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Pasadena Housing Market September 2020

Let’s dissect the numbers for the Pasadena Housing Market in September 2020. The least expensive home sold was a three-bedroom, one-bathroom, 1,120-square-foot home at 421 N. Carmelo Ave., which sold for $640,000. The most expensive sale was a five-bedroom, five-bathroom, 5,212-square-foot home located at 400 S. San Rafael. This gorgeous estate sold for the asking price of $6,600,000.

The Pasadena housing market is on fire! Last month sixty-seven Pasadena homes sold, slightly less than the previous few months. Thirty-seven of these homes sold over their asking price. Eight sold for asking. Twenty-two sold below the asking price.


Since the Great Recession of 2008, the real estate market has rebounded nicely. As home prices continue to climb, it has become increasingly difficult for the average American to afford to purchase a home. Simply put, home prices are increasing at a faster rate than income. From 2017 to 2018, the median home price increased by 5.1%, while household income increased by only 0.8%.   Read the rest here. 

The coronavirus pandemic has upended the lives of millions of Americans and forced many to reevaluate how they want to live their lives—and where they want to do it. Every year, publishes its list of the 100 best places to live in the U.S., but the landscape has changed this year. With home prices reaching new heights in many parts of the country and many big-city amenities shut down, many home buyers are looking for places where they can get a large house for an affordable price. Read the rest here.


One thought on “Pasadena Housing Market September 2020

  1. Sam says:

    I wonder if people looking to make That type of move now have decided that our current “new normal” will be permanent.

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