Last month, seventy-four Pasadena homes closed escrow, up from last month. Selling prices in the area displayed a wide range. On the lower end, a cozy two-bedroom, one-bath home with 760 square feet sold for $558,000. This property offered a compact layout, perfect for first-time buyers or those seeking a manageable space.
On the opposite end of the spectrum, a grand estate commanded a significant price. The five-bedroom, seven-bath residence spanned 5,916 square feet, selling for an impressive $4,900,000. This luxurious property showcased expansive living spaces, elegant design, and high-end finishes, appealing to buyers looking for both space and sophistication.
These sales highlighted the diversity in the market, catering to both modest budgets and luxury buyers alike.
Let’s take a look at Pasadena housing stats for April 2018:
Pasadena Housing Stats for April 2018 Recap:
Forty-two Pasadena homes sold over the asking price, two at the listed price, and thirty for less than asking.
The lack of real estate inventory in most of Los Angeles is wreaking havoc for LA real estate home buyers. Sadly, the home ownership rate is at its lowest point since 1965. Owning a home is becoming more and more elusive. And housing prices continue to escalate. Successful home buyers are allowing seller rent backs, shortening contingency periods and in some instances waiving most contingencies and sometimes even writing non-contingent offers. It’s highly competitive.
Unfortunately rent is formidably high as well. Our young adults will have their work cut out for them
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