“Home prices in the Los Angeles market rose 10.5 percent in the 12 months ending June. The home price index in the Southern California metro region rose only 1.1 percent from April to May, and 0.6 percent from May to June…… Price app...
Each community has a different price point for luxury real estate, in Pasadena generally anything $3,000,000 and higher is considered luxury real estate. Last month there was one luxury real estate sale in Pasadena.
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Comparing June 2013 to June 2014, cash sales have more than doubled! Out of the 70 homes sold in Pasadena last month, a whopping 48 were sold to CASH buyers. These stats confirm the findings in this recent article in Bloomberg discussin...
Each community has a different price point for luxury real estate, in Pasadena generally anything $3,000,000 and higher is considered luxury real estate
Search all Pasadena Listings here
The Pasadena and much of the San Gabriel Valley real estate market is being fueled by the cash investor. Many of them are coming from china. Last month 26% of Pasadena homes buyers paid with cash. Not as many as last month, but still to...
Each community has a different price point for luxury real estate. Pasadena, generally, anything $3,000,000 and higher is considered luxury real estate.
Search all Pasadena real estate sales here
80 Pasadena homes closed escrow last month and 36 sold to cash buyers – 45% of Pasadena home sales sold for cash. Shocking! A lot of this is foreign money – Frightening! As the average selling price continues to climb, inventory remai...
Life is good for Pasadena home sellers:
March 2013
March 2014
# Sold
82
75
Avg Pr Sq Ft
$395.83
$483.60
Avg SP
$754,377
$919,911
Distress Sales
16%
.04%...
Have Pasadena real estate values stabilized? Foreclosures and short sales comprise just 10% of the Pasadena real estate market. The average price per square foot of Pasadena home sales in October and November are nearly identical. The a...
Pasadena real estate statistics are compiled! Both the average price per square foot and average selling price have decreased for the third consecutive month. The average number of days a Pasadena home is on the market has increased for the...