. The wide range in price per square foot demonstrates the importance of factors like size, condition, and location when determining a property’s value. Buyers and sellers alike must consider these elements when navigating the market.
A 2005 analysis by the National Alliance on Drug Abuse found that only 8 of users who were prescribed cialis over a five-year period became addicted buy cialis online safely