Let’s dive into Pasadena Real Estate in January 2018. The market showed interesting shifts. Last month, half of Pasadena homes sold for under $899,000, while the other half sold for more. This median selling price marked a slight decrease from the previous month. Typically, this dip is expected during the December holidays. Despite the overall change, Pasadena’s home values showcased a broad range. At the lower end, a one-bedroom, one-bathroom, 948-square-foot starter home sold for $467,000. On the higher end, a grand eight-bedroom, nine-bath estate on Chateau Rd. commanded $5,600,000. These diverse price points highlight Pasadena’s unique and varied real estate market.
Pasadena Real Estate January 2018 Recap:
Let’s compare Pasadena home statistics to January 2017. The average price per square foot stood at $525. The average sales price reached $1,077,338. Meanwhile, the median selling price came in at $765,000. The absorption rate was 2.93%, reflecting strong demand. These numbers tell a clear story. Pasadena real estate had a banner year. Home values climbed, and properties moved quickly. Buyer interest remained high, keeping the market competitive. All signs pointed to steady growth and robust activity.
Contact Phyllis to learn more about Pasadena Real Estate and its current values. You may reach her at her office at 818 790-7325
