Pasadena Real Estate Market Update August 2017
Last month, Pasadena’s home sales ranged from $455,000 to $5,410,000—half of Pasadena’s homes sold for over $940,000 and half under. Pasadena listings continue to fly off the market. Many homes are available for viewing only on Broker’s Caravan Day and for Saturday and or Sunday open houses. Buyers who can’t accommodate the seller’s showing times are often out of luck. One of my Pasadena buyers is getting an MBA, and he is in school every other weekend. He is currently employed, and there have been several homes he could not view because he could not attend the open houses. Quite simply, the seller or their real estate agent didn’t feel the need to accommodate a different showing. That is how strong this market is for home sellers.
The absorption rate is the lowest for the year. However, the market for home sellers continues to be robust.
Pasadena Market Update August 2017 Recap: Of the ninety-three sales, sixteen had price reductions, proving that proper pricing is critical even in a hot Pasadena real estate market. Call Phyllis at 818 790-7325 to learn more about pricing your home for sale. Not ready to make that call?
Click here to learn how to properly price your home for sale.
